14,698 Shares in SpaceX $SPCX Acquired by Watershed Private Wealth LLC

Watershed Private Wealth LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 14,698 shares of the company’s stock, valued at approximately $2,217,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrity Advisory Solutions LLC raised its holdings in SpaceX by 39.9% in the third quarter. Integrity Advisory Solutions LLC now owns 5,262 shares of the company’s stock worth $794,000 after purchasing an additional 1,502 shares in the last quarter. IPG Investment Advisors LLC lifted its position in SpaceX by 23.8% during the third quarter. IPG Investment Advisors LLC now owns 14,313 shares of the company’s stock valued at $2,159,000 after buying an additional 2,752 shares during the period. Factory Mutual Insurance Co. bought a new stake in shares of SpaceX during the 3rd quarter valued at $286,000. Challenger Wealth Management boosted its holdings in shares of SpaceX by 195.0% during the 3rd quarter. Challenger Wealth Management now owns 3,628 shares of the company’s stock valued at $547,000 after buying an additional 2,398 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of SpaceX during the 3rd quarter valued at $271,000.

SpaceX Trading Up 3.6%

SpaceX stock opened at $141.31 on Wednesday. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The business has a fifty day simple moving average of $149.68. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.92 trillion and a price-to-earnings ratio of 543.50.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.36) EPS. On average, equities research analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPCX. Mizuho set a $205.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Friday, August 7th. Wells Fargo & Company upped their price objective on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Citigroup raised their target price on shares of SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported a strong third quarter: revenue rose 161% year over year to $14.58 billion and earnings beat estimates. Its AI-related Super Intelligence business grew rapidly, while Starlink added 1.6 million subscribers. The results support the company’s growth story. SpaceX Q3 earnings call highlights
• Positive Sentiment: Reported talks to buy Boost Mobile or access its network have raised hopes SpaceX could pair Starlink coverage with an existing customer base and expand into wireless. A deal could accelerate market entry, though it remains uncertain. SpaceX Starlink’s telecom ground game takes shape
• Neutral Sentiment: SpaceX objected to a proposed OKXICE listing of third-party tokenized shares. The move could restrict a new avenue for trading exposure to SpaceX, but the reports do not indicate a direct change to the company’s business or financial performance. SpaceX blocks tokenized stock listing on OKXICE
• Negative Sentiment: The AI buildout carries substantial cost: reports say SpaceX raised its fourth-quarter capital-spending forecast to $35 billion–$40 billion and is targeting major computing-capacity expansion. Investors may worry that spending and funding needs will outpace returns, particularly given the company’s ambitious revenue goals. SpaceX raises 2026 capex forecast as AI compute demand surges
• Negative Sentiment: The Boost Mobile strategy is not assured: the business relies on network leases from incumbent carriers, which could complicate a transfer or limit SpaceX’s ability to compete. A potential Anthropic IPO may also draw investor money and attention away from SpaceX’s AI ambitions. SpaceX could be biggest loser from successful Anthropic IPO

About SpaceX

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.