Bayshore Capital Advisors LLC Acquires 12,215 Shares of SpaceX $SPCX

Bayshore Capital Advisors LLC bought a new stake in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,215 shares of the company’s stock, valued at approximately $1,843,000. SpaceX accounts for approximately 1.0% of Bayshore Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Syntax Research Inc. purchased a new position in SpaceX in the second quarter worth $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the second quarter worth $29,000. PayPay Securities Corp bought a new position in SpaceX during the second quarter worth about $30,000. Marquette Asset Management LLC bought a new position in SpaceX in the 2nd quarter valued at approximately $32,000. Finally, Hickory Point Bank & Trust purchased a new stake in shares of SpaceX in the third quarter worth approximately $30,000.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

NASDAQ:SPCX opened at $134.27 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company’s 50-day simple moving average is $149.18.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.36) earnings per share. On average, equities analysts anticipate that SpaceX will post 0.19 earnings per share for the current year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a research note on Wednesday, October 21st. TD Cowen raised their price objective on shares of SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. HSBC reissued a “hold” rating on shares of SpaceX in a research note on Wednesday, October 21st. Finally, DZ Bank began coverage on SpaceX in a report on Friday, August 21st. They issued a “sell” rating and a $100.00 price objective for the company. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

SpaceX Company Profile

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.