SpaceX $SPCX Stock Acquired by StoneX Group Inc.

StoneX Group Inc. boosted its position in SpaceX (NASDAQ:SPCX) by 62.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,738 shares of the company’s stock after buying an additional 26,809 shares during the period. StoneX Group Inc.’s holdings in SpaceX were worth $10,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Viking Fund Management LLC acquired a new position in shares of SpaceX in the third quarter valued at about $1,358,000. Diversify Advisory Services LLC increased its position in SpaceX by 34.0% during the third quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock worth $7,205,000 after acquiring an additional 12,292 shares during the period. Avior Wealth Management LLC acquired a new stake in SpaceX in the 3rd quarter worth about $2,934,000. Wedbush Securities Inc. acquired a new stake in SpaceX in the 2nd quarter worth about $5,094,000. Finally, Apella Capital LLC boosted its holdings in SpaceX by 218.2% in the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after purchasing an additional 5,777 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Citigroup lifted their price target on shares of SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Barclays boosted their price target on SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Mizuho set a $205.00 price target on SpaceX in a research report on Wednesday, October 21st. Finally, Sanford C. Bernstein set a $267.00 price objective on SpaceX in a research note on Monday, October 26th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and a consensus price target of $243.60.

SpaceX Price Performance

NASDAQ SPCX opened at $134.27 on Friday. The business’s fifty day simple moving average is $149.18. 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 fifty-two week low of $104.83 and a fifty-two week high of $225.64. The company has a market capitalization of $1.82 trillion and a PE ratio of 516.42.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm had revenue of $14.57 billion for the quarter. During the same period in the prior year, the business posted ($0.36) EPS. The company’s revenue for the quarter was up 161.4% compared to the same quarter last year. As a group, sell-side analysts expect that SpaceX will post 0.19 earnings per share for the current year.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

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

SpaceX 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.