4,431 Shares in SpaceX $SPCX Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, HoldingsChannel reports. The institutional investor acquired 4,431 shares of the company’s stock, valued at approximately $669,000.

Several other institutional investors have also modified their holdings of SPCX. Viking Fund Management LLC purchased a new stake in shares of SpaceX in the third quarter valued at $1,358,000. Diversify Advisory Services LLC increased its position in SpaceX by 34.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock worth $7,205,000 after purchasing an additional 12,292 shares in the last quarter. Avior Wealth Management LLC acquired a new position in SpaceX in the 3rd quarter valued at about $2,934,000. Wedbush Securities Inc. acquired a new position in SpaceX in the 2nd quarter valued at about $5,094,000. Finally, Apella Capital LLC lifted 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 in the last quarter.

SpaceX Trading Up 8.6%

SpaceX stock opened at $134.27 on Friday. The firm has a market capitalization of $1.82 trillion and a price-to-earnings ratio of 516.42. The firm has a fifty day simple moving average of $149.18. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company posted ($0.36) earnings per share. The business’s quarterly revenue was up 161.4% compared to the same quarter last year. As a group, equities analysts predict that SpaceX will post 0.19 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Yorkville Ives started coverage on shares of SpaceX in a research note on Tuesday, October 6th. They set an “outperform” rating and a $225.00 price target on the stock. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research report on Wednesday, October 21st. China Renaissance began coverage on shares of SpaceX in a research note on Thursday. They set a “buy” rating and a $194.20 price objective on the stock. Pivotal Research upped their price objective on shares of SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $245.00 target price on shares of SpaceX in a research report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key SpaceX News

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.