5,482 Shares in SpaceX $SPCX Purchased by Parkside Investments LLC

Parkside Investments LLC acquired a new stake in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,482 shares of the company’s stock, valued at approximately $827,000.

Other large investors have also made changes to their positions in the company. SC US Ttgp LTD. acquired a new stake in shares of SpaceX in the second quarter worth $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX during the second quarter worth $17,335,783,000. K5 Global Advisor LLC purchased a new position in shares of SpaceX during the second quarter worth $6,587,531,000. State Street Corp acquired a new position in SpaceX during the second quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in SpaceX during the second quarter valued at $1,366,880,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results beat expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. The company swung from a $0.36 loss per share a year earlier to approximately $4.4 billion in net income. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI has become the primary growth engine. Super Intelligence revenue reached $7.56 billion, compared with $813 million a year earlier, and represented more than half of company income. Big-tech demand for SpaceX’s data-center and computing capacity is reinforcing the broader AI investment theme. SpaceX’s AI business is beating expectations
• Positive Sentiment: Management signaled substantial additional capacity growth. CEO Elon Musk said SpaceX expects to add at least 10 gigawatts of AI compute capacity in 2027. Starlink also continued to expand, reaching 13.6 million consumer subscribers, while connectivity revenue rose 69% to $5.25 billion. CEO Elon Musk Just Gave SpaceX Investors Great News
• Positive Sentiment: A possible Tesla combination gained credibility. SpaceX and Tesla each formed independent special committees to review a potential merger. No transaction is certain, but the development may support expectations for broader AI, robotics and infrastructure synergies. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: SpaceX and Tesla’s proposed “Terafab” is targeting volume chip production in 2028, potentially supporting long-term AI infrastructure ambitions but adding execution risk. SpaceX and Tesla’s Terafab targets 2028
• Negative Sentiment: Capital requirements remain the key concern. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Investors must determine whether future computing revenue can justify the spending and potential financing needs.
• Negative Sentiment: Starlink subscriber growth was below expectations, and more than one billion shares may become eligible for sale following the lockup expiration, creating a potential source of supply and volatility. A massive SpaceX stock lockup expiration is coming

Wall Street Analyst Weigh In

Several research firms have commented on SPCX. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday, August 7th. DZ Bank initiated coverage on SpaceX in a research note on Friday, August 21st. They set a “sell” rating and a $100.00 price objective for the company. Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a report on Wednesday, October 14th. TD Cowen reissued a “buy” rating and issued a $200.00 price objective on shares of SpaceX in a report on Friday, October 9th. Finally, Wells Fargo & Company lowered their target price on SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.44.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction 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 owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $147.79 on Wednesday. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.95 trillion and a PE ratio of -1,642.11. The stock’s 50 day moving average price is $148.92. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

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 firm had revenue of $14.57 billion during the quarter. During the same period in the prior year, the company posted ($0.36) EPS. SpaceX’s revenue for the quarter was up 161.4% on a year-over-year basis. Analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

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.