SpaceX $SPCX Shares Bought by Manchester Capital Management LLC

Manchester Capital Management LLC lifted its holdings in SpaceX (NASDAQ:SPCX) by 93,916.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,641 shares of the company’s stock after purchasing an additional 5,635 shares during the period. Manchester Capital Management LLC’s holdings in SpaceX were worth $851,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. James T. Borello RIA raised its holdings in shares of SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after acquiring an additional 72 shares in the last quarter. Downshift Financial LLC boosted its position in SpaceX by 25.7% during the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after purchasing an additional 113 shares in the last quarter. Barrett & Company Inc. lifted its position in shares of SpaceX by 62.5% during the third quarter. Barrett & Company Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 125 shares during the last quarter. Trifecta Capital Advisors LLC grew its position in shares of SpaceX by 112.5% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock worth $36,000 after buying an additional 126 shares during the last quarter. Finally, Decision Investments Inc. raised its stake in shares of SpaceX by 10.7% during the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock worth $218,000 after acquiring an additional 139 shares in the last quarter.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

SpaceX Stock Performance

NASDAQ SPCX opened at $147.49 on Friday. The firm has a market cap of $1.94 trillion and a P/E ratio of -1,638.78. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a fifty day moving average price of $149.40. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. During the same period in the previous year, the business earned ($0.36) EPS. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. As a group, sell-side analysts predict that SpaceX will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPCX has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday. Wedbush assumed coverage on SpaceX in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 target price on the stock. KeyCorp restated a “sector weight” rating on shares of SpaceX in a research report on Wednesday. Stifel Nicolaus started coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective for the company. Finally, TD Cowen boosted their price target on SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and a consensus target price of $244.19.

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.