SpaceX $SPCX Shares Purchased by MGO One Seven LLC

MGO One Seven LLC lifted its stake in SpaceX (NASDAQ:SPCX) by 103.5% during the third quarter, HoldingsChannel reports. The firm owned 56,546 shares of the company’s stock after purchasing an additional 28,761 shares during the period. MGO One Seven LLC’s holdings in SpaceX were worth $8,531,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sagace Wealth Management LLC purchased a new stake in SpaceX in the 3rd quarter valued at about $463,000. Marin Bay Wealth Advisors LLC increased its position in shares of SpaceX by 85.9% during the third quarter. Marin Bay Wealth Advisors LLC now owns 2,983 shares of the company’s stock worth $450,000 after acquiring an additional 1,378 shares during the period. Americana Partners LLC increased its position in shares of SpaceX by 425.8% during the third quarter. Americana Partners LLC now owns 22,655 shares of the company’s stock worth $3,418,000 after acquiring an additional 18,346 shares during the period. Aprio Wealth Management LLC purchased a new position in shares of SpaceX during the third quarter worth approximately $312,000. Finally, LJI Wealth Management LLC bought a new stake in shares of SpaceX during the third quarter valued at approximately $205,000.

SpaceX Stock Performance

NASDAQ SPCX opened at $134.72 on Monday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.83 trillion and a P/E ratio of 518.15. The firm’s 50-day simple moving average is $149.56.

SpaceX (NASDAQ:SPCX) last announced its quarterly 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 net margin of 8.61% and a negative return on equity of 3.24%. The firm had revenue of $14.57 billion during the quarter. During the same period in the previous year, the company posted ($0.36) EPS. SpaceX’s revenue for the quarter was up 161.4% on a year-over-year basis. Equities analysts expect that SpaceX will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup boosted their price target on SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Arete Research set a $450.00 price objective on SpaceX in a report on Tuesday, August 11th. HSBC reaffirmed a “hold” rating on shares of SpaceX in a research report on Wednesday, October 21st. Wall Street Zen upgraded SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Yorkville Ives initiated coverage on SpaceX in a report on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $244.97.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.