SpaceX $SPCX Shares Acquired by NBZ Investment Advisors LLC

NBZ Investment Advisors LLC lifted its holdings in SpaceX (NASDAQ:SPCX) by 327.8% during the third quarter, HoldingsChannel.com reports. The firm owned 6,678 shares of the company’s stock after purchasing an additional 5,117 shares during the period. NBZ Investment Advisors LLC’s holdings in SpaceX were worth $1,007,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Compass Financial Management LLC increased its stake in SpaceX by 55.9% in the 3rd quarter. Compass Financial Management LLC now owns 14,889 shares of the company’s stock valued at $2,246,000 after buying an additional 5,337 shares during the last quarter. Focused Wealth Management Inc acquired a new position in shares of SpaceX during the 3rd quarter worth about $390,000. Southern Financial Group LLC boosted its stake in shares of SpaceX by 34.0% during the 3rd quarter. Southern Financial Group LLC now owns 2,248 shares of the company’s stock worth $339,000 after buying an additional 570 shares during the last quarter. Rakuten Investment Management Inc. grew its holdings in shares of SpaceX by 1,245.3% in the 3rd quarter. Rakuten Investment Management Inc. now owns 418,672 shares of the company’s stock valued at $62,483,000 after acquiring an additional 387,552 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in shares of SpaceX in the 3rd quarter valued at about $206,000.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $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 SEC, which is available at 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: SpaceX selected Qualcomm to provide 5G network technology for Starlink Mobile, supporting its plan to build a nationwide wireless service and potentially opening a new revenue stream. SpaceX selects Qualcomm for Starlink Mobile
• Neutral Sentiment: Recent results showed strong momentum: third-quarter revenue rose 161%, while the Super Intelligence segment grew rapidly. However, the AI build-out requires heavy investment, and the eventual returns remain uncertain. SPCX cloud growth reshapes earnings after Q3 beat
• Negative Sentiment: Democratic gains in Congress and key state races have raised concerns about tougher oversight of AI data centers and potential obstacles to SpaceX’s infrastructure plans. The election outcome has also increased uncertainty around a possible SpaceX–Tesla merger. Why SpaceX stock is down today
• Negative Sentiment: Investors also face concerns about elevated spending, execution risks and a valuation that depends heavily on future growth. Commentary on the AI data-center opportunity notes that substantial profits may take time to materialize. SpaceX stock can get a lift from the Anthropic IPO, but remains unappealing

SpaceX Stock Performance

Shares of SPCX stock opened at $135.92 on Thursday. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a market cap of $1.85 trillion and a PE ratio of 522.77. The firm has a 50-day moving average price of $149.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.36) EPS. Sell-side analysts predict that SpaceX will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Moffett Nathanson upped their target price on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. Arete Research set a $450.00 price target on SpaceX in a research note on Tuesday, August 11th. Evercore reaffirmed an “outperform” rating and set a $275.00 price target on shares of SpaceX in a research report on Friday, October 16th. Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Mizuho set a $205.00 price objective on SpaceX in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and an average target price of $244.97.

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.