12,215 Shares of SpaceX $SPCX Bought by Bayshore Capital Advisors LLC

Bayshore Capital Advisors LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, Holdings Channel reports. The fund acquired 12,215 shares of the company’s stock, valued at approximately $1,843,000. SpaceX accounts for about 1.0% of Bayshore Capital Advisors LLC’s portfolio, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Syntax Research Inc. acquired a new stake in shares of SpaceX during the second quarter worth about $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX in the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new position in shares of SpaceX during the second quarter worth $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in SpaceX during the 3rd quarter worth $30,000.

SpaceX Price Performance

SPCX stock opened at $134.27 on Friday. The firm has a 50-day moving average price of $149.18. 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 has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating 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 company had revenue of $14.57 billion during the quarter. During the same period in the prior year, the firm posted ($0.36) EPS. SpaceX’s revenue was up 161.4% on a year-over-year basis. On average, sell-side analysts expect that SpaceX will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SPCX shares. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a report on Wednesday, October 21st. KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research report on Wednesday, October 21st. Erste Group Bank began coverage on shares of SpaceX in a research note on Thursday, October 8th. They set a “hold” rating for the company. Bank of America boosted their target price on SpaceX from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Finally, Pivotal Research boosted their target price on shares of SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $243.60.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

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.