SpaceX $SPCX Shares Bought by Stevens Capital Partners

Stevens Capital Partners raised its position in shares of SpaceX (NASDAQ:SPCX) by 87.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,821 shares of the company’s stock after purchasing an additional 13,474 shares during the period. Stevens Capital Partners’ holdings in SpaceX were worth $4,348,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPCX. SC US Ttgp LTD. bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP bought a new position in SpaceX during the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX in the second quarter valued at approximately $6,587,531,000. Thrive Capital Management LLC bought a new stake in SpaceX in the second quarter worth approximately $3,231,681,000. Finally, State Street Corp bought a new stake in SpaceX in the second quarter worth approximately $1,858,329,000.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 represents a 12.16% decrease in their ownership of the stock. The transaction 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.

SpaceX Stock Down 6.4%

NASDAQ:SPCX opened at $134.72 on Friday. The company has a 50 day moving average price of $149.56. 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. The company has a market capitalization of $1.83 trillion and a price-to-earnings ratio of 518.15.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SPCX. Evercore restated an “outperform” rating and set a $275.00 price target on shares of SpaceX in a report on Friday, October 16th. UBS Group reiterated an “overweight” rating and issued a $300.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. The Goldman Sachs Group reissued a “buy” rating and set a $245.00 target price on shares of SpaceX in a research report on Wednesday, October 21st. Arete Research set a $450.00 target price on SpaceX in a report on Tuesday, August 11th. Finally, Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, SpaceX has an average 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

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.