SpaceX $SPCX Shares Newly Bought by Private Wealth Partners LLC

Private Wealth Partners LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 14,084 shares of the company’s stock, valued at approximately $2,125,000.

Other hedge funds also recently bought and sold shares of the company. SC US Ttgp LTD. purchased a new position in shares of SpaceX in the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP purchased a new stake in shares of SpaceX in the 2nd quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC acquired a new position in SpaceX in the 2nd quarter worth approximately $6,587,531,000. State Street Corp acquired a new position in SpaceX in the 2nd quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in SpaceX during the 2nd quarter worth approximately $1,366,880,000.

SpaceX News Roundup

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

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the 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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research note on Monday. Phillip Securities raised SpaceX from a “strong sell” rating to a “strong-buy” rating in a research report on Friday. Arete Research set a $450.00 price target on SpaceX in a report on Tuesday, August 11th. DZ Bank began coverage on SpaceX in a report on Friday, August 21st. They set a “sell” rating and a $100.00 price target on the stock. Finally, Wolfe Research reissued an “outperform” rating and set a $175.00 price target on shares of SpaceX in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus target price of $244.19.

SpaceX Price Performance

SPCX traded up $2.74 on Friday, reaching $147.49. 110,309,928 shares of the company traded hands, compared to its average volume of 98,790,120. The business has a 50 day moving average price of $149.40. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock has a market cap of $1.94 trillion and a P/E ratio of -1,638.78. 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 released its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. During the same period last year, the firm posted ($0.36) EPS. The firm’s quarterly revenue was up 161.4% on a year-over-year basis. As a group, equities research analysts forecast that SpaceX will post 0.13 earnings per share for the current fiscal year.

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.