SpaceX $SPCX Stock: Nightview Capital LLC Boosts Position

Nightview Capital LLC grew its position in SpaceX (NASDAQ:SPCX) by 200.5% during the third quarter, Holdings Channel reports. The firm owned 106,069 shares of the company’s stock after acquiring an additional 70,771 shares during the period. SpaceX makes up approximately 12.1% of Nightview Capital LLC’s portfolio, making the stock its 2nd largest position. Nightview Capital LLC’s holdings in SpaceX were worth $16,002,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPCX. SC US Ttgp LTD. acquired a new stake in shares of SpaceX during the second quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new stake in SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC purchased a new stake in SpaceX in the second quarter valued at 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 acquired a new position in SpaceX in the 2nd quarter worth approximately $1,366,880,000.

SpaceX Stock Down 0.1%

Shares of SPCX stock opened at $147.79 on Wednesday. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.95 trillion and a PE ratio of -1,642.11. The company has a 50-day moving average of $148.92.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion for the quarter. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.36) earnings per share. Sell-side analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPCX has been the subject of a number of recent research reports. 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. Oppenheimer lifted their price objective on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Tuesday, September 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of SpaceX in a research note on Tuesday, September 29th. Finally, Canaccord Genuity Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and a consensus target price of $221.44.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.