SpaceX $SPCX Stock: Sigma Planning Corp Increases Position

Sigma Planning Corp lifted its holdings in SpaceX (NASDAQ:SPCX) by 63.1% in the third quarter, HoldingsChannel.com reports. The fund owned 34,670 shares of the company’s stock after buying an additional 13,415 shares during the quarter. Sigma Planning Corp’s holdings in SpaceX were worth $5,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPCX. Syntax Research Inc. bought a new stake in SpaceX during the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX in the 2nd quarter worth approximately $29,000. PayPay Securities Corp purchased a new position in SpaceX in the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC purchased a new position in SpaceX in the 2nd quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust bought a new position in SpaceX in the 3rd quarter worth approximately $30,000.

SpaceX Stock Down 0.4%

SpaceX stock opened at $146.90 on Tuesday. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock has a market capitalization of $1.94 trillion and a P/E ratio of -1,632.22. The company’s fifty day simple moving average is $149.24. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The firm’s quarterly revenue was up 161.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.36) earnings per share. On average, equities research analysts anticipate that SpaceX will post 0.13 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

A number of brokerages have issued reports on SPCX. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. Barclays lifted their price objective on shares of SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Canaccord Genuity Group started coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 target price on the stock. Cantor Fitzgerald upped their target price on shares of SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Finally, Wall Street Zen raised shares of SpaceX from a “sell” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

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.