SpaceX $SPCX Stock Sold by K5 Global Advisor LLC

K5 Global Advisor LLC lessened its holdings in shares of SpaceX (NASDAQ:SPCX) by 30.9% in the third quarter, Holdings Channel.com reports. The fund owned 26,673,191 shares of the company’s stock after selling 11,922,609 shares during the quarter. SpaceX comprises 100.0% of K5 Global Advisor LLC’s holdings, making the stock its largest holding. K5 Global Advisor LLC’s holdings in SpaceX were worth $4,023,918,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SC US Ttgp LTD. bought a new position in shares of SpaceX in the 2nd quarter worth $20,933,621,000. Darsana Capital Partners LP acquired a new stake in shares of SpaceX during the second quarter worth $17,335,783,000. State Street Corp acquired a new stake in shares of SpaceX during the second quarter worth $1,858,329,000. Dragoneer Investment Group LLC bought a new stake in SpaceX in the second quarter valued at about $1,366,880,000. Finally, National Pension Service bought a new stake in SpaceX in the second quarter valued at about $598,010,000.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction on 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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SPCX shares. KeyCorp restated a “sector weight” rating on shares of SpaceX in a report on Wednesday. Pivotal Research reaffirmed a “buy” rating and issued a $230.00 price target on shares of SpaceX in a research note on Monday, October 12th. Bank of America initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $235.00 price target for the company. Piper Sandler cut their price target on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.44.

Key Headlines Impacting 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

SpaceX Stock Performance

NASDAQ:SPCX opened at $147.79 on Wednesday. The stock’s 50-day moving average price is $148.92. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a market capitalization of $1.95 trillion and a P/E ratio of -1,642.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last issued its quarterly 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 business had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the business earned ($0.36) earnings per share. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. On average, research analysts predict that SpaceX will post 0.07 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.