Howland Capital Management LLC Purchases 4,380 Shares of SpaceX $SPCX

Howland Capital Management LLC purchased a new stake in SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel reports. The institutional investor purchased 4,380 shares of the company’s stock, valued at approximately $661,000.

Several other large investors also recently bought and sold shares of the stock. Brookstone Capital Management grew its holdings in shares of SpaceX by 13.1% during the third quarter. Brookstone Capital Management now owns 92,131 shares of the company’s stock worth $13,899,000 after purchasing an additional 10,659 shares during the last quarter. Ledyard National Bank acquired a new stake in shares of SpaceX during the third quarter worth about $283,000. SeaCrest Wealth Management LLC lifted its holdings in shares of SpaceX by 39.5% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 6,673 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,888 shares during the last quarter. Seros Financial LLC purchased a new stake in shares of SpaceX in the 3rd quarter valued at about $427,000. Finally, Legacy Financial Group Inc. acquired a new stake in shares of SpaceX in the 3rd quarter valued at about $283,000.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

Analysts Set New Price Targets

SPCX has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating on shares of SpaceX in a research note on Monday. Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a research note on Wednesday. Stifel Nicolaus assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. Wedbush initiated coverage on SpaceX in a report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price objective for the company. Finally, Mizuho set a $205.00 target price on shares of SpaceX in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.19.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $144.75 on Friday. The business’s fifty day moving average is $149.25. SpaceX has a 1-year low of $104.83 and a 1-year 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 capitalization of $1.91 trillion and a P/E ratio of -1,608.33.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. During the same period in the prior year, the firm posted ($0.36) EPS. The business’s revenue was up 161.4% compared to the same quarter last year. Analysts anticipate 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.