SpaceX $SPCX Stock: Sepio Capital LP Grows Stake

Sepio Capital LP increased its holdings in SpaceX (NASDAQ:SPCX) by 87.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,811 shares of the company’s stock after acquiring an additional 4,569 shares during the quarter. Sepio Capital LP’s holdings in SpaceX were worth $1,480,000 as of its most recent SEC filing.

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

Key SpaceX News

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.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

SPCX has been the topic of several recent research reports. Phillip Securities raised SpaceX to a “strong sell” rating and set a $75.00 target price on the stock in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $245.00 price target on shares of SpaceX in a research report on Wednesday. Cantor Fitzgerald upped their price objective on SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Cowen upped their price objective on SpaceX from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, SpaceX has an average rating of “Moderate Buy” and a consensus target price of $244.19.

SpaceX Stock Down 9.1%

NASDAQ SPCX opened at $144.75 on Friday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock’s 50 day moving average price is $149.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The company has a market cap of $1.91 trillion and a price-to-earnings ratio of -1,608.33.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. During the same period last year, the business posted ($0.36) EPS. The firm’s quarterly revenue was up 161.4% compared to the same quarter last year. On average, equities research 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.