SpaceX $SPCX Stock Bought by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp boosted its position in SpaceX (NASDAQ:SPCX) by 67.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,353 shares of the company’s stock after purchasing an additional 15,517 shares during the quarter. SpaceX comprises 1.5% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 20th biggest position. MADDEN SECURITIES Corp’s holdings in SpaceX were worth $5,786,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Latitude Advisors LLC purchased a new position in shares of SpaceX during the 3rd quarter valued at $142,000. Balance Wealth Partners LLC raised its position in shares of SpaceX by 5.7% in the third quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company’s stock worth $341,000 after buying an additional 121 shares in the last quarter. Foresight Capital Management Advisors Inc. purchased a new stake in shares of SpaceX in the third quarter worth $461,000. Roman Butler Fullerton & Co. boosted its stake in SpaceX by 14.4% during the third quarter. Roman Butler Fullerton & Co. now owns 10,376 shares of the company’s stock valued at $1,535,000 after buying an additional 1,308 shares during the period. Finally, Oakworth Capital Inc. boosted its stake in SpaceX by 17.8% during the third quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock valued at $73,000 after buying an additional 73 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. CLSA assumed coverage on SpaceX in a research note on Monday, September 28th. They issued an “outperform” rating and a $250.00 target price on the stock. Guggenheim started coverage on SpaceX in a research report on Friday, August 7th. They set a “buy” rating for the company. Cantor Fitzgerald boosted their price objective on SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Wolfe Research reissued an “outperform” rating and set a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Finally, Arete Research set a $450.00 price objective on shares of SpaceX in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’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 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. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Up 1.1%

Shares of NASDAQ SPCX opened at $148.58 on Wednesday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company’s 50 day simple moving average is $149.43.

SpaceX (NASDAQ:SPCX) last posted its quarterly 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 business had revenue of $14.57 billion for the quarter. During the same period last year, the firm posted ($0.36) EPS. The firm’s revenue for the quarter was up 161.4% on a year-over-year basis. As a group, sell-side analysts predict that SpaceX will post 0.13 EPS for the current fiscal year.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth support the stock. SpaceX reported $14.58 billion in third-quarter revenue, up 161% year over year, and $0.35 in EPS versus expectations of $0.10. Its AI-related “Super Intelligence” segment generated approximately $7.56 billion, more than half of total revenue. Is SpaceX Stock a Buy After Its Latest Earnings Report?
• Positive Sentiment: Analyst optimism increased. Bernstein raised its SpaceX price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure expansion and the longer-term possibility of orbital data centers. SpaceX stock rises, why analysts see more upside for the stock
• Positive Sentiment: Starlink continues adding commercial customers. An agreement to provide Starlink internet on easyJet flights reinforces the satellite network’s growth and monetization potential. SpaceX Stock Rises on Plans to Add Starlink Internet to easyJet Flights
• Neutral Sentiment: SpaceX secured approximately $40 billion in GPU financing through an Apollo-managed arrangement to acquire Nvidia chips and data-center equipment, with leases expected to begin in 2027. The funding accelerates AI capacity but adds significant long-term obligations. SpaceX locks in $40B GPU financing deal with Apollo
• Neutral Sentiment: Speculation over a potential Tesla-SpaceX combination remains a major valuation catalyst, but no transaction has been confirmed and independent committees are reviewing the idea. A merger could create operating synergies while also raising concerns about pricing, dilution and shareholder alignment. Elon Musk Reveals the Real Reason He Hasn’t Confirmed a SpaceX-Tesla Merger Will Happen
• Negative Sentiment: Financing and valuation risks remain elevated. SpaceX has filed a $3.42 billion shelf registration covering up to 23.6 million Class A shares, creating potential dilution. Analysts also question whether its heavy AI capital spending and valuation—reported at more than 60 times trailing sales—can be justified by future returns. Has Space Exploration Technologies Become Fully Valued Following Its Shelf Filing?
• Negative Sentiment: Legal and competitive concerns add uncertainty. Louisiana residents sued to unwind a SpaceX tax agreement, alleging violations of open-meeting requirements. Separately, Verizon executives estimate that competing directly in terrestrial wireless could require years and as much as $500 billion in infrastructure investment. Louisiana residents sue to unwind SpaceX tax deal

SpaceX 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.