SpaceX $SPCX Stock: Convergence Financial LLC Grows Stake

Convergence Financial LLC boosted its holdings in shares of SpaceX (NASDAQ:SPCX) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,285 shares of the company’s stock after buying an additional 3,545 shares during the quarter. Convergence Financial LLC’s holdings in SpaceX were worth $4,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Viking Fund Management LLC purchased a new stake in SpaceX during the 3rd quarter valued at approximately $1,358,000. Diversify Advisory Services LLC lifted its holdings in shares of SpaceX by 34.0% in the third quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock worth $7,205,000 after buying an additional 12,292 shares in the last quarter. Wedbush Securities Inc. bought a new position in shares of SpaceX during the second quarter worth $5,094,000. Avior Wealth Management LLC purchased a new position in SpaceX during the third quarter valued at $2,934,000. Finally, Apella Capital LLC increased its holdings in SpaceX by 218.2% in the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after acquiring an additional 5,777 shares during the last quarter.

SpaceX Price Performance

NASDAQ:SPCX opened at $145.23 on Thursday. The company has a market cap of $1.91 trillion and a price-to-earnings ratio of 558.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The company has a 50 day moving average of $149.46. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last released 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. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. 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 for the quarter was up 161.4% compared to the same quarter last year. As a group, analysts expect that SpaceX will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, the chief operating officer 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several research analysts have commented on SPCX shares. Pivotal Research increased their price objective on shares of SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Bank of America lifted their target price on SpaceX from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Weiss Ratings initiated coverage on SpaceX in a research note on Tuesday, September 1st. They issued a “sell (d)” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $245.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. Finally, Guggenheim initiated coverage on SpaceX in a report on Friday, August 7th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and an average target price of $244.97.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI business is becoming SpaceX’s main growth driver. Elon Musk said the company’s “Super Intelligence” division is now larger than its other segments, generating approximately $7.56 billion of third-quarter revenue. Analysts and bullish commentary suggest rapid AI-infrastructure growth could support substantially higher revenue and share prices over the next several years. Elon Musk Says SpaceX Is Now a Super Intelligence Company
• Positive Sentiment: Quarterly results and Starlink momentum remain strong. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, while Starlink added 1.6 million customers and increased average revenue per user. These results reinforce the company’s operating-growth story. SpaceX’s Starlink Just Added 1.6 Million Customers
• Positive Sentiment: Analyst support is providing an upside counterweight. Bernstein raised its price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure and potential orbital data centers. Bank of America also added SpaceX to its list of favored U.S. stocks. SpaceX Stock Rises as Analysts See More Upside
• Neutral Sentiment: Potential wireless expansion and a Tesla merger remain speculative. Musk says SpaceX could build a wireless carrier within two to three years, while Tesla and SpaceX committees are examining a possible merger. Neither development has been finalized, and both could require significant capital or create governance concerns. Elon Musk Says He Can Build a Wireless Carrier
• Negative Sentiment: Investors are concerned about the cost of the AI build-out. SpaceX committed to roughly $40 billion in GPU financing, while a large majority of its reported capital expenditures is directed toward AI. Critics argue that the business has not yet fully paid for this expansion and could face substantial debt and customer-concentration risks, particularly involving Anthropic. SpaceX’s AI Boom Has Yet to Pay for Its Build-Out
• Negative Sentiment: Valuation and IPO volatility are limiting enthusiasm. With a market capitalization near $1.9 trillion and a very high earnings multiple, analysts warn that strong results may already be reflected in the stock. Research on IPOs also highlights the risk of sharp declines during the first year of public trading. A six-week pause in Florida launches and a proposed $3.42 billion share shelf registration add further uncertainty.

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.