Verdence Capital Advisors LLC Purchases 3,489 Shares of SpaceX $SPCX

Verdence Capital Advisors LLC boosted its position in shares of SpaceX (NASDAQ:SPCX) by 78.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,950 shares of the company’s stock after buying an additional 3,489 shares during the quarter. Verdence Capital Advisors LLC’s holdings in SpaceX were worth $1,199,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. National Wealth Management Group LLC raised its position in SpaceX by 232.2% in the third quarter. National Wealth Management Group LLC now owns 3,986 shares of the company’s stock worth $601,000 after acquiring an additional 2,786 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of SpaceX by 32.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 20,591 shares of the company’s stock valued at $3,106,000 after purchasing an additional 5,024 shares in the last quarter. Deltec Asset Management LLC bought a new position in shares of SpaceX during the 3rd quarter valued at about $9,427,000. Noesis Capital Mangement Corp acquired a new position in shares of SpaceX in the 3rd quarter worth approximately $302,000. Finally, B.O.S.S. Retirement Advisors LLC grew its stake in shares of SpaceX by 24.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,634 shares of the company’s stock worth $699,000 after purchasing an additional 924 shares during the last quarter.

Insider Activity at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a 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: 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 Stock Down 2.3%

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

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.36) EPS. Equities analysts predict that SpaceX will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

SPCX has been the topic of a number of research reports. Moffett Nathanson boosted their target price on shares of SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. TD Cowen raised their target price on shares of SpaceX from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Susquehanna lifted their price target on shares of SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Arete Research set a $450.00 price target on shares of SpaceX in a research report on Tuesday, August 11th. Finally, Barclays upped their price target on SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

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.