SpaceX $SPCX Stock Purchased by Steadview Capital Management LLC

Steadview Capital Management LLC boosted its position in shares of SpaceX (NASDAQ:SPCX) by 881.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 467,790 shares of the company’s stock after purchasing an additional 420,125 shares during the quarter. SpaceX comprises 24.3% of Steadview Capital Management LLC’s holdings, making the stock its biggest position. Steadview Capital Management LLC’s holdings in SpaceX were worth $70,571,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Outlook Wealth Advisors LLC bought a new stake in shares of SpaceX during the third quarter worth approximately $224,000. Parcion Private Wealth LLC acquired a new position in SpaceX in the third quarter valued at approximately $33,030,000. Partners Wealth Management LLC bought a new position in SpaceX in the third quarter valued at approximately $1,519,000. Soltis Investment Advisors LLC boosted its stake in SpaceX by 635.7% in the third quarter. Soltis Investment Advisors LLC now owns 44,622 shares of the company’s stock valued at $6,732,000 after acquiring an additional 38,557 shares during the last quarter. Finally, Founders Financial Securities LLC grew its holdings in SpaceX by 84.6% during the 3rd quarter. Founders Financial Securities LLC now owns 7,135 shares of the company’s stock worth $1,076,000 after acquiring an additional 3,269 shares during the period.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

SpaceX Stock Performance

Shares of NASDAQ SPCX opened at $134.72 on Friday. The firm has a market capitalization of $1.83 trillion and a PE ratio of 518.15. The firm’s 50 day moving average price is $149.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The firm’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.36) EPS. Analysts predict that SpaceX will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPCX. Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a research report on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 price target on SpaceX in a research report on Monday. Erste Group Bank assumed coverage on SpaceX in a research note on Thursday, October 8th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 price objective on shares of SpaceX in a report on Monday, September 28th. Finally, Oppenheimer increased their target price on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.97.

Insider Buying and Selling at SpaceX

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

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.