SpaceX $SPCX Stock Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its stake in SpaceX (NASDAQ:SPCX) by 1,245.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 418,672 shares of the company’s stock after buying an additional 387,552 shares during the quarter. Rakuten Investment Management Inc.’s holdings in SpaceX were worth $62,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SPCX. Parr Mcknight Wealth Management Group LLC purchased a new position in SpaceX during the 3rd quarter valued at about $206,000. Third View Private Wealth LLC lifted its position in shares of SpaceX by 106.9% during the 3rd quarter. Third View Private Wealth LLC now owns 26,760 shares of the company’s stock worth $4,037,000 after purchasing an additional 13,829 shares during the last quarter. Provenance Wealth Advisors LLC boosted its position in shares of SpaceX by 49,371.4% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 13,852 shares of the company’s stock worth $2,090,000 after acquiring an additional 13,824 shares in the last quarter. RFG Holdings Inc. increased its stake in SpaceX by 6.6% in the third quarter. RFG Holdings Inc. now owns 2,153 shares of the company’s stock valued at $325,000 after purchasing an additional 133 shares during the last quarter. Finally, TT International Asset Management LTD purchased a new position in shares of SpaceX in the 3rd quarter valued at $377,000.

SpaceX Stock Performance

SpaceX stock opened at $141.31 on Wednesday. The business’s fifty day moving average is $149.68. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The stock has a market capitalization of $1.92 trillion and a P/E ratio of 543.50. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company had revenue of $14.57 billion for the quarter. During the same quarter last year, the company posted ($0.36) earnings per share. SpaceX’s revenue for the quarter was up 161.4% on a year-over-year basis. On average, analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction 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. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several research firms have commented on SPCX. CLSA started coverage on SpaceX in a research report on Monday, September 28th. They set an “outperform” rating and a $250.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Canaccord Genuity Group assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective for the company. TD Cowen raised their price objective on shares of SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of SpaceX in a research report on Monday, October 19th. Four research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.97.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported a strong third quarter: revenue rose 161% year over year to $14.58 billion and earnings beat estimates. Its AI-related Super Intelligence business grew rapidly, while Starlink added 1.6 million subscribers. The results support the company’s growth story. SpaceX Q3 earnings call highlights
• Positive Sentiment: Reported talks to buy Boost Mobile or access its network have raised hopes SpaceX could pair Starlink coverage with an existing customer base and expand into wireless. A deal could accelerate market entry, though it remains uncertain. SpaceX Starlink’s telecom ground game takes shape
• Neutral Sentiment: SpaceX objected to a proposed OKXICE listing of third-party tokenized shares. The move could restrict a new avenue for trading exposure to SpaceX, but the reports do not indicate a direct change to the company’s business or financial performance. SpaceX blocks tokenized stock listing on OKXICE
• Negative Sentiment: The AI buildout carries substantial cost: reports say SpaceX raised its fourth-quarter capital-spending forecast to $35 billion–$40 billion and is targeting major computing-capacity expansion. Investors may worry that spending and funding needs will outpace returns, particularly given the company’s ambitious revenue goals. SpaceX raises 2026 capex forecast as AI compute demand surges
• Negative Sentiment: The Boost Mobile strategy is not assured: the business relies on network leases from incumbent carriers, which could complicate a transfer or limit SpaceX’s ability to compete. A potential Anthropic IPO may also draw investor money and attention away from SpaceX’s AI ambitions. SpaceX could be biggest loser from successful Anthropic IPO

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.