4,327 Shares in SpaceX $SPCX Bought by Means Investment CO. Inc.

Means Investment CO. Inc. bought a new position in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,327 shares of the company’s stock, valued at approximately $653,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SC US Ttgp LTD. acquired a new position in shares of SpaceX during the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP bought a new stake in shares of SpaceX in the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX in the second quarter valued at $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SpaceX in the third quarter valued at $4,224,143,000. Finally, Thrive Capital Management LLC bought a new position in SpaceX during the second quarter valued at about $3,231,681,000.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $134.27 on Monday. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a market capitalization of $1.82 trillion and a P/E ratio of 516.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. The company’s fifty day moving average is $149.18.

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. As a group, sell-side analysts expect that SpaceX will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SPCX shares. DZ Bank initiated coverage on SpaceX in a report on Friday, August 21st. They set a “sell” rating and a $100.00 target price on the stock. HSBC reissued a “hold” rating on shares of SpaceX in a report on Wednesday, October 21st. Mizuho set a $205.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Pivotal Research lifted their price objective on shares of SpaceX from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, UBS Group reiterated an “overweight” rating and issued a $300.00 target price on shares of SpaceX in a report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.60.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

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.