16,269 Shares in SpaceX $SPCX Purchased by Valen Private Capital LLC

Valen Private Capital LLC acquired a new stake in SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,269 shares of the company’s stock, valued at approximately $2,454,000. SpaceX accounts for approximately 0.8% of Valen Private Capital LLC’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. James T. Borello RIA raised its stake in shares of SpaceX by 41.4% during the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after buying an additional 72 shares during the period. Downshift Financial LLC lifted its position in shares of SpaceX by 25.7% during the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after buying an additional 113 shares in the last quarter. Barrett & Company Inc. grew its stake in SpaceX by 62.5% in the 3rd quarter. Barrett & Company Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 125 shares during the period. Trifecta Capital Advisors LLC grew its stake in SpaceX by 112.5% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock valued at $36,000 after acquiring an additional 126 shares during the period. Finally, Decision Investments Inc. increased its holdings in SpaceX by 10.7% in the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock worth $218,000 after acquiring an additional 139 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPCX. Evercore restated an “outperform” rating and set a $275.00 price objective on shares of SpaceX in a research report on Friday, October 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a report on Monday, October 19th. TD Cowen lifted their target price on shares of SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research report on Wednesday. DZ Bank began coverage on shares of SpaceX in a research note on Friday, August 21st. They set a “sell” rating and a $100.00 target price for the company. Finally, The Goldman Sachs Group restated a “buy” rating and set a $245.00 price target on shares of SpaceX in a research report on Wednesday. Four equities 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.19.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

SpaceX Stock Performance

Shares of SPCX opened at $147.49 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a one year low of $104.83 and a one year high of $225.64. The stock has a market capitalization of $1.94 trillion and a PE ratio of -1,638.78. The stock’s 50 day moving average price is $149.40.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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. The business’s revenue was up 161.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.36) earnings per share. On average, analysts predict that SpaceX will post 0.13 earnings per share for the current year.

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.