4,457 Shares in SpaceX $SPCX Acquired by Bell Bank

Bell Bank bought a new position in SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel reports. The institutional investor bought 4,457 shares of the company’s stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SPCX. James T. Borello RIA lifted its position in SpaceX by 41.4% during the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after purchasing an additional 72 shares during the period. Downshift Financial LLC grew its holdings in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after acquiring an additional 113 shares during the period. Decision Investments Inc. boosted its position in SpaceX by 10.7% in the third quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock worth $218,000 after purchasing an additional 139 shares during the last quarter. Worthington Financial Partners LLC increased its position in shares of SpaceX by 3.0% during the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock valued at $737,000 after purchasing an additional 142 shares during the last quarter. Finally, Syntax Research Inc. purchased a new position in shares of SpaceX in the second quarter worth approximately $26,000.

SpaceX Trading Down 0.1%

Shares of SPCX opened at $147.79 on Wednesday. The stock has a market capitalization of $1.95 trillion and a price-to-earnings ratio of -1,642.11. 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 12-month low of $104.83 and a 12-month high of $225.64. The company’s fifty day moving average is $148.92.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. During the same period in the previous year, the business posted ($0.36) earnings per share. The firm’s quarterly revenue was up 161.4% compared to the same quarter last year. Analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SPCX shares. Canaccord Genuity Group began 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. Mizuho initiated coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price on the stock. Pivotal Research reissued a “buy” rating and set a $230.00 target price on shares of SpaceX in a research note on Monday, October 12th. Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company decreased their target price on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was 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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

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.