5,000 SpaceX $SPCX Shares Purchased by Crystal Rock Capital Management

Crystal Rock Capital Management grew its holdings in shares of SpaceX (NASDAQ:SPCX) by 55.6% in the 3rd quarter, Holdings Channel reports. The fund owned 14,000 shares of the company’s stock after acquiring an additional 5,000 shares during the period. SpaceX accounts for about 1.1% of Crystal Rock Capital Management’s investment portfolio, making the stock its 25th biggest position. Crystal Rock Capital Management’s holdings in SpaceX were worth $2,112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SPCX. Syntax Research Inc. bought a new position in SpaceX during the 2nd quarter valued at $26,000. Atwood & Palmer Inc. acquired a new position in SpaceX during the 2nd quarter worth $29,000. PayPay Securities Corp bought a new stake in shares of SpaceX in the 2nd quarter worth about $30,000. Marquette Asset Management LLC bought a new stake in shares of SpaceX in the 2nd quarter worth about $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in shares of SpaceX in the 3rd quarter valued at about $30,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPCX shares. Stifel Nicolaus assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target on the stock. Pivotal Research upped their price objective on SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a report on Monday, October 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 target price on shares of SpaceX in a research report on Monday, September 28th. Finally, Wall Street Zen upgraded SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.97.

SpaceX Trading Down 0.9%

SPCX opened at $143.89 on Friday. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $149.55. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last posted 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 company had revenue of $14.57 billion during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same period last year, the company posted ($0.36) earnings per share. Equities analysts expect that SpaceX will post 0.13 EPS for the current fiscal year.

Insider Activity

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

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.