903,167 SpaceX $SPCX Shares Bought by Choreo LLC

Choreo LLC grew its holdings in shares of SpaceX (NASDAQ:SPCX) by 7,703.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 914,891 shares of the company’s stock after purchasing an additional 903,167 shares during the period. SpaceX makes up 1.4% of Choreo LLC’s portfolio, making the stock its 15th biggest holding. Choreo LLC’s holdings in SpaceX were worth $138,003,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SC US Ttgp LTD. bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP acquired a new stake in SpaceX during the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX during the second quarter worth approximately $6,587,531,000. Thrive Capital Management LLC bought a new stake in SpaceX during the second quarter worth approximately $3,231,681,000. Finally, State Street Corp acquired a new position in SpaceX in the second quarter worth approximately $1,858,329,000.

Insider Activity at SpaceX

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 value 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 approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on SPCX shares. UBS Group reiterated an “overweight” rating and issued a $300.00 price target on shares of SpaceX in a research report on Wednesday, October 21st. Stifel Nicolaus initiated coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective on the stock. Daiwa Securities Group started coverage on shares of SpaceX in a research note on Thursday, July 2nd. They set a “neutral” rating and a $175.00 price objective for the company. Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a report on Tuesday, July 7th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $244.97.

SpaceX Stock Down 0.9%

SpaceX stock opened at $143.89 on Friday. The firm’s fifty day moving average is $149.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a market cap of $1.90 trillion and a PE ratio of 553.42.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. The business 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%. SpaceX’s revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.36) earnings per share. On average, equities research analysts expect that SpaceX will post 0.13 earnings per share for the current fiscal year.

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.