SpaceX $SPCX Shares Newly Purchased by Secure Asset Management LLC

Secure Asset Management LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 3,566 shares of the company’s stock, valued at approximately $538,000.

Several other institutional investors have also recently added to or reduced their stakes in SPCX. Viking Fund Management LLC bought a new position in SpaceX in the 3rd quarter valued at $1,358,000. Wedbush Securities Inc. bought a new stake in shares of SpaceX during the second quarter worth $5,094,000. Avior Wealth Management LLC bought a new stake in shares of SpaceX during the third quarter worth $2,934,000. Apella Capital LLC grew its holdings in shares of SpaceX by 218.2% during the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after purchasing an additional 5,777 shares during the last quarter. Finally, Hyperion Asset Management Ltd acquired a new stake in shares of SpaceX in the second quarter valued at $201,137,000.

SpaceX Stock Performance

Shares of SPCX opened at $147.79 on Wednesday. The company has a fifty day moving average price of $148.92. The company has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,642.11. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. 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 (NASDAQ:SPCX) last released its 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. During the same period in the prior year, the firm posted ($0.36) EPS. The firm’s revenue was up 161.4% compared to the same quarter last year. As a group, research analysts forecast that SpaceX will post 0.07 EPS for the current year.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPCX. Wells Fargo & Company cut their price target on SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. HSBC assumed coverage on shares of SpaceX in a report on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective on the stock. Wedbush initiated coverage on shares of SpaceX in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price objective for the company. Barclays started coverage on shares of SpaceX in a research report on Friday, October 9th. They issued an “overweight” rating and a $254.00 price objective for the company. Finally, Oppenheimer boosted their target price on shares of SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.44.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results beat expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. The company swung from a $0.36 loss per share a year earlier to approximately $4.4 billion in net income. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI has become the primary growth engine. Super Intelligence revenue reached $7.56 billion, compared with $813 million a year earlier, and represented more than half of company income. Big-tech demand for SpaceX’s data-center and computing capacity is reinforcing the broader AI investment theme. SpaceX’s AI business is beating expectations
• Positive Sentiment: Management signaled substantial additional capacity growth. CEO Elon Musk said SpaceX expects to add at least 10 gigawatts of AI compute capacity in 2027. Starlink also continued to expand, reaching 13.6 million consumer subscribers, while connectivity revenue rose 69% to $5.25 billion. CEO Elon Musk Just Gave SpaceX Investors Great News
• Positive Sentiment: A possible Tesla combination gained credibility. SpaceX and Tesla each formed independent special committees to review a potential merger. No transaction is certain, but the development may support expectations for broader AI, robotics and infrastructure synergies. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: SpaceX and Tesla’s proposed “Terafab” is targeting volume chip production in 2028, potentially supporting long-term AI infrastructure ambitions but adding execution risk. SpaceX and Tesla’s Terafab targets 2028
• Negative Sentiment: Capital requirements remain the key concern. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Investors must determine whether future computing revenue can justify the spending and potential financing needs.
• Negative Sentiment: Starlink subscriber growth was below expectations, and more than one billion shares may become eligible for sale following the lockup expiration, creating a potential source of supply and volatility. A massive SpaceX stock lockup expiration is coming

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.