SpaceX $SPCX Shares Purchased by Kercheville Advisors LLC

Kercheville Advisors LLC lifted its stake in shares of SpaceX (NASDAQ:SPCX) by 158.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,010 shares of the company’s stock after acquiring an additional 14,120 shares during the period. Kercheville Advisors LLC’s holdings in SpaceX were worth $3,471,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Wolfe Research reissued an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Roth Capital raised SpaceX to a “buy” rating in a research report on Monday, June 22nd. Stifel Nicolaus assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price for the company. Finally, Susquehanna raised their price target on shares of SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.44.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings could provide a catalyst. Analysts reportedly expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors will focus on Starlink cash flow, AI-related revenue, launch activity and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, while other coverage points to upside if Starlink and AI growth justify the company’s ambitious investment program. Bernstein sets SpaceX stock price target
• Positive Sentiment: Starship and Starlink expansion could broaden future revenue. SpaceX is seeking approval for a major increase in Starship launch activity and is pursuing spectrum and direct-to-device opportunities that could make Starlink more competitive in wireless communications. SpaceX plans expanded Starship launches
• Neutral Sentiment: Elon Musk’s proposed stock giveaway generated attention. Musk said he plans to give one SpaceX share to every U.S. child next year, potentially involving roughly $10 billion or more of stock. Details on eligibility, administration and any dilution are not yet clear, limiting the immediate financial significance. Musk SpaceX shares giveaway
• Negative Sentiment: High spending and valuation create downside risk. SpaceX’s AI-computing business is growing but carries significant costs, while analysts are watching whether projected capital expenditures—potentially including an $18.4 billion investment program—will pressure profitability and cash flow. SpaceX earnings and AI spending

SpaceX Trading Up 1.3%

NASDAQ:SPCX traded up $1.93 during mid-day trading on Monday, hitting $147.96. The stock had a trading volume of 73,697,866 shares, compared to its average volume of 100,789,758. 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. The stock has a market capitalization of $1.95 trillion and a PE ratio of -1,644.00. The stock’s 50 day moving average is $148.63.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The firm’s revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts anticipate that SpaceX will post 0.07 earnings per share for the current 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.