Woodward Diversified Capital LLC Buys 40,249 Shares of SpaceX $SPCX

Woodward Diversified Capital LLC boosted its stake in SpaceX (NASDAQ:SPCX) by 964.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,424 shares of the company’s stock after buying an additional 40,249 shares during the quarter. SpaceX makes up about 2.5% of Woodward Diversified Capital LLC’s holdings, making the stock its 7th biggest position. Woodward Diversified Capital LLC’s holdings in SpaceX were worth $6,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SC US Ttgp LTD. acquired a new stake in shares of SpaceX during the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP purchased a new stake in shares of SpaceX during the second quarter worth $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX during the second quarter worth $6,587,531,000. State Street Corp acquired a new stake in SpaceX during the second quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new stake in SpaceX during the second quarter valued at $1,366,880,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: 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. 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 business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

Insider Buying and Selling 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 shares were 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 of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

SPCX has been the topic of several research reports. Arete Research set a $450.00 target price on SpaceX in a research report on Tuesday, August 11th. Cantor Fitzgerald lifted their price target on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday. Mizuho set a $205.00 price target on SpaceX in a research note on Wednesday. William Blair restated an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. Finally, Weiss Ratings assumed coverage on shares of SpaceX in a research report on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Three investment 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.08.

SpaceX Stock Performance

SPCX opened at $159.31 on Thursday. The company has a market cap of $2.10 trillion and a P/E ratio of -1,770.11. The business’s 50-day moving average is $149.18. 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 quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data 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 company had revenue of $14.57 billion during the quarter. During the same quarter last year, the firm earned ($0.36) earnings per share. The business’s quarterly revenue was up 161.4% compared to the same quarter last year. On average, research analysts predict 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.