3,566 Shares in SpaceX $SPCX Bought by Secure Asset Management LLC

Secure Asset Management LLC acquired a new stake in SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,566 shares of the company’s stock, valued at approximately $538,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Syntax Research Inc. bought a new position in SpaceX in the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp bought a new stake in shares of SpaceX during the 2nd quarter valued at $30,000. Marquette Asset Management LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $32,000. Finally, Hickory Point Bank & Trust acquired a new position in shares of SpaceX in the 3rd quarter valued at $30,000.

Analyst Ratings Changes

Several research firms have recently issued reports on SPCX. Guggenheim began coverage on SpaceX in a research report on Friday, August 7th. They issued a “buy” rating on the stock. Wells Fargo & Company decreased their price objective on SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Piper Sandler dropped their price objective on SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating on shares of SpaceX in a research note on Tuesday, September 29th. Finally, CLSA started coverage on SpaceX in a report on Monday, September 28th. They set an “outperform” rating and a $250.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and an average price target of $221.44.

SpaceX Price Performance

SPCX opened at $147.79 on Wednesday. The firm has a market cap of $1.95 trillion and a P/E ratio of -1,642.11. The firm has a 50-day moving average price of $148.92. SpaceX has a 1 year low of $104.83 and a 1 year 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 posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 company earned ($0.36) earnings per share. SpaceX’s revenue for the quarter was up 161.4% compared to the same quarter last year. Sell-side analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SpaceX 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 transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

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 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.