Sumitomo Mitsui DS Asset Management Company Ltd Acquires 9,096 Shares of SpaceX $SPCX

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in SpaceX (NASDAQ:SPCX) by 16.8% in the third quarter, HoldingsChannel.com reports. The firm owned 63,308 shares of the company’s stock after buying an additional 9,096 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in SpaceX were worth $9,551,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ayrshire Capital Management LLC increased its position in shares of SpaceX by 4.1% in the third quarter. Ayrshire Capital Management LLC now owns 7,418 shares of the company’s stock valued at $1,119,000 after buying an additional 289 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of SpaceX by 198.7% during the 3rd quarter. CWA Asset Management Group LLC now owns 56,585 shares of the company’s stock worth $8,536,000 after buying an additional 37,641 shares during the period. CFS Investment Advisory Services LLC purchased a new position in shares of SpaceX during the 3rd quarter valued at approximately $457,000. Cordatus Wealth Management LLC purchased a new position in shares of SpaceX during the 3rd quarter valued at approximately $2,189,000. Finally, Retirement Planning Group LLC grew its stake in SpaceX by 37.6% in the 3rd quarter. Retirement Planning Group LLC now owns 4,855 shares of the company’s stock valued at $732,000 after acquiring an additional 1,326 shares during the period.

Trending Headlines about SpaceX

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 business’s stock in a transaction 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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a 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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Pivotal Research set a $260.00 price target on shares of SpaceX in a report on Wednesday. TD Cowen increased their price objective on shares of SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial reiterated a “strong-buy” rating on shares of SpaceX in a research report on Wednesday, October 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research note on Monday. Finally, Evercore restated an “outperform” rating and set a $275.00 price target on shares of SpaceX in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.08.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $159.31 on Thursday. The firm has a market cap of $2.10 trillion and a P/E ratio of -1,770.11. 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 business’s 50 day moving average price is $149.18. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. The company’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.36) EPS. As a group, research analysts expect that SpaceX will post 0.07 EPS 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.