SpaceX $SPCX Stock Position Increased by Choreo LLC

Choreo LLC boosted its position in shares of SpaceX (NASDAQ:SPCX) by 7,703.6% in the third quarter, Holdings Channel reports. The fund owned 914,891 shares of the company’s stock after acquiring an additional 903,167 shares during the period. SpaceX accounts for 1.4% of Choreo LLC’s investment portfolio, making the stock its 15th biggest holding. Choreo LLC’s holdings in SpaceX were worth $138,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. SC US Ttgp LTD. bought a new position in SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP bought a new stake in shares of SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX in the second quarter valued at approximately $6,587,531,000. Thrive Capital Management LLC acquired a new stake in shares of SpaceX in the second quarter worth $3,231,681,000. Finally, State Street Corp bought a new position in SpaceX during the second quarter worth $1,858,329,000.

SpaceX Stock Performance

Shares of SPCX stock opened at $143.89 on Friday. The firm has a fifty day simple moving average of $149.55. The firm has a market cap of $1.90 trillion and a PE ratio of 553.42. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s revenue was up 161.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.36) earnings per share. On average, sell-side analysts predict that SpaceX will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPCX has been the subject of a number of research reports. William Blair reissued an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SpaceX in a research report on Wednesday, October 14th. Pivotal Research increased their target price on shares of SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. TD Cowen lifted their target price on SpaceX from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, Oppenheimer boosted their price target on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer 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 is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

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.