SpaceX $SPCX Shares Bought by Steadview Capital Management LLC

Steadview Capital Management LLC increased its holdings in shares of SpaceX (NASDAQ:SPCX) by 881.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 467,790 shares of the company’s stock after purchasing an additional 420,125 shares during the period. SpaceX comprises approximately 24.3% of Steadview Capital Management LLC’s holdings, making the stock its largest holding. Steadview Capital Management LLC’s holdings in SpaceX were worth $70,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SPCX. James T. Borello RIA raised its holdings in SpaceX by 41.4% during the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after buying an additional 72 shares during the period. Oakworth Capital Inc. lifted its stake in SpaceX by 17.8% in the third quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock valued at $73,000 after buying an additional 73 shares in the last quarter. Fonville Wealth Management LLC boosted its holdings in shares of SpaceX by 3.8% in the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock valued at $410,000 after buying an additional 99 shares during the period. Downshift Financial LLC boosted its holdings in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after buying an additional 113 shares during the period. Finally, Balance Wealth Partners LLC increased its position in shares of SpaceX by 5.7% during the third quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company’s stock worth $341,000 after acquiring an additional 121 shares in the last quarter.

Wall Street Analyst Weigh In

SPCX has been the topic of a number of research analyst reports. Wolfe Research restated an “outperform” rating and set a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $235.00 target price on shares of SpaceX in a research note on Monday, September 28th. JPMorgan Chase & Co. increased their target price on SpaceX from $240.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Wells Fargo & Company lifted their price target on SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, UBS Group restated an “overweight” rating and issued a $300.00 price target on shares of SpaceX in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.97.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

SpaceX Stock Down 6.4%

Shares of SPCX opened at $134.72 on Friday. The company has a market cap of $1.83 trillion and a PE ratio of 518.15. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The business’s 50 day simple moving average is $149.56. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The company 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 for the quarter was up 161.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.36) earnings per share. On average, sell-side analysts anticipate that SpaceX will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.