174,123 SpaceX $SPCX Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of SpaceX (NASDAQ:SPCX) by 1,698.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 184,373 shares of the company’s stock after buying an additional 174,123 shares during the quarter. Vise Technologies Inc.’s holdings in SpaceX were worth $27,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPCX. Syntax Research Inc. bought a new stake in shares of SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the 2nd quarter worth about $29,000. PayPay Securities Corp purchased a new position in SpaceX during the 2nd quarter valued at $30,000. Marquette Asset Management LLC purchased a new position in SpaceX in the 2nd quarter worth about $32,000. Finally, Hickory Point Bank & Trust bought a new position in SpaceX in the third quarter worth approximately $30,000.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

NASDAQ SPCX opened at $134.72 on Friday. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The stock has a market cap of $1.83 trillion and a P/E ratio of 518.15. The firm has a fifty day moving average of $149.56.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm had revenue of $14.57 billion for the quarter. During the same period in the prior year, the business earned ($0.36) EPS. The business’s quarterly revenue was up 161.4% compared to the same quarter last year. As a group, sell-side analysts forecast that SpaceX will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on SPCX shares. Arete Research set a $450.00 price target on SpaceX in a research report on Tuesday, August 11th. Erste Group Bank started coverage on SpaceX in a report on Thursday, October 8th. They issued a “hold” rating on the stock. Weiss Ratings started coverage on shares of SpaceX in a research report on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Guggenheim began coverage on SpaceX in a report on Friday, August 7th. They issued a “buy” rating for the company. Finally, Mizuho set a $205.00 price objective on SpaceX in a report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, SpaceX has an average rating of “Moderate Buy” and an average price target of $244.97.

Trending Headlines about 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 Company 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.