Mirae Asset Global Investments Co. Ltd. Makes New Investment in SpaceX $SPCX

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,000,419 shares of the company’s stock, valued at approximately $4,224,143,000. SpaceX accounts for about 7.5% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its biggest holding. Mirae Asset Global Investments Co. Ltd. owned 0.21% of SpaceX as of its most recent filing with the Securities & Exchange Commission.

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

Key Headlines 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 Trading Down 6.4%

NASDAQ SPCX opened at $134.72 on Friday. The business has a 50-day moving average of $149.56. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.83 trillion and a PE ratio of 518.15. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

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

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $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.

Analyst Ratings Changes

Several brokerages have issued reports on SPCX. JPMorgan Chase & Co. raised their price objective on shares of SpaceX from $240.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Guggenheim assumed coverage on SpaceX in a research report on Friday, August 7th. They set a “buy” rating for the company. Mizuho set a $205.00 target price on SpaceX in a research note on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 price target on SpaceX in a report on Monday, October 26th. Finally, Stifel Nicolaus started coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $244.97.

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.