106,615 SpaceX $SPCX Shares Bought by Brighton Jones LLC

Brighton Jones LLC boosted its holdings in shares of SpaceX (NASDAQ:SPCX) by 1,824.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,458 shares of the company’s stock after buying an additional 106,615 shares during the quarter. Brighton Jones LLC’s holdings in SpaceX were worth $16,965,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Syntax Research Inc. bought a new stake in shares of SpaceX during the 2nd quarter valued at $26,000. Atwood & Palmer Inc. purchased a new stake in shares of SpaceX in the 2nd quarter worth $29,000. PayPay Securities Corp bought a new position in SpaceX in the 2nd quarter worth $30,000. Marquette Asset Management LLC bought a new position in SpaceX in the 2nd quarter worth $32,000. Finally, Hickory Point Bank & Trust purchased a new position in SpaceX during the third quarter valued at $30,000.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of SpaceX stock opened at $134.27 on Friday. The company has a market cap of $1.82 trillion and a P/E ratio of 516.42. 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 business has a fifty day moving average price of $149.18. SpaceX has a fifty-two week low of $104.83 and a fifty-two week 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, beating analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. SpaceX’s revenue was up 161.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.36) earnings per share. Analysts forecast that SpaceX will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPCX shares. Weiss Ratings started coverage on SpaceX in a report on Tuesday, September 1st. They set a “sell (d)” rating for the company. Mizuho set a $205.00 price objective on SpaceX in a research report on Wednesday, October 21st. Wolfe Research reiterated an “outperform” rating and set a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Sanford C. Bernstein set a $267.00 target price on shares of SpaceX in a report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $235.00 target price on shares of SpaceX in a research note on Monday, September 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.60.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

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.