4,431 Shares of SpaceX $SPCX Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,431 shares of the company’s stock, valued at approximately $669,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPCX. Calamos Wealth Management LLC acquired a new stake in SpaceX during the 3rd quarter worth approximately $561,000. Alta Advisers Ltd acquired a new position in shares of SpaceX in the third quarter worth $1,372,000. Pekin Hardy Strauss Inc. grew its stake in shares of SpaceX by 41.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 2,016 shares of the company’s stock worth $304,000 after acquiring an additional 591 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of SpaceX by 106.1% during the third quarter. Westside Investment Management Inc. now owns 4,606 shares of the company’s stock worth $708,000 after acquiring an additional 2,371 shares during the period. Finally, Principle Wealth Partners LLC increased its position in shares of SpaceX by 93.0% during the third quarter. Principle Wealth Partners LLC now owns 42,499 shares of the company’s stock worth $6,411,000 after acquiring an additional 20,483 shares during the period.

SpaceX Trading Up 8.6%

Shares of SPCX opened at $134.27 on Friday. The firm has a market cap of $1.82 trillion and a price-to-earnings ratio of 516.42. The firm has a fifty day moving average price of $149.18. SpaceX has a twelve month low of $104.83 and a twelve 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.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.36) EPS. On average, analysts predict that SpaceX will post 0.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPCX. UBS Group reiterated an “overweight” rating and issued a $300.00 target price on shares of SpaceX in a report on Wednesday, October 21st. Seaport Research Partners downgraded SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Guggenheim started coverage on SpaceX in a research report on Friday, August 7th. They issued a “buy” rating on the stock. Cantor Fitzgerald lifted their price objective on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Finally, KeyCorp reissued a “sector weight” rating on shares of SpaceX in a research report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $243.60.

Key SpaceX News

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.