SpaceX $SPCX Shares Purchased by StoneX Group Inc.

StoneX Group Inc. lifted its stake in shares of SpaceX (NASDAQ:SPCX) by 62.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,738 shares of the company’s stock after purchasing an additional 26,809 shares during the period. StoneX Group Inc.’s holdings in SpaceX were worth $10,521,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SPCX. Kornitzer Capital Management Inc. KS grew its stake in shares of SpaceX by 127.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 7,602 shares of the company’s stock valued at $1,147,000 after buying an additional 4,265 shares in the last quarter. Axiom Investment Management LLC raised its position in SpaceX by 4,210.5% during the third quarter. Axiom Investment Management LLC now owns 819 shares of the company’s stock worth $124,000 after acquiring an additional 800 shares in the last quarter. Pictet Asset Management Holding SA raised its position in SpaceX by 174.3% during the third quarter. Pictet Asset Management Holding SA now owns 436,484 shares of the company’s stock worth $65,842,000 after acquiring an additional 277,369 shares in the last quarter. Leelyn Smith LLC acquired a new stake in SpaceX in the third quarter valued at $493,000. Finally, Allen Operations LLC lifted its stake in SpaceX by 4.0% in the third quarter. Allen Operations LLC now owns 6,882 shares of the company’s stock valued at $1,038,000 after acquiring an additional 262 shares during the last quarter.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated Tuesday, September 22nd. The shares were 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 owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. William Blair reiterated an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. HSBC reiterated a “hold” rating 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 research report on Friday, August 7th. Finally, Mizuho set a $205.00 price objective on SpaceX in a research note on Wednesday, October 21st. Four research 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

SpaceX News Summary

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

SpaceX Price Performance

Shares of SpaceX stock opened at $134.27 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $149.18. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The firm has a market cap of $1.82 trillion and a P/E ratio of 516.42.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm 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 in the prior year, the firm earned ($0.36) earnings per share. As a group, equities analysts anticipate that SpaceX will post 0.19 earnings per share for the current fiscal year.

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.