SpaceX $SPCX Stock: Snider Financial Group Increases Position

Snider Financial Group lifted its holdings in shares of SpaceX (NASDAQ:SPCX) by 119.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,976 shares of the company’s stock after acquiring an additional 3,800 shares during the period. Snider Financial Group’s holdings in SpaceX were worth $1,052,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SC US Ttgp LTD. acquired a new position in shares of SpaceX during the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX in the second quarter worth approximately $17,335,783,000. K5 Global Advisor LLC purchased a new stake in SpaceX in the 2nd quarter valued at about $6,587,531,000. State Street Corp purchased a new position in SpaceX during the second quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in SpaceX during the second quarter worth $1,366,880,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPCX. Arete Research set a $450.00 price target on shares of SpaceX in a research report on Tuesday, August 11th. Wedbush began coverage on SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective on the stock. KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. KGI Securities cut shares of SpaceX from an “outperform” rating to a “hold” rating in a report on Monday, June 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research report on Friday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and a consensus target price of $221.34.

SpaceX Stock Down 1.7%

NASDAQ:SPCX traded down $2.59 during trading hours on Friday, reaching $146.03. 88,126,147 shares of the company’s stock were exchanged, compared to its average volume of 94,434,504. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.56. The firm’s 50-day moving average is $148.44.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The company’s revenue for the quarter was up 91.9% compared to the same quarter last year. Research analysts forecast that SpaceX will post 0.07 EPS for the current fiscal year.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Company Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.