4,973 Shares in SpaceX $SPCX Purchased by Element Pointe Advisors LLC

Element Pointe Advisors LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,973 shares of the company’s stock, valued at approximately $750,000.

Several other institutional investors have also bought and sold shares of SPCX. Guardian Partners Inc. grew its position in SpaceX by 81.7% in the third quarter. Guardian Partners Inc. now owns 20,118 shares of the company’s stock valued at $3,035,000 after acquiring an additional 9,043 shares during the period. Ellis Investment Partners LLC lifted its holdings in shares of SpaceX by 12.6% during the third quarter. Ellis Investment Partners LLC now owns 2,802 shares of the company’s stock valued at $423,000 after acquiring an additional 314 shares during the period. Variant Private Wealth LLC lifted its holdings in shares of SpaceX by 4.7% during the third quarter. Variant Private Wealth LLC now owns 7,477 shares of the company’s stock valued at $1,128,000 after acquiring an additional 336 shares during the period. Sowell Financial Services LLC bought a new position in shares of SpaceX during the third quarter valued at $5,956,000. Finally, Atticus Wealth Management LLC acquired a new stake in shares of SpaceX in the 3rd quarter valued at $378,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

SpaceX Stock Performance

Shares of SPCX stock opened at $159.31 on Thursday. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $2.10 trillion and a PE ratio of -1,770.11. The firm has a 50 day simple moving average of $149.18.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX’s revenue was up 161.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.36) earnings per share. As a group, sell-side analysts predict that SpaceX will post 0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup lifted their price target on shares of SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday. CLSA began coverage on shares of SpaceX in a research report on Monday, September 28th. They issued an “outperform” rating and a $250.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a research note on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of SpaceX in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.08.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief operating officer 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.