3,489 SpaceX $SPCX Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its holdings in SpaceX (NASDAQ:SPCX) by 78.2% in the third quarter, Holdings Channel.com reports. The firm owned 7,950 shares of the company’s stock after purchasing an additional 3,489 shares during the period. Verdence Capital Advisors LLC’s holdings in SpaceX were worth $1,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Viking Fund Management LLC purchased a new position in SpaceX during the third quarter valued at approximately $1,358,000. Diversify Advisory Services LLC increased its stake in SpaceX by 34.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock valued at $7,205,000 after buying an additional 12,292 shares during the period. Wedbush Securities Inc. acquired a new position in SpaceX in the 2nd quarter valued at approximately $5,094,000. Avior Wealth Management LLC purchased a new stake in SpaceX in the 3rd quarter worth approximately $2,934,000. Finally, Apella Capital LLC lifted its position in SpaceX by 218.2% in the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after buying an additional 5,777 shares in the last quarter.

SpaceX Stock Performance

Shares of NASDAQ SPCX opened at $145.23 on Thursday. The firm’s 50-day moving average is $149.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a market cap of $1.91 trillion and a price-to-earnings ratio of 558.58.

SpaceX (NASDAQ:SPCX) last posted its earnings results 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 during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.36) earnings per share. As a group, equities research analysts forecast that SpaceX will post 0.13 earnings per share for the current year.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI business is becoming SpaceX’s main growth driver. Elon Musk said the company’s “Super Intelligence” division is now larger than its other segments, generating approximately $7.56 billion of third-quarter revenue. Analysts and bullish commentary suggest rapid AI-infrastructure growth could support substantially higher revenue and share prices over the next several years. Elon Musk Says SpaceX Is Now a Super Intelligence Company
• Positive Sentiment: Quarterly results and Starlink momentum remain strong. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, while Starlink added 1.6 million customers and increased average revenue per user. These results reinforce the company’s operating-growth story. SpaceX’s Starlink Just Added 1.6 Million Customers
• Positive Sentiment: Analyst support is providing an upside counterweight. Bernstein raised its price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure and potential orbital data centers. Bank of America also added SpaceX to its list of favored U.S. stocks. SpaceX Stock Rises as Analysts See More Upside
• Neutral Sentiment: Potential wireless expansion and a Tesla merger remain speculative. Musk says SpaceX could build a wireless carrier within two to three years, while Tesla and SpaceX committees are examining a possible merger. Neither development has been finalized, and both could require significant capital or create governance concerns. Elon Musk Says He Can Build a Wireless Carrier
• Negative Sentiment: Investors are concerned about the cost of the AI build-out. SpaceX committed to roughly $40 billion in GPU financing, while a large majority of its reported capital expenditures is directed toward AI. Critics argue that the business has not yet fully paid for this expansion and could face substantial debt and customer-concentration risks, particularly involving Anthropic. SpaceX’s AI Boom Has Yet to Pay for Its Build-Out
• Negative Sentiment: Valuation and IPO volatility are limiting enthusiasm. With a market capitalization near $1.9 trillion and a very high earnings multiple, analysts warn that strong results may already be reflected in the stock. Research on IPOs also highlights the risk of sharp declines during the first year of public trading. A six-week pause in Florida launches and a proposed $3.42 billion share shelf registration add further uncertainty.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group reissued an “overweight” rating and set a $300.00 target price on shares of SpaceX in a research note on Wednesday, October 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a research note on Monday, October 19th. HSBC reiterated a “hold” rating on shares of SpaceX in a report on Wednesday, October 21st. Canaccord Genuity Group started coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective for the company. Finally, TD Cowen lifted their price objective on SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.97.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred 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 transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.