4,033 Shares in SpaceX $SPCX Bought by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC bought a new position in SpaceX (NASDAQ:SPCX) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 4,033 shares of the company’s stock, valued at approximately $608,000.

A number of other large investors have also added to or reduced their stakes in SPCX. SC US Ttgp LTD. purchased a new stake in SpaceX during the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp purchased a new position in shares of SpaceX in the 2nd quarter worth $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of SpaceX in the 2nd quarter worth $1,366,880,000.

SpaceX Stock Performance

NASDAQ:SPCX opened at $144.75 on Friday. 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’s 50-day moving average is $149.25. The company has a market capitalization of $1.91 trillion and a price-to-earnings ratio of -1,608.33. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. During the same quarter in the prior year, the business earned ($0.36) earnings per share. The firm’s revenue for the quarter was up 161.4% on a year-over-year basis. Equities analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Wednesday. JPMorgan Chase & Co. increased their target price on SpaceX from $240.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday. William Blair reissued an “outperform” rating on shares of SpaceX in a research report on Friday, October 9th. Barclays raised their target price on SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Mizuho set a $205.00 price target on SpaceX in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, SpaceX has an average rating of “Moderate Buy” and a consensus price target of $244.19.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

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.