SpaceX $SPCX Stock Position Increased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in SpaceX (NASDAQ:SPCX) by 174.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 436,484 shares of the company’s stock after acquiring an additional 277,369 shares during the period. Pictet Asset Management Holding SA’s holdings in SpaceX were worth $65,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SC US Ttgp LTD. purchased a new position in shares of SpaceX in the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX during the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth about $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SpaceX during the 3rd quarter worth about $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new stake in SpaceX in the 2nd quarter valued at about $3,231,681,000.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: CEO Elon Musk said SpaceX’s annual recurring revenue could reach $100 billion this December and that exceeding $500 billion in December 2027 is his best estimate. The ambitious forecast strengthens the company’s growth narrative, though it depends on substantial expansion. Article
• Positive Sentiment: Stifel reiterated its Buy rating and $190 price target, citing potential growth opportunities, including data-center projects. The analyst endorsement helped reinforce investor confidence. Article
• Positive Sentiment: SpaceX is advancing plans for a roughly $24 billion gas-fired power plant and supercomputing facility in Starbase, potentially supporting its AI infrastructure ambitions. Separately, reports of a major Anthropic computing agreement and Google spending on SpaceX infrastructure point to possible demand for its compute capacity. Article
• Positive Sentiment: SpaceX’s Qualcomm partnership and planned Starlink Mobile deployment starting in 2027 could extend its business into nationwide 5G connectivity. Article
• Neutral Sentiment: NASA’s proposed $10 billion lunar-contract framework creates an opportunity for SpaceX, including a planned 2028 Starship mission, but the broader contracts are competitive rather than guaranteed awards. Article
• Neutral Sentiment: A first attempt to catch both Starship and its booster during Flight 15 could showcase progress in reusability, but the outcome remains uncertain. Article
• Negative Sentiment: Texas Gov.-elect Gina Hinojosa urged the state to pause action on land near Starbase, creating potential uncertainty around SpaceX’s local expansion plans. Investors are also watching whether political opposition could slow data-center development. Article

SpaceX Price Performance

Shares of NASDAQ:SPCX opened at $142.07 on Tuesday. The stock’s fifty day moving average is $149.19. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The firm has a market cap of $1.93 trillion and a price-to-earnings ratio of 546.42.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company had revenue of $14.57 billion during the quarter. During the same quarter in the prior year, the company earned ($0.36) EPS. The business’s revenue was up 161.4% on a year-over-year basis. On average, sell-side analysts anticipate that SpaceX will post 0.19 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings began coverage on shares of SpaceX in a research report on Tuesday, September 1st. They issued a “sell (d)” rating on the stock. Arete Research set a $450.00 price target on shares of SpaceX in a research report on Tuesday, August 11th. Susquehanna boosted their price target on shares of SpaceX from $173.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. Finally, Evercore reiterated an “outperform” rating and issued a $275.00 target price on shares of SpaceX in a report on Friday, October 16th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.60.

SpaceX Company 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.