SpaceX $SPCX Stock: Mountain Hill Investment Partners Corp. Grows Stake

Mountain Hill Investment Partners Corp. increased its position in shares of SpaceX (NASDAQ:SPCX) by 4,477.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,465 shares of the company’s stock after acquiring an additional 26,865 shares during the quarter. SpaceX comprises about 2.3% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 18th largest position. Mountain Hill Investment Partners Corp.’s holdings in SpaceX were worth $4,143,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on SPCX. Mizuho set a $205.00 target price on shares of SpaceX in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of SpaceX in a research report on Wednesday. Stifel Nicolaus started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target for the company. Raymond James Financial restated a “strong-buy” rating on shares of SpaceX in a report on Wednesday, October 14th. Finally, Moffett Nathanson increased their price objective on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and an average price target of $244.19.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

SpaceX Stock Up 1.9%

Shares of SpaceX stock opened at $147.49 on Friday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The business’s fifty day moving average is $149.40. The firm has a market capitalization of $1.94 trillion and a PE ratio of -1,638.78.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. During the same quarter last year, the firm earned ($0.36) earnings per share. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. Analysts expect that SpaceX will post 0.13 EPS for the current fiscal year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.