Segment Wealth Management LLC Buys New Stake in SpaceX $SPCX

Segment Wealth Management LLC bought a new stake in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 29,025 shares of the company’s stock, valued at approximately $4,379,000.

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

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 value of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Clear Str upgraded SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Citigroup increased their price target on SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Phillip Securities raised SpaceX from a “strong sell” rating to a “strong-buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $235.00 price objective on shares of SpaceX in a research report on Monday, September 28th. Finally, Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.97.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

SpaceX Stock Down 0.4%

SPCX opened at $146.90 on Tuesday. The firm has a market cap of $1.94 trillion and a P/E ratio of -1,632.22. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The stock’s 50-day moving average is $149.24. 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 (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. The company’s quarterly revenue was up 161.4% on a year-over-year basis. As a group, sell-side analysts expect that SpaceX will post 0.13 earnings per share for the current year.

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.