Sowell Financial Services LLC Buys New Holdings in SpaceX $SPCX

Sowell Financial Services LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, Holdings Channel.com reports. The fund bought 39,480 shares of the company’s stock, valued at approximately $5,956,000.

Other large investors have also added to or reduced their stakes in the company. Syntax Research Inc. acquired a new stake in SpaceX during the 2nd quarter valued at $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX in the second quarter valued at $29,000. PayPay Securities Corp bought a new position in shares of SpaceX in the second quarter valued at about $30,000. Marquette Asset Management LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth about $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in shares of SpaceX during the 3rd quarter worth about $30,000.

SpaceX Stock Performance

NASDAQ:SPCX opened at $143.89 on Friday. The company has a market cap of $1.90 trillion and a P/E ratio of 553.42. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $149.55.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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 business had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.36) EPS. Research analysts predict that SpaceX will post 0.13 EPS for the current fiscal year.

Insider Activity at SpaceX

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SPCX shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SpaceX in a research report on Wednesday, October 14th. Pivotal Research lifted their price target on SpaceX from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Oppenheimer boosted their price target on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Friday, August 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.97.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

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.