United Asset Strategies Inc. Makes New Investment in SpaceX $SPCX

United Asset Strategies Inc. bought a new stake in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 9,498 shares of the company’s stock, valued at approximately $1,433,000.

Other large investors also recently added to or reduced their stakes in the company. Choreo LLC lifted its stake in SpaceX by 7,703.6% in the third quarter. Choreo LLC now owns 914,891 shares of the company’s stock worth $138,003,000 after purchasing an additional 903,167 shares during the last quarter. Interchange Capital Partners LLC bought a new position in shares of SpaceX during the third quarter valued at about $3,403,000. Fonville Wealth Management LLC grew its stake in shares of SpaceX by 3.8% during the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock valued at $410,000 after buying an additional 99 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC bought a new position in shares of SpaceX during the third quarter valued at about $2,773,000. Finally, Armstrong Fleming & Moore Inc increased its holdings in shares of SpaceX by 235.0% in the third quarter. Armstrong Fleming & Moore Inc now owns 4,379 shares of the company’s stock worth $661,000 after buying an additional 3,072 shares during the period.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer directly 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 6.4%

Shares of SpaceX stock opened at $134.72 on Friday. The company has a market cap of $1.83 trillion and a price-to-earnings ratio of 518.15. 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 quick ratio of 3.00 and a current ratio of 3.08. The stock has a fifty day moving average price of $149.56.

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 analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s revenue was up 161.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.36) EPS. As a group, sell-side analysts expect that SpaceX will post 0.13 earnings per share for the current fiscal year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

Analyst Ratings Changes

A number of research firms have recently weighed in on SPCX. DZ Bank began coverage on SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 target price for the company. UBS Group restated an “overweight” rating and set a $300.00 target price on shares of SpaceX in a report on Wednesday, October 21st. The Goldman Sachs Group restated a “buy” rating and set a $245.00 price target on shares of SpaceX in a research report on Wednesday, October 21st. Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, August 7th. Finally, Moffett Nathanson boosted their price objective on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. Four investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $244.97.

About SpaceX

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.