29,046 Shares of SpaceX $SPCX Bought by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. bought a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,046 shares of the company’s stock, valued at approximately $4,382,000. SpaceX accounts for about 0.8% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 25th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ethic Inc. bought a new position in SpaceX during the third quarter worth about $234,000. Endowment Wealth Management Inc. acquired a new stake in SpaceX during the third quarter valued at approximately $7,919,000. StoneX Group Inc. grew its stake in shares of SpaceX by 62.4% in the 3rd quarter. StoneX Group Inc. now owns 69,738 shares of the company’s stock valued at $10,521,000 after purchasing an additional 26,809 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in shares of SpaceX by 127.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 7,602 shares of the company’s stock valued at $1,147,000 after purchasing an additional 4,265 shares during the period. Finally, Axiom Investment Management LLC grew its stake in shares of SpaceX by 4,210.5% in the 3rd quarter. Axiom Investment Management LLC now owns 819 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the period.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

SpaceX Trading Up 8.6%

Shares of SpaceX stock opened at $134.27 on Friday. 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 company has a market capitalization of $1.82 trillion and a PE ratio of 516.42. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The business’s 50-day moving average price is $149.18.

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. 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 period in the previous year, the business posted ($0.36) EPS. The business’s quarterly revenue was up 161.4% on a year-over-year basis. As a group, equities research analysts predict that SpaceX will post 0.19 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Erste Group Bank assumed coverage on SpaceX in a report on Thursday, October 8th. They issued a “hold” rating for the company. UBS Group reaffirmed an “overweight” rating and issued a $300.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, August 7th. Raymond James Financial reiterated a “strong-buy” rating on shares of SpaceX in a research note on Wednesday, October 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.60.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred 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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. 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.

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.