SpaceX $SPCX Stock Holdings Increased by Verus Capital Partners LLC

Verus Capital Partners LLC increased its stake in shares of SpaceX (NASDAQ:SPCX) by 246.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,737 shares of the company’s stock after acquiring an additional 15,456 shares during the quarter. Verus Capital Partners LLC’s holdings in SpaceX were worth $3,279,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Viking Fund Management LLC acquired a new position in shares of SpaceX in the third quarter valued at approximately $1,358,000. Diversify Advisory Services LLC lifted its holdings in SpaceX by 34.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock worth $7,205,000 after purchasing an additional 12,292 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in SpaceX during the 3rd quarter worth approximately $2,934,000. Wedbush Securities Inc. acquired a new stake in SpaceX during the 2nd quarter worth approximately $5,094,000. Finally, Apella Capital LLC boosted its stake in SpaceX by 218.2% in the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after purchasing an additional 5,777 shares during the period.

Insider Transactions at SpaceX

In other SpaceX 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 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 $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

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 Stock Up 8.6%

SPCX stock opened at $134.27 on Friday. The firm has a 50-day moving average price of $149.18. The company has a market cap of $1.82 trillion and a price-to-earnings ratio of 516.42. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The company 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 business’s revenue was up 161.4% on a year-over-year basis. During the same period last year, the company posted ($0.36) EPS. Equities analysts predict that SpaceX will post 0.19 EPS for the current year.

Analyst Ratings Changes

SPCX has been the topic of a number of research reports. Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Oppenheimer lifted their target price on SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research report on Wednesday, October 21st. HSBC reissued a “hold” rating on shares of SpaceX in a research report on Wednesday, October 21st. Finally, Moffett Nathanson upped their price target on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.60.

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.