International Assets Investment Management LLC Acquires 31,877 Shares of SpaceX $SPCX

International Assets Investment Management LLC boosted its holdings in shares of SpaceX (NASDAQ:SPCX) by 313.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,054 shares of the company’s stock after buying an additional 31,877 shares during the quarter. International Assets Investment Management LLC’s holdings in SpaceX were worth $6,227,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SPCX. SC US Ttgp LTD. purchased a new stake in shares of SpaceX during the second quarter worth $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX in the second quarter valued at $17,335,783,000. K5 Global Advisor LLC purchased a new position in SpaceX in the second quarter valued at $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in SpaceX during the 3rd quarter worth $4,224,143,000. Finally, Thrive Capital Management LLC acquired a new position in SpaceX during the 2nd quarter worth $3,231,681,000.

Analyst Ratings Changes

SPCX has been the subject of several recent research reports. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their target price on shares of SpaceX from $240.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. William Blair reiterated an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Mizuho set a $205.00 price target on shares of SpaceX in a report on Wednesday, October 21st. Finally, Evercore reissued an “outperform” rating and issued a $275.00 price objective on shares of SpaceX in a research report on Friday, October 16th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $134.27 on Friday. The business’s 50-day simple moving average is $149.18. The stock has a market cap of $1.82 trillion and a P/E ratio of 516.42. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the company posted ($0.36) EPS. The company’s revenue was up 161.4% compared to the same quarter last year. As a group, equities research analysts expect that SpaceX will post 0.19 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred 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 $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about 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

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.