4,457 Shares of SpaceX $SPCX Acquired by Bell Bank

Bell Bank bought a new position in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,457 shares of the company’s stock, valued at approximately $672,000.

Other hedge funds have also bought and sold shares of the company. SC US Ttgp LTD. bought a new position in SpaceX during the second quarter valued at about $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX in the 2nd quarter valued at about $6,587,531,000. State Street Corp purchased a new position in shares of SpaceX in the second quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of SpaceX during the 2nd quarter valued at approximately $1,366,880,000.

SpaceX Stock Performance

Shares of SpaceX stock opened at $147.79 on Wednesday. The business has a 50 day moving average price of $148.92. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The company has a market capitalization of $1.95 trillion and a PE ratio of -1,642.11.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results 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 business had revenue of $14.57 billion for the quarter. SpaceX’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.36) EPS. As a group, equities research analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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. The trade was a 12.16% decrease in their ownership of the stock. The transaction 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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America started coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $235.00 price objective on the stock. KeyCorp restated a “sector weight” rating on shares of SpaceX in a research report on Wednesday. Erste Group Bank initiated coverage on SpaceX in a research note on Thursday, October 8th. They set a “hold” rating for the company. Weiss Ratings assumed coverage on SpaceX in a report on Tuesday, September 1st. They set a “sell (d)” rating for the company. Finally, Yorkville Ives assumed coverage on shares of SpaceX in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $221.44.

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.