SpaceX $SPCX Stock Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC raised its stake in SpaceX (NASDAQ:SPCX) by 653.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,836 shares of the company’s stock after purchasing an additional 16,337 shares during the quarter. Magnus Financial Group LLC’s holdings in SpaceX were worth $2,842,000 at the end of the most recent quarter.

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

SpaceX Stock Performance

NASDAQ SPCX opened at $159.31 on Thursday. The stock has a market cap of $2.10 trillion and a PE ratio of -1,770.11. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The stock has a 50 day simple moving average of $149.18. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the business earned ($0.36) earnings per share. The business’s revenue for the quarter was up 161.4% on a year-over-year basis. Sell-side analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share 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 business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

Analyst Ratings Changes

Several equities research analysts have weighed in on SPCX shares. Wolfe Research reissued an “outperform” rating and set a $175.00 price target on shares of SpaceX in a research report on Wednesday, August 26th. KeyCorp reissued a “sector weight” rating on shares of SpaceX in a report on Wednesday. Piper Sandler restated a “neutral” rating on shares of SpaceX in a research report on Wednesday. Phillip Securities raised shares of SpaceX to a “strong sell” rating and set a $75.00 price objective for the company in a research note on Friday, July 31st. Finally, Stifel Nicolaus started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $243.08.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction 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 sale, the chief operating officer 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 sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX 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.