SpaceX $SPCX Stock: Powell Investment Advisors LLC Increases Holdings

Powell Investment Advisors LLC grew its position in SpaceX (NASDAQ:SPCX) by 395.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,971 shares of the company’s stock after purchasing an additional 5,563 shares during the quarter. Powell Investment Advisors LLC’s holdings in SpaceX were worth $1,052,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SPCX shares. HSBC restated a “hold” rating on shares of SpaceX in a research note on Wednesday. Susquehanna lifted their price target on SpaceX from $173.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday. Moffett Nathanson lifted their price target on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a report on Wednesday. Finally, Cantor Fitzgerald upped their price objective on SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three 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 company’s stock. According to MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.19.

SpaceX Price Performance

NASDAQ:SPCX opened at $144.75 on Friday. The stock’s 50 day simple moving average is $149.25. 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 has a one year low of $104.83 and a one year high of $225.64. The firm has a market cap of $1.91 trillion and a P/E ratio of -1,608.33.

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 the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. During the same period in the prior year, the business posted ($0.36) EPS. The business’s revenue for the quarter was up 161.4% on a year-over-year basis. Equities research analysts expect that SpaceX will post 0.07 EPS for the current year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction 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 transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

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.