SpaceX $SPCX Stock: Sepio Capital LP Grows Position

Sepio Capital LP raised its position in shares of SpaceX (NASDAQ:SPCX) by 87.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,811 shares of the company’s stock after purchasing an additional 4,569 shares during the quarter. Sepio Capital LP’s holdings in SpaceX were worth $1,480,000 as of its most recent SEC filing.

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

SpaceX News Roundup

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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of SpaceX from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday. Susquehanna boosted their price target on shares of SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday. Seaport Research Partners cut SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Raymond James Financial restated a “strong-buy” rating on shares of SpaceX in a report on Wednesday, October 14th. Finally, Citigroup lifted their price objective on SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.19.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of SPCX stock opened at $144.75 on Friday. The business’s 50 day simple moving average is $149.25. 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 cap of $1.91 trillion and a price-to-earnings ratio of -1,608.33.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 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 quarter in the previous year, the business earned ($0.36) earnings per share. The firm’s revenue was up 161.4% compared to the same quarter last year. As a group, sell-side analysts forecast that SpaceX will post 0.07 EPS for the current year.

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.