16,269 Shares in SpaceX $SPCX Purchased by Valen Private Capital LLC

Valen Private Capital LLC acquired a new stake in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,269 shares of the company’s stock, valued at approximately $2,454,000. SpaceX accounts for 0.8% of Valen Private Capital LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Anderson Hoagland & Co. purchased a new stake in shares of SpaceX in the 3rd quarter valued at $3,637,000. Simplicity Wealth LLC raised its holdings in shares of SpaceX by 201.8% during the third quarter. Simplicity Wealth LLC now owns 19,350 shares of the company’s stock worth $2,919,000 after purchasing an additional 12,939 shares during the last quarter. Mountain Hill Investment Partners Corp. raised its holdings in shares of SpaceX by 4,477.5% during the third quarter. Mountain Hill Investment Partners Corp. now owns 27,465 shares of the company’s stock worth $4,143,000 after purchasing an additional 26,865 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of SpaceX during the third quarter worth $5,956,000. Finally, Ascent Wealth Partners LLC lifted its position in SpaceX by 72.0% during the third quarter. Ascent Wealth Partners LLC now owns 2,968 shares of the company’s stock valued at $448,000 after purchasing an additional 1,242 shares during the period.

Insider Buying and Selling

In other SpaceX 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 value of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

NASDAQ:SPCX opened at $147.49 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock has a market cap of $1.94 trillion and a price-to-earnings ratio of -1,638.78. The company’s 50 day moving average price is $149.40. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

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 firm had revenue of $14.57 billion during the quarter. During the same period in the prior year, the company posted ($0.36) EPS. SpaceX’s revenue for the quarter was up 161.4% on a year-over-year basis. On average, sell-side analysts anticipate that SpaceX will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on SPCX shares. Phillip Securities raised shares of SpaceX from a “strong sell” rating to a “strong-buy” rating in a report on Friday. Wedbush began coverage on SpaceX in a research note on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $245.00 price objective on shares of SpaceX in a research note on Wednesday. Piper Sandler reissued a “neutral” rating on shares of SpaceX in a report on Wednesday. Finally, Clear Str upgraded SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.19.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

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.