SpaceX $SPCX Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. raised its position in shares of SpaceX (NASDAQ:SPCX) by 173.6% in the third quarter, Holdings Channel reports. The firm owned 14,886 shares of the company’s stock after buying an additional 9,446 shares during the period. Traynor Capital Management Inc.’s holdings in SpaceX were worth $2,246,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. James T. Borello RIA increased its holdings in SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after buying an additional 72 shares during the last quarter. Oakworth Capital Inc. lifted its stake in SpaceX by 17.8% in the third quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock valued at $73,000 after acquiring an additional 73 shares during the last quarter. Fonville Wealth Management LLC grew its position in SpaceX by 3.8% in the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock worth $410,000 after acquiring an additional 99 shares in the last quarter. Downshift Financial LLC grew its position in SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after acquiring an additional 113 shares in the last quarter. Finally, Balance Wealth Partners LLC increased its stake in shares of SpaceX by 5.7% during the 3rd quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company’s stock worth $341,000 after purchasing an additional 121 shares during the last quarter.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $134.72 on Monday. The firm has a market capitalization of $1.83 trillion and a P/E ratio of 518.15. The company has a 50-day simple moving average of $149.56. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. As a group, equities analysts predict that SpaceX will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. KeyCorp restated a “sector weight” rating on shares of SpaceX in a report on Wednesday, October 21st. Canaccord Genuity Group started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price objective for the company. Evercore reiterated an “outperform” rating and issued a $275.00 price objective on shares of SpaceX in a report on Friday, October 16th. CLSA started coverage on shares of SpaceX in a research report on Monday, September 28th. They set an “outperform” rating and a $250.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price on the stock. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.97.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is reportedly negotiating to buy EchoStar’s Boost Mobile or gain access to its network. The deal could accelerate Starlink’s direct-to-consumer wireless strategy and provide a large existing customer base. SpaceX in talks to buy Boost Mobile or use its network
• Positive Sentiment: SpaceX’s AI and “super intelligence” operations reportedly generated $7.6 billion in third-quarter revenue, up 830% year over year. The company is also expanding Nvidia GPU capacity and targeting substantial additional data-center capacity in 2027, reinforcing the argument that SpaceX is becoming an AI growth company. Can SpaceX Overcome the AI Trade Sell-Off?
• Positive Sentiment: Starlink continues to expand, reaching 13.6 million subscribers, while enterprise and government revenue reportedly increased 91% year over year. Planned Starship commercial payload flights could further increase satellite-launch capacity and revenue. Starlink’s Subscriber Growth Is Explosive
• Neutral Sentiment: Elon Musk revived discussions around a “Terafab” chip-manufacturing project with TSMC. The initiative could support SpaceX’s AI ambitions, but its cost and execution requirements remain unclear. Why Is SPCX Stock Rebounding in Premarket Today?
• Neutral Sentiment: Special committees are exploring a potential SpaceX-Tesla merger. Such a transaction could broaden SpaceX’s strategic opportunities, but it would be highly complex and could involve substantial dilution for shareholders. Barclays Says a SpaceX Merger Is Now a Key Part of the Tesla Bull Case
• Negative Sentiment: Investors are questioning whether orbital data centers can generate acceptable returns. Jim Chanos cited warnings that the infrastructure could cost dramatically more than SpaceX estimates, while Bill Ackman said an AI buildout might require as much as $1 trillion in borrowing. Jim Chanos Warns About Space Data Center Costs
• Negative Sentiment: Nearly 2 billion shares reportedly became eligible for sale in October, creating potential supply pressure, with a larger unlock expected in June 2027. Investors are also concerned about higher borrowing costs tied to SpaceX’s $40 billion GPU financing arrangement. SpaceX Stock Falls as Share Unlocks Hit the Market
• Negative Sentiment: A federal judge allowed the NAACP’s Clean Air Act lawsuit over gas turbines powering SpaceX’s Memphis-area AI data centers to proceed, preserving regulatory, legal and potential cost risks. SpaceX Loses Bid to Toss NAACP Lawsuit

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.