387,552 SpaceX $SPCX Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its holdings in SpaceX (NASDAQ:SPCX) by 1,245.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 418,672 shares of the company’s stock after buying an additional 387,552 shares during the quarter. Rakuten Investment Management Inc.’s holdings in SpaceX were worth $62,483,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parr Mcknight Wealth Management Group LLC bought a new position in SpaceX in the third quarter worth $206,000. Third View Private Wealth LLC boosted its holdings in shares of SpaceX by 106.9% during the 3rd quarter. Third View Private Wealth LLC now owns 26,760 shares of the company’s stock valued at $4,037,000 after acquiring an additional 13,829 shares during the last quarter. Provenance Wealth Advisors LLC increased its position in shares of SpaceX by 49,371.4% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 13,852 shares of the company’s stock valued at $2,090,000 after purchasing an additional 13,824 shares during the last quarter. RFG Holdings Inc. raised its stake in shares of SpaceX by 6.6% in the third quarter. RFG Holdings Inc. now owns 2,153 shares of the company’s stock worth $325,000 after buying an additional 133 shares during the period. Finally, TT International Asset Management LTD purchased a new position in shares of SpaceX in the third quarter valued at about $377,000.

SpaceX Price Performance

SpaceX stock opened at $141.31 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The firm has a 50 day simple moving average of $149.68. The stock has a market capitalization of $1.92 trillion and a PE ratio of 543.50. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business had revenue of $14.57 billion for the quarter. During the same period 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. On average, equities research analysts anticipate that SpaceX will post 0.19 EPS for the current fiscal year.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported a strong third quarter: revenue rose 161% year over year to $14.58 billion and earnings beat estimates. Its AI-related Super Intelligence business grew rapidly, while Starlink added 1.6 million subscribers. The results support the company’s growth story. SpaceX Q3 earnings call highlights
• Positive Sentiment: Reported talks to buy Boost Mobile or access its network have raised hopes SpaceX could pair Starlink coverage with an existing customer base and expand into wireless. A deal could accelerate market entry, though it remains uncertain. SpaceX Starlink’s telecom ground game takes shape
• Neutral Sentiment: SpaceX objected to a proposed OKXICE listing of third-party tokenized shares. The move could restrict a new avenue for trading exposure to SpaceX, but the reports do not indicate a direct change to the company’s business or financial performance. SpaceX blocks tokenized stock listing on OKXICE
• Negative Sentiment: The AI buildout carries substantial cost: reports say SpaceX raised its fourth-quarter capital-spending forecast to $35 billion–$40 billion and is targeting major computing-capacity expansion. Investors may worry that spending and funding needs will outpace returns, particularly given the company’s ambitious revenue goals. SpaceX raises 2026 capex forecast as AI compute demand surges
• Negative Sentiment: The Boost Mobile strategy is not assured: the business relies on network leases from incumbent carriers, which could complicate a transfer or limit SpaceX’s ability to compete. A potential Anthropic IPO may also draw investor money and attention away from SpaceX’s AI ambitions. SpaceX could be biggest loser from successful Anthropic IPO

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 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 represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

SPCX has been the subject of a number of recent research reports. Stifel Nicolaus began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. Wolfe Research reiterated an “outperform” rating and issued a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a research report on Wednesday, October 14th. KeyCorp reissued a “sector weight” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a research note on Wednesday, October 21st. Four 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.97.

SpaceX Company 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.