SpaceX $SPCX Stock Bought by Privium Fund Management B.V.

Privium Fund Management B.V. boosted its stake in SpaceX (NASDAQ:SPCX) by 525.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 250,000 shares of the company’s stock after acquiring an additional 210,000 shares during the period. SpaceX comprises approximately 7.2% of Privium Fund Management B.V.’s investment portfolio, making the stock its 4th largest position. Privium Fund Management B.V.’s holdings in SpaceX were worth $37,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. SC US Ttgp LTD. acquired a new position in SpaceX during the second quarter worth $20,933,621,000. Darsana Capital Partners LP acquired a new stake in shares of SpaceX in the second quarter valued at $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX in the 2nd quarter valued at $6,587,531,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SpaceX in the 3rd quarter valued at $4,224,143,000. Finally, Thrive Capital Management LLC acquired a new position in SpaceX during the 2nd quarter worth about $3,231,681,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPCX. Cantor Fitzgerald raised their target price on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, October 20th. Weiss Ratings started coverage on shares of SpaceX in a research note on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research report on Monday, October 19th. Phillip Securities raised shares of SpaceX from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Finally, William Blair restated an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $243.60.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 directly owned 2,472,035 shares in the company, valued at $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 available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Up 8.6%

Shares of NASDAQ SPCX traded up $10.65 during trading hours on Friday, reaching $134.27. The stock had a trading volume of 114,740,906 shares, compared to its average volume of 102,187,288. The stock has a market capitalization of $1.82 trillion and a price-to-earnings ratio of 516.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The business’s 50-day simple moving average is $149.18.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same period in the previous year, the company posted ($0.36) earnings per share. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. On average, equities analysts predict that SpaceX will post 0.19 EPS for the current year.

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.