SpaceX $SPCX Stock Acquired by MSH Capital Advisors LLC

MSH Capital Advisors LLC raised its holdings in SpaceX (NASDAQ:SPCX) by 334.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,888 shares of the company’s stock after purchasing an additional 12,998 shares during the quarter. MSH Capital Advisors LLC’s holdings in SpaceX were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. SC US Ttgp LTD. purchased a new position in shares of SpaceX in the 2nd quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new stake in SpaceX during the second quarter worth about $17,335,783,000. K5 Global Advisor LLC purchased a new stake in SpaceX during the second quarter worth about $6,587,531,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in SpaceX in the third quarter worth about $4,224,143,000. Finally, Thrive Capital Management LLC bought a new stake in SpaceX in the second quarter worth about $3,231,681,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPCX shares. Phillip Securities raised shares of SpaceX from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, October 23rd. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. UBS Group reiterated an “overweight” rating and issued a $300.00 price objective on shares of SpaceX in a research note on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 price objective on SpaceX in a report on Monday, October 26th. Finally, Susquehanna raised their target price on SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Four equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and an average price target of $243.60.

Recent SpaceX Headlines

Here are a few of the latest headlines about SPCX:

• Positive Sentiment: Investor backing and Starship potential: Thrive Capital more than doubled its SpaceX stake in the third quarter, with the position valued at about $7.1 billion. Morgan Stanley’s Adam Jonas also sees a successful first attempt to catch both Starship stages as a meaningful milestone that could support a higher valuation. Benzinga: Thrive Capital increases its SpaceX stake
• Neutral Sentiment: Potential Tesla merger remains speculative: Bloomberg reports an announcement could come as soon as December, though talks may extend into early 2027. Tesla’s slower recent revenue growth compared with SpaceX could affect the combined company’s growth profile; terms and shareholder implications remain unclear. The Motley Fool: Potential SpaceX-Tesla deal and its impact
• Negative Sentiment: Merger scrutiny adds uncertainty: Texas Attorney General-elect Nathan Johnson has signaled rigorous review of a possible SpaceX-Tesla combination, creating a potential political and regulatory obstacle. These concerns may help explain why ambitious growth news has not fully eased pressure on SPCX. Yahoo Finance: Incoming Texas AG vows scrutiny of potential merger

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred 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 directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

NASDAQ SPCX traded down $0.83 during trading on Friday, hitting $139.11. 76,552,723 shares of the company’s stock traded hands, compared to its average volume of 113,965,480. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.89 trillion and a PE ratio of 535.04. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The business’s 50 day simple moving average is $148.90.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.36) EPS. On average, analysts expect that SpaceX will post 0.22 EPS for the current year.

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.