SpaceX $SPCX Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in SpaceX (NASDAQ:SPCX) by 289.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 113,372 shares of the company’s stock after acquiring an additional 84,252 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in SpaceX were worth $17,103,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SPCX. James T. Borello RIA lifted its position in shares of SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after acquiring an additional 72 shares in the last quarter. Oakworth Capital Inc. increased its position in shares of SpaceX by 17.8% during the third quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock worth $73,000 after purchasing an additional 73 shares in the last quarter. Fonville Wealth Management LLC increased its position in shares of SpaceX by 3.8% during the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock worth $410,000 after purchasing an additional 99 shares in the last quarter. Downshift Financial LLC raised its stake in SpaceX by 25.7% in the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after purchasing an additional 113 shares during the last quarter. Finally, Balance Wealth Partners LLC raised its stake in SpaceX by 5.7% in the 3rd quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company’s stock valued at $341,000 after purchasing an additional 121 shares during the last quarter.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the 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 completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX selected Qualcomm to provide 5G network technology for Starlink Mobile, supporting its plan to build a nationwide wireless service and potentially opening a new revenue stream. SpaceX selects Qualcomm for Starlink Mobile
• Neutral Sentiment: Recent results showed strong momentum: third-quarter revenue rose 161%, while the Super Intelligence segment grew rapidly. However, the AI build-out requires heavy investment, and the eventual returns remain uncertain. SPCX cloud growth reshapes earnings after Q3 beat
• Negative Sentiment: Democratic gains in Congress and key state races have raised concerns about tougher oversight of AI data centers and potential obstacles to SpaceX’s infrastructure plans. The election outcome has also increased uncertainty around a possible SpaceX–Tesla merger. Why SpaceX stock is down today
• Negative Sentiment: Investors also face concerns about elevated spending, execution risks and a valuation that depends heavily on future growth. Commentary on the AI data-center opportunity notes that substantial profits may take time to materialize. SpaceX stock can get a lift from the Anthropic IPO, but remains unappealing

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. William Blair restated an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. UBS Group reaffirmed an “overweight” rating and set a $300.00 target price on shares of SpaceX in a report on Wednesday, October 21st. Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, August 7th. Finally, Moffett Nathanson boosted their price target on shares of SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a research report on Monday, September 14th. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $244.97.

SpaceX Price Performance

NASDAQ:SPCX opened at $135.92 on Thursday. 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 firm has a market cap of $1.85 trillion and a price-to-earnings ratio of 522.77. The company has a 50-day moving average price of $149.64. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The business 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%. The firm’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.36) EPS. As a group, equities analysts anticipate that SpaceX will post 0.19 earnings per share for the current fiscal 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.