SpaceX $SPCX Stock Acquired by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC lifted its stake in SpaceX (NASDAQ:SPCX) by 166.3% during the third quarter, Holdings Channel reports. The institutional investor owned 6,391 shares of the company’s stock after acquiring an additional 3,991 shares during the quarter. Quadcap Wealth Management LLC’s holdings in SpaceX were worth $964,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Viking Fund Management LLC acquired a new stake in SpaceX during the third quarter valued at $1,358,000. Diversify Advisory Services LLC raised its position in shares of SpaceX by 34.0% in the third quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock worth $7,205,000 after acquiring an additional 12,292 shares during the period. Avior Wealth Management LLC acquired a new position in shares of SpaceX in the third quarter worth about $2,934,000. Wedbush Securities Inc. purchased a new stake in shares of SpaceX during the 2nd quarter worth about $5,094,000. Finally, Apella Capital LLC boosted its stake in shares of SpaceX by 218.2% during the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after acquiring an additional 5,777 shares in the last quarter.

Key Headlines Impacting 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

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Susquehanna raised their target price on SpaceX from $173.00 to $176.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Cantor Fitzgerald upped their price target on SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a research report on Wednesday, October 21st. HSBC reissued a “hold” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, William Blair restated an “outperform” rating on shares of SpaceX in a research 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 issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

SpaceX Trading Up 8.6%

SPCX traded up $10.65 during midday trading on Friday, hitting $134.27. 114,740,906 shares of the company traded hands, compared to its average volume of 102,187,288. The stock’s 50 day moving average price is $149.18. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock has a market cap of $1.82 trillion and a P/E ratio of 516.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00.

SpaceX (NASDAQ:SPCX) last released its earnings results 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 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 prior year, the firm earned ($0.36) EPS. The firm’s revenue for the quarter was up 161.4% on a year-over-year basis. Equities research analysts anticipate that SpaceX will post 0.19 earnings per share for the current year.

About SpaceX

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.