4,380 Shares of SpaceX $SPCX Purchased by Howland Capital Management LLC

Howland Capital Management LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,380 shares of the company’s stock, valued at approximately $661,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SC US Ttgp LTD. acquired a new position in SpaceX in the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX during the second quarter worth about $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX during the second quarter valued at about $6,587,531,000. State Street Corp acquired a new stake in shares of SpaceX during the second quarter valued at about $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of SpaceX during the second quarter valued at about $1,366,880,000.

Analyst Ratings Changes

SPCX has been the subject of several research reports. Barclays lifted their target price on shares of SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday. Cantor Fitzgerald upped their price target on SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group restated a “buy” rating and set a $245.00 price target on shares of SpaceX in a research report on Wednesday. Mizuho set a $205.00 price objective on SpaceX in a research note on Wednesday. Finally, TD Cowen boosted their price objective on SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and an average price target of $244.19.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $144.75 on Friday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.91 trillion and a P/E ratio of -1,608.33. The business’s 50-day moving average is $149.25. 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 data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. The company’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.36) EPS. Equities research analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

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.