Grantvest Financial Group LLC increased its position in shares of SpaceX (NASDAQ:SPCX - Free Report) by 374.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,221 shares of the company's stock after buying an additional 6,488 shares during the quarter. SpaceX comprises 0.7% of Grantvest Financial Group LLC's investment portfolio, making the stock its 27th biggest holding. Grantvest Financial Group LLC's holdings in SpaceX were worth $1,240,000 at the end of the most recent quarter.

• SpaceX Earnings Launch: High Margins Fund AI Ambitions

A number of other large investors have also recently bought and sold shares of SPCX. SC US Ttgp LTD. purchased a new stake in shares of SpaceX in the second quarter valued at about $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX in the 2nd quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC purchased a new position in shares of SpaceX in the 2nd quarter valued at approximately $6,587,531,000. State Street Corp acquired a new position in shares of SpaceX in the second quarter valued at approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in shares of SpaceX in the second quarter valued at approximately $1,366,880,000.

SpaceX Stock Up 7.8%

Shares of SPCX opened at $159.31 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a 50-day moving average of $149.18. The stock has a market cap of $2.10 trillion and a P/E ratio of -1,770.11.

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SpaceX (NASDAQ:SPCX - Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. During the same period in the previous year, the business posted ($0.36) earnings per share. The company's quarterly revenue was up 161.4% compared to the same quarter last year. On average, research analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Analyst Ratings Changes

SPCX has been the subject of several recent research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of SpaceX in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of SpaceX from $214.00 to $274.00 and gave the company an "overweight" rating in a research note on Wednesday. Stifel Nicolaus began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $190.00 price objective for the company. Sanford C. Bernstein restated an "outperform" rating on shares of SpaceX in a research note on Wednesday. Finally, Weiss Ratings assumed coverage on shares of SpaceX in a report on Tuesday, September 1st. They issued a "sell (d)" rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $243.08.

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Check Out Our Latest Analysis on SPCX

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares of the company's stock, valued at $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 available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Company Profile

(Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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