K5 Global Advisor LLC lessened its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,673,191 shares of the company's stock after selling 11,922,609 shares during the period. SpaceX accounts for 100.0% of K5 Global Advisor LLC's portfolio, making the stock its largest holding. K5 Global Advisor LLC owned 0.20% of SpaceX worth $4,023,918,000 as of its most recent filing with the Securities & Exchange Commission.

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Other institutional investors also recently modified their holdings of the company. Atticus Wealth Management LLC acquired a new position in SpaceX in the 3rd quarter valued at $378,000. Nightview Capital LLC boosted its stake in SpaceX by 200.5% during the 3rd quarter. Nightview Capital LLC now owns 106,069 shares of the company's stock valued at $16,002,000 after purchasing an additional 70,771 shares during the period. Bell Bank acquired a new stake in SpaceX in the 3rd quarter valued at approximately $672,000. Parkside Investments LLC bought a new position in SpaceX in the 3rd quarter worth approximately $827,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of SpaceX by 38.5% during the third quarter. Physician Wealth Advisors Inc. now owns 888 shares of the company's stock worth $134,000 after buying an additional 247 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPCX shares. KeyCorp reissued a "sector weight" rating on shares of SpaceX in a research report on Wednesday. Erste Group Bank assumed coverage on shares of SpaceX in a report on Thursday, October 8th. They issued a "hold" rating for the company. Clear Str upgraded shares of SpaceX to a "strong-buy" rating in a research report on Tuesday, July 7th. Royal Bank Of Canada restated an "outperform" rating on shares of SpaceX in a research report on Monday. Finally, Wedbush initiated coverage on shares of SpaceX in a report on Tuesday, June 30th. They set an "outperform" rating and a $190.00 price objective on the stock. Three equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $221.44.

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Get Our Latest Research Report on SpaceX

SpaceX Price Performance

Shares of SPCX stock opened at $147.79 on Wednesday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The business has a fifty day moving average price of $148.92. The company has a market capitalization of $1.95 trillion and a PE ratio of -1,642.11.

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SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly 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. The business had revenue of $14.57 billion for the quarter. The firm's revenue for the quarter was up 161.4% on a year-over-year basis. During the same period last year, the company posted ($0.36) EPS. Equities research analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Insider Buying and Selling at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 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 and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

About SpaceX

(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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