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Traynor Capital Management Inc. increased its stake in SpaceX (NASDAQ:SPCX - Free Report) by 173.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,886 shares of the company's stock after acquiring an additional 9,446 shares during the quarter. Traynor Capital Management Inc.'s holdings in SpaceX were worth $2,246,000 at the end of the most recent quarter.

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Other institutional investors and hedge funds also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of SpaceX during the third quarter valued at $5,621,000. Optima Capital LLC purchased a new position in SpaceX in the 3rd quarter worth about $241,000. Hoey Investments Inc. increased its stake in SpaceX by 1,046.0% in the 3rd quarter. Hoey Investments Inc. now owns 2,292 shares of the company's stock worth $346,000 after purchasing an additional 2,092 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in SpaceX during the 3rd quarter worth about $4,224,143,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in SpaceX during the 3rd quarter worth about $50,000.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

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NASDAQ SPCX opened at $134.72 on Monday. The stock has a 50 day moving average of $149.56. 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 stock has a market capitalization of $1.83 trillion and a price-to-earnings ratio of 518.15. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted ($0.36) earnings per share. The business's revenue for the quarter was up 161.4% compared to the same quarter last year. On average, analysts predict that SpaceX will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

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SPCX has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Susquehanna boosted their price target on shares of SpaceX from $173.00 to $176.00 and gave the company a "neutral" rating in a report on Wednesday, October 21st. Pivotal Research upped their price target on shares of SpaceX from $230.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $245.00 price objective on shares of SpaceX in a research note on Wednesday, October 21st. Finally, HSBC reiterated a "hold" rating on shares of SpaceX in a research report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.97.

Read Our Latest Stock Analysis on SPCX

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is reportedly negotiating to buy EchoStar’s Boost Mobile or gain access to its network. The deal could accelerate Starlink’s direct-to-consumer wireless strategy and provide a large existing customer base. SpaceX in talks to buy Boost Mobile or use its network
• Positive Sentiment: SpaceX’s AI and “super intelligence” operations reportedly generated $7.6 billion in third-quarter revenue, up 830% year over year. The company is also expanding Nvidia GPU capacity and targeting substantial additional data-center capacity in 2027, reinforcing the argument that SpaceX is becoming an AI growth company. Can SpaceX Overcome the AI Trade Sell-Off?
• Positive Sentiment: Starlink continues to expand, reaching 13.6 million subscribers, while enterprise and government revenue reportedly increased 91% year over year. Planned Starship commercial payload flights could further increase satellite-launch capacity and revenue. Starlink’s Subscriber Growth Is Explosive
• Neutral Sentiment: Elon Musk revived discussions around a “Terafab” chip-manufacturing project with TSMC. The initiative could support SpaceX’s AI ambitions, but its cost and execution requirements remain unclear. Why Is SPCX Stock Rebounding in Premarket Today?
• Neutral Sentiment: Special committees are exploring a potential SpaceX-Tesla merger. Such a transaction could broaden SpaceX’s strategic opportunities, but it would be highly complex and could involve substantial dilution for shareholders. Barclays Says a SpaceX Merger Is Now a Key Part of the Tesla Bull Case
• Negative Sentiment: Investors are questioning whether orbital data centers can generate acceptable returns. Jim Chanos cited warnings that the infrastructure could cost dramatically more than SpaceX estimates, while Bill Ackman said an AI buildout might require as much as $1 trillion in borrowing. Jim Chanos Warns About Space Data Center Costs
• Negative Sentiment: Nearly 2 billion shares reportedly became eligible for sale in October, creating potential supply pressure, with a larger unlock expected in June 2027. Investors are also concerned about higher borrowing costs tied to SpaceX’s $40 billion GPU financing arrangement. SpaceX Stock Falls as Share Unlocks Hit the Market
• Negative Sentiment: A federal judge allowed the NAACP’s Clean Air Act lawsuit over gas turbines powering SpaceX’s Memphis-area AI data centers to proceed, preserving regulatory, legal and potential cost risks. SpaceX Loses Bid to Toss NAACP Lawsuit

SpaceX 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.

Further Reading

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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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