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Simplicity Wealth LLC grew its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 201.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 19,350 shares of the company's stock after acquiring an additional 12,939 shares during the period. Simplicity Wealth LLC's holdings in SpaceX were worth $2,919,000 at the end of the most recent reporting period.

• MarketBeat Week in Review – 10/19 - 10/23

Other large investors have also modified their holdings of the company. Viking Fund Management LLC purchased a new position in SpaceX in the 3rd quarter worth about $1,358,000. Diversify Advisory Services LLC lifted its stake in SpaceX by 34.0% during the third quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company's stock valued at $7,205,000 after buying an additional 12,292 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in SpaceX during the second quarter valued at about $5,094,000. Avior Wealth Management LLC purchased a new stake in SpaceX during the third quarter valued at about $2,934,000. Finally, Apella Capital LLC boosted its holdings in shares of SpaceX by 218.2% in the third quarter. Apella Capital LLC now owns 8,424 shares of the company's stock worth $1,412,000 after buying an additional 5,777 shares during the period.

SpaceX Stock Performance

SPCX stock opened at $147.49 on Monday. The stock's 50 day moving average is $149.40. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a market capitalization of $1.94 trillion and a PE ratio of -1,638.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08.

• SpaceX Earnings Launch: High Margins Fund AI Ambitions

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $14.57 billion for the quarter. During the same quarter in the prior year, the company posted ($0.36) EPS. The firm's quarterly revenue was up 161.4% compared to the same quarter last year. Sell-side analysts predict that SpaceX will post 0.13 EPS for the current year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the business's 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

• The AI Buildout Is Only 15% Complete—Here Is Where the Next Dollar Actually Goes

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla NASDAQ: TSLA merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. William Blair reiterated an "outperform" rating on shares of SpaceX in a research report on Friday, October 9th. DZ Bank began coverage on SpaceX in a report on Friday, August 21st. They issued a "sell" rating and a $100.00 target price for the company. Piper Sandler reaffirmed a "neutral" rating on shares of SpaceX in a research report on Wednesday. Mizuho set a $205.00 price target on SpaceX in a report on Wednesday. Finally, Pivotal Research upped their price target on SpaceX from $230.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, SpaceX presently has an average rating of "Moderate Buy" and an average target price of $244.19.

Read Our Latest Stock Report on SPCX

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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