11,063 SpaceX $SPCX Shares Bought by Bokf Na

Key Points

• Bokf Na increased its SpaceX stake by 1,585% in the third quarter, acquiring 11,063 additional shares and bringing its holdings to 11,761 shares valued at approximately $1.77 million.
• COO Gwynne Shotwell sold 342,170 shares for about $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 12.16%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $244.97 target price; however, SpaceX faces valuation, customer-concentration and potential share-supply risks despite 161.4% year-over-year revenue growth.

Bokf Na increased its stake in SpaceX (NASDAQ:SPCX - Free Report) by 1,585.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,761 shares of the company's stock after acquiring an additional 11,063 shares during the period. Bokf Na's holdings in SpaceX were worth $1,774,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SC US Ttgp LTD. purchased a new position in shares of SpaceX during the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the 2nd quarter valued at $6,587,531,000. Thrive Capital Management LLC purchased a new position in SpaceX in the 2nd quarter worth $3,231,681,000. Finally, State Street Corp purchased a new position in SpaceX in the 2nd quarter worth $1,858,329,000.

Insider Activity at SpaceX

In other 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 directly owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Phillip Securities upgraded SpaceX from a "strong sell" rating to a "strong-buy" rating in a report on Friday, October 23rd. DZ Bank started coverage on SpaceX in a report on Friday, August 21st. They set a "sell" rating and a $100.00 target price for the company. Canaccord Genuity Group began coverage on SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $246.00 price target on the stock. Mizuho set a $205.00 price target on SpaceX in a research note on Wednesday, October 21st. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of SpaceX in a research note on Wednesday, October 14th. Four 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 three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.97.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

SpaceX Stock Performance

SPCX opened at $134.72 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock has a market capitalization of $1.83 trillion and a PE ratio of 518.15. The company's 50 day simple moving average is $149.56.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 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. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. SpaceX's revenue was up 161.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.36) EPS. Research analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

About SpaceX

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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