11,701 Shares in SpaceX $SPCX Purchased by 71 West Capital Partners

Key Points

• 71 West Capital Partners opened a SpaceX position, purchasing 11,701 shares in the third quarter valued at approximately $1.765 million. Several other institutional investors also added to or initiated stakes.
• Analyst sentiment is broadly positive: SpaceX has a consensus “Moderate Buy” rating and a $243.60 average price target, based on ratings from 47 analysts.
• SpaceX reported quarterly EPS of $0.35, topping the $0.10 consensus estimate, while revenue rose 161.4% year over year to $14.57 billion. COO Gwynne Shotwell separately sold 342,170 shares for about $52.5 million under a pre-arranged trading plan.

71 West Capital Partners purchased a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,701 shares of the company's stock, valued at approximately $1,765,000.

Other institutional investors have also modified their holdings of the company. Welch & Forbes LLC increased its position in shares of SpaceX by 174.7% during the third quarter. Welch & Forbes LLC now owns 4,090 shares of the company's stock worth $617,000 after acquiring an additional 2,601 shares during the period. United Capital Management of KS Inc. grew its stake in SpaceX by 41.9% during the 3rd quarter. United Capital Management of KS Inc. now owns 1,957 shares of the company's stock worth $295,000 after purchasing an additional 578 shares in the last quarter. Altiora Financial Group LLC increased its holdings in SpaceX by 768.8% during the 3rd quarter. Altiora Financial Group LLC now owns 22,537 shares of the company's stock worth $3,400,000 after purchasing an additional 19,943 shares during the period. Gryphon Financial Partners LLC purchased a new stake in SpaceX during the 3rd quarter worth about $636,000. Finally, Villere ST Denis J & Co. LLC acquired a new stake in SpaceX in the 3rd quarter valued at about $691,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPCX. CLSA began coverage on SpaceX in a research note on Monday, September 28th. They issued an "outperform" rating and a $250.00 price objective for the company. HSBC restated a "hold" rating on shares of SpaceX in a research note on Wednesday, October 21st. Argus raised shares of SpaceX from a "hold" rating to a "buy" rating and set a $160.00 target price on the stock in a report on Friday, August 7th. Evercore reiterated an "outperform" rating and issued a $275.00 price target on shares of SpaceX in a research note on Friday, October 16th. Finally, DZ Bank started coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a "sell" rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.60.

Insiders Place Their Bets

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

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: CEO Elon Musk said SpaceX’s annual recurring revenue could reach $100 billion this December and that exceeding $500 billion in December 2027 is his best estimate. The ambitious forecast strengthens the company’s growth narrative, though it depends on substantial expansion. Article
• Positive Sentiment: Stifel reiterated its Buy rating and $190 price target, citing potential growth opportunities, including data-center projects. The analyst endorsement helped reinforce investor confidence. Article
• Positive Sentiment: SpaceX is advancing plans for a roughly $24 billion gas-fired power plant and supercomputing facility in Starbase, potentially supporting its AI infrastructure ambitions. Separately, reports of a major Anthropic computing agreement and Google spending on SpaceX infrastructure point to possible demand for its compute capacity. Article
• Positive Sentiment: SpaceX’s Qualcomm partnership and planned Starlink Mobile deployment starting in 2027 could extend its business into nationwide 5G connectivity. Article
• Neutral Sentiment: NASA’s proposed $10 billion lunar-contract framework creates an opportunity for SpaceX, including a planned 2028 Starship mission, but the broader contracts are competitive rather than guaranteed awards. Article
• Neutral Sentiment: A first attempt to catch both Starship and its booster during Flight 15 could showcase progress in reusability, but the outcome remains uncertain. Article
• Negative Sentiment: Texas Gov.-elect Gina Hinojosa urged the state to pause action on land near Starbase, creating potential uncertainty around SpaceX’s local expansion plans. Investors are also watching whether political opposition could slow data-center development. Article

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $142.07 on Tuesday. The stock has a market cap of $1.93 trillion and a P/E ratio of 546.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The business's 50-day simple moving average is $149.19. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the company posted ($0.36) EPS. The company's revenue was up 161.4% compared to the same quarter last year. As a group, equities research analysts expect that SpaceX will post 0.19 earnings per share for the current year.

SpaceX Company Profile

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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