12,292 SpaceX $SPCX Shares Acquired by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services increased its SpaceX stake by 34% in the third quarter, purchasing 12,292 additional shares and ending the period with 48,477 shares valued at approximately $7.2 million. Several other investment firms also initiated or expanded positions.
• SpaceX reported strong third-quarter results, with revenue up 161% year over year to about $14.58 billion and EPS of $0.35, beating the $0.10 consensus estimate. Its AI business became the largest revenue contributor, while management projected $33 billion–$37 billion in first-quarter 2027 revenue.
• Investors still face significant risks, including heavy capital spending to fund AI expansion, potential insider share unlocks, governance uncertainty surrounding a possible Tesla merger, and COO Gwynne Shotwell’s sale of roughly $52.5 million in shares under a 10b5-1 plan.

Diversify Advisory Services LLC increased its position in shares of SpaceX (NASDAQ:SPCX - Free Report) by 34.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,477 shares of the company's stock after buying an additional 12,292 shares during the period. Diversify Advisory Services LLC's holdings in SpaceX were worth $7,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Management Associates Inc lifted its stake in SpaceX by 96.3% in the third quarter. Capital Management Associates Inc now owns 2,837 shares of the company's stock worth $428,000 after acquiring an additional 1,392 shares during the last quarter. Revisor Wealth Management LLC acquired a new position in SpaceX during the 3rd quarter worth approximately $327,000. DUTCH ASSET Corp acquired a new position in SpaceX during the 3rd quarter worth approximately $3,862,000. Canal Insurance CO acquired a new position in SpaceX during the 3rd quarter worth approximately $3,017,000. Finally, 55 North Private Wealth LLC purchased a new stake in shares of SpaceX in the 3rd quarter valued at approximately $770,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share 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 business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Up 7.8%

SPCX stock opened at $159.31 on Thursday. The stock's 50 day simple moving average is $149.18. The stock has a market capitalization of $2.10 trillion and a PE ratio of -1,770.11. SpaceX has a fifty-two week low of $104.83 and a fifty-two week 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.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. The firm's quarterly revenue was up 161.4% compared to the same quarter last year. During the same period last year, the business earned ($0.36) earnings per share. As a group, sell-side analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SPCX shares. Mizuho set a $205.00 price objective on shares of SpaceX in a report on Wednesday. Daiwa Securities Group initiated coverage on shares of SpaceX in a research report on Thursday, July 2nd. They set a "neutral" rating and a $175.00 price objective for the company. Guggenheim began coverage on shares of SpaceX in a research note on Friday, August 7th. They set a "buy" rating for the company. Seaport Research Partners lowered SpaceX from a "buy" rating to a "neutral" rating in a report on Friday, August 7th. Finally, Wall Street Zen lowered SpaceX from a "hold" rating to a "sell" rating in a report on Saturday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, SpaceX has a consensus rating of "Moderate Buy" and an average target price of $243.08.

SpaceX 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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