19,943 SpaceX $SPCX Shares Purchased by Altiora Financial Group LLC

Key Points

• Altiora Financial Group increased its SpaceX stake by 768.8% in the third quarter, buying 19,943 shares to reach 22,537 shares valued at about $3.4 million.
• SpaceX reported quarterly revenue of $14.57 billion, up 161.4% year over year, and EPS of $0.35, beating the $0.10 consensus estimate; its net margin remained negative.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $243.60. Separately, COO Gwynne Shotwell sold 342,170 shares under a pre-arranged trading plan.

Altiora Financial Group LLC grew its stake in SpaceX (NASDAQ:SPCX - Free Report) by 768.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,537 shares of the company's stock after purchasing an additional 19,943 shares during the quarter. SpaceX makes up about 0.6% of Altiora Financial Group LLC's holdings, making the stock its 29th largest position. Altiora Financial Group LLC's holdings in SpaceX were worth $3,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SC US Ttgp LTD. bought a new position in shares of SpaceX in the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP bought a new position in SpaceX in the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new position in SpaceX in the 2nd quarter valued at $6,587,531,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SpaceX during the 3rd quarter valued at $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new stake in shares of SpaceX during the 2nd quarter valued at $3,231,681,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on SpaceX from $240.00 to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Needham & Company LLC restated a "buy" rating and set a $250.00 price target on shares of SpaceX in a research report on Wednesday, October 21st. Guggenheim started coverage on shares of SpaceX in a report on Friday, August 7th. They set a "buy" rating for the company. Susquehanna lifted their price objective on shares of SpaceX from $173.00 to $176.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of SpaceX in a research note on Monday, October 19th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $243.60.

Insider Buying and Selling at SpaceX

In related 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 transaction, the chief operating officer owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

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 Stock Up 5.8%

NASDAQ SPCX opened at $142.07 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 3.00 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 firm's 50-day simple moving average is $149.19.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share 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 firm had revenue of $14.57 billion during the quarter. During the same quarter in the previous year, the business earned ($0.36) EPS. SpaceX's revenue for the quarter was up 161.4% on a year-over-year basis. As a group, 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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