38,307 Shares in SpaceX $SPCX Purchased by Hourglass Capital LLC

Key Points

• Hourglass Capital LLC purchased 38,307 SpaceX shares during the third quarter, valued at approximately $5.78 million. Several other institutional investors also initiated positions in the company.
• SpaceX reported quarterly revenue of roughly $14.6 billion, up 161% year over year, and earnings of $0.35 per share, exceeding the $0.10 analyst consensus.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and a $244.97 price target, although elevated valuation, heavy AI-related spending and insider selling remain risks.

Hourglass Capital LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,307 shares of the company's stock, valued at approximately $5,779,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPCX. Syntax Research Inc. purchased a new stake in SpaceX in the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new stake in shares of SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX during the 2nd quarter valued at $30,000. Hickory Point Bank & Trust purchased a new position in shares of SpaceX during the 3rd quarter valued at $30,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SpaceX in the third quarter worth $30,000.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $146.90 on Tuesday. The firm has a market capitalization of $1.94 trillion and a P/E ratio of -1,632.22. The company has a 50-day simple moving average of $149.24. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. 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 (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company's revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. As a group, equities analysts predict that SpaceX will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

SPCX has been the subject of several recent research reports. Clear Str upgraded SpaceX to a "strong-buy" rating in a report on Tuesday, July 7th. Weiss Ratings initiated coverage on SpaceX in a research note on Tuesday, September 1st. They issued a "sell (d)" rating on the stock. Erste Group Bank initiated coverage on shares of SpaceX in a research note on Thursday, October 8th. They set a "hold" rating on the stock. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price objective on shares of SpaceX in a research note on Wednesday, October 21st. Finally, TD Cowen upped their target price on SpaceX from $200.00 to $224.00 and gave the stock a "buy" rating in a research report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company 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: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX's Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX's Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

Insider Buying and Selling at SpaceX

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

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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