39,480 Shares in SpaceX $SPCX Purchased by Sowell Financial Services LLC

Key Points

• Sowell Financial Services acquired 39,480 SpaceX shares during the third quarter, valued at approximately $5.96 million, while several other institutions also initiated positions.
• SpaceX reported strong third-quarter results, with revenue rising 161% year over year to about $14.6 billion and EPS of $0.35 versus the $0.10 consensus estimate. Growth was driven by its AI business and Starlink, though heavy capital spending and financing needs remain risks.
• COO Gwynne Shotwell sold 342,170 shares worth roughly $52.5 million under a pre-arranged Rule 10b5-1 plan. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $221.44, compared with the stock’s recent price near $147.79.

Sowell Financial Services LLC acquired a new stake in SpaceX (NASDAQ:SPCX - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 39,480 shares of the company's stock, valued at approximately $5,956,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPCX. Syntax Research Inc. bought a new position in shares of SpaceX in the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. acquired a new stake in SpaceX during the 2nd quarter worth $29,000. PayPay Securities Corp bought a new stake in shares of SpaceX during the 2nd quarter valued at $30,000. Hickory Point Bank & Trust acquired a new position in shares of SpaceX in the 3rd quarter valued at $30,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SpaceX in the 3rd quarter valued at $30,000.

Insider Buying and Selling at SpaceX

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

SpaceX Trading Down 0.1%

SpaceX stock opened at $147.79 on Wednesday. The company has a market capitalization of $1.95 trillion and a P/E ratio of -1,642.11. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a fifty day simple moving average of $148.92. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion for the quarter. The firm's quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.36) EPS. On average, equities research analysts forecast that SpaceX will post 0.07 EPS for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 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 and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

Analysts Set New Price Targets

A number of analysts recently weighed in on SPCX shares. Arete Research set a $450.00 price target on shares of SpaceX in a research report on Tuesday, August 11th. Daiwa Securities Group began coverage on shares of SpaceX in a report on Thursday, July 2nd. They set a "neutral" rating and a $175.00 price objective for the company. Seaport Research Partners downgraded shares of SpaceX from a "buy" rating to a "neutral" rating in a research note on Friday, August 7th. Mizuho began coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on shares of SpaceX from $215.00 to $212.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, SpaceX presently has a consensus rating of "Moderate Buy" and an average target price of $221.44.

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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