39,480 Shares of SpaceX $SPCX Bought 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. Several other investment firms also initiated positions in the company.
• COO Gwynne Shotwell sold 342,170 shares for about $52.5 million under a pre-arranged Rule 10b5-1 trading plan, reducing her position by 12.16%.
• Analyst sentiment remains broadly positive, with SpaceX holding a “Moderate Buy” consensus rating and an average price target of $244.97. The company reported quarterly revenue of $14.57 billion, up 161.4% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate.

Sowell Financial Services LLC bought a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 39,480 shares of the company's stock, valued at approximately $5,956,000.

Several other hedge funds also recently modified their holdings of the business. Syntax Research Inc. acquired a new position in SpaceX in the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp acquired a new stake in SpaceX during the 2nd quarter worth $30,000. Hickory Point Bank & Trust acquired a new stake in SpaceX during the 3rd quarter worth $30,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SpaceX during the 3rd quarter valued at $30,000.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The stock was 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 $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPCX. Erste Group Bank initiated coverage on SpaceX in a research report on Thursday, October 8th. They issued a "hold" rating on the stock. Wolfe Research reissued an "outperform" rating and issued a $175.00 target price on shares of SpaceX in a research note on Wednesday, August 26th. Canaccord Genuity Group started coverage on SpaceX in a research note on Tuesday, July 7th. They issued a "buy" rating and a $246.00 target price on the stock. KeyCorp restated a "sector weight" rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Pivotal Research boosted their target price on SpaceX from $230.00 to $260.00 and gave the stock a "buy" rating in a research report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $244.97.

SpaceX Stock Performance

Shares of SPCX opened at $143.89 on Friday. The company has a 50 day simple moving average of $149.55. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. 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 firm has a market cap of $1.90 trillion and a price-to-earnings ratio of 553.42.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced 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. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business had revenue of $14.57 billion for the quarter. During the same period in the prior year, the firm earned ($0.36) EPS. The business's revenue for the quarter was up 161.4% compared to the same quarter last year. Equities research analysts predict that SpaceX will post 0.13 EPS for the current fiscal year.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.