56,248 SpaceX $SPCX Shares Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its SpaceX holdings by 124.7% in the third quarter, purchasing 56,248 additional shares and bringing its position to 101,349 shares valued at approximately $15.0 million.
• COO Gwynne Shotwell sold 342,170 shares for about $52.5 million under a pre-arranged Rule 10b5-1 trading plan, reducing her direct stake by 12.16%.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, while analysts maintained a “Moderate Buy” consensus with an average price target of $221.34 versus the stock’s $146.03 opening price.

TD Waterhouse Canada Inc. raised its holdings in shares of SpaceX (NASDAQ:SPCX - Free Report) by 124.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,349 shares of the company's stock after acquiring an additional 56,248 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in SpaceX were worth $15,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. James T. Borello RIA lifted its position in shares of SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company's stock worth $37,000 after purchasing an additional 72 shares in the last quarter. Downshift Financial LLC grew its position in SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company's stock valued at $83,000 after purchasing an additional 113 shares in the last quarter. Decision Investments Inc. grew its position in SpaceX by 10.7% in the third quarter. Decision Investments Inc. now owns 1,443 shares of the company's stock valued at $218,000 after purchasing an additional 139 shares in the last quarter. Worthington Financial Partners LLC increased its stake in SpaceX by 3.0% in the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company's stock valued at $737,000 after buying an additional 142 shares during the last quarter. Finally, Syntax Research Inc. acquired a new stake in SpaceX in the 2nd quarter valued at $26,000.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction dated 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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

NASDAQ:SPCX opened at $146.03 on Monday. The company has a market capitalization of $1.92 trillion and a PE ratio of -1,622.56. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The firm has a fifty day moving average price of $148.44. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The business's revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities analysts predict that SpaceX will post 0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on SPCX. KeyCorp reissued a "sector weight" rating on shares of SpaceX in a research report on Tuesday, July 28th. DZ Bank assumed coverage on SpaceX in a report on Friday, August 21st. They issued a "sell" rating and a $100.00 price objective for the company. Moffett Nathanson lifted their target price on SpaceX from $131.00 to $142.00 and gave the company a "neutral" rating in a research report on Monday, September 14th. Barclays assumed coverage on SpaceX in a research report on Friday, October 9th. They issued an "overweight" rating and a $254.00 target price on the stock. Finally, William Blair reiterated an "outperform" rating on shares of SpaceX in a report on Friday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.34.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn't order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

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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