87,488 Shares of SpaceX $SPCX Bought by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC acquired 87,488 SpaceX shares during the third quarter, valued at approximately $13.2 million and representing 1.6% of its portfolio.
• SpaceX reported quarterly revenue of $14.57 billion, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $244.97, although one firm downgraded the stock to “neutral.”

LaFleur & Godfrey LLC bought a new stake in SpaceX (NASDAQ:SPCX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 87,488 shares of the company's stock, valued at approximately $13,198,000. SpaceX accounts for about 1.6% of LaFleur & Godfrey LLC's portfolio, making the stock its 18th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. SC US Ttgp LTD. acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX during the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX in the 2nd quarter valued at $6,587,531,000. Thrive Capital Management LLC acquired a new stake in SpaceX in the 2nd quarter valued at $3,231,681,000. Finally, State Street Corp bought a new stake in SpaceX in the second quarter valued at $1,858,329,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SPCX shares. Seaport Research Partners lowered SpaceX from a "buy" rating to a "neutral" rating in a research note on Friday, August 7th. Susquehanna boosted their target price on shares of SpaceX from $173.00 to $176.00 and gave the company a "neutral" rating in a research note on Wednesday, October 21st. Wells Fargo & Company upped their target price on shares of SpaceX from $214.00 to $274.00 and gave the stock an "overweight" rating in a report on Wednesday, October 21st. Citigroup increased their target price on shares of SpaceX from $200.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, October 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of SpaceX in a report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.97.

SpaceX Price Performance

NASDAQ SPCX opened at $145.23 on Thursday. The stock's 50 day simple moving average is $149.46. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a market cap of $1.91 trillion and a price-to-earnings ratio of 558.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the company posted ($0.36) EPS. SpaceX's revenue for the quarter was up 161.4% on a year-over-year basis. As a group, equities analysts expect that SpaceX will post 0.13 earnings per share for the current year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI business is becoming SpaceX’s main growth driver. Elon Musk said the company’s “Super Intelligence” division is now larger than its other segments, generating approximately $7.56 billion of third-quarter revenue. Analysts and bullish commentary suggest rapid AI-infrastructure growth could support substantially higher revenue and share prices over the next several years. Elon Musk Says SpaceX Is Now a Super Intelligence Company
• Positive Sentiment: Quarterly results and Starlink momentum remain strong. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, while Starlink added 1.6 million customers and increased average revenue per user. These results reinforce the company’s operating-growth story. SpaceX’s Starlink Just Added 1.6 Million Customers
• Positive Sentiment: Analyst support is providing an upside counterweight. Bernstein raised its price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure and potential orbital data centers. Bank of America also added SpaceX to its list of favored U.S. stocks. SpaceX Stock Rises as Analysts See More Upside
• Neutral Sentiment: Potential wireless expansion and a Tesla merger remain speculative. Musk says SpaceX could build a wireless carrier within two to three years, while Tesla and SpaceX committees are examining a possible merger. Neither development has been finalized, and both could require significant capital or create governance concerns. Elon Musk Says He Can Build a Wireless Carrier
• Negative Sentiment: Investors are concerned about the cost of the AI build-out. SpaceX committed to roughly $40 billion in GPU financing, while a large majority of its reported capital expenditures is directed toward AI. Critics argue that the business has not yet fully paid for this expansion and could face substantial debt and customer-concentration risks, particularly involving Anthropic. SpaceX’s AI Boom Has Yet to Pay for Its Build-Out
• Negative Sentiment: Valuation and IPO volatility are limiting enthusiasm. With a market capitalization near $1.9 trillion and a very high earnings multiple, analysts warn that strong results may already be reflected in the stock. Research on IPOs also highlights the risk of sharp declines during the first year of public trading. A six-week pause in Florida launches and a proposed $3.42 billion share shelf registration add further uncertainty.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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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