Americana Partners LLC Acquires 18,346 Shares of SpaceX $SPCX

Key Points

• Americana Partners LLC increased its SpaceX holdings by 425.8% in the third quarter, purchasing 18,346 additional shares for a total position of 22,655 shares valued at approximately $3.4 million.
• SpaceX reported strong growth, with quarterly revenue rising 161.4% year over year to $14.57 billion and EPS of $0.35 versus the $0.10 consensus estimate. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $244.97 price target.
• Despite strong AI, Starlink and launch-service growth prospects, investors face risks including customer concentration in Anthropic, potential $130 billion wireless investment needs, insider share unlocks, ongoing GAAP losses and a demanding price-to-earnings ratio of 518.15.

Americana Partners LLC increased its holdings in shares of SpaceX (NASDAQ:SPCX - Free Report) by 425.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,655 shares of the company's stock after buying an additional 18,346 shares during the quarter. Americana Partners LLC's holdings in SpaceX were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. purchased a new position in shares of SpaceX during the 2nd quarter worth about $20,933,621,000. Darsana Capital Partners LP acquired a new stake in shares of SpaceX during the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth $6,587,531,000. Thrive Capital Management LLC purchased a new position in shares of SpaceX in the 2nd quarter worth $3,231,681,000. Finally, State Street Corp purchased a new position in shares of SpaceX in the 2nd quarter worth $1,858,329,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

SpaceX Stock Performance

SPCX stock opened at $134.72 on Friday. 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 has a 1 year low of $104.83 and a 1 year high of $225.64. The firm has a market capitalization of $1.83 trillion and a price-to-earnings ratio of 518.15. The company has a 50-day moving average of $149.56.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 161.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.36) earnings per share. On average, equities research analysts predict that SpaceX will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $235.00 price target on shares of SpaceX in a research report on Monday, September 28th. Barclays raised their price objective on SpaceX from $254.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, October 21st. Oppenheimer lifted their price objective on SpaceX from $250.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Yorkville Ives initiated coverage on SpaceX in a report on Tuesday, October 6th. They set an "outperform" rating and a $225.00 target price for the company. Finally, Weiss Ratings began coverage on shares of SpaceX in a research report on Tuesday, September 1st. They set a "sell (d)" rating for the company. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.97.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction 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 sale, the chief operating officer owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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