MGO One Seven LLC Acquires 28,761 Shares of SpaceX $SPCX

Key Points

• MGO One Seven LLC increased its SpaceX stake by 103.5% in the third quarter, purchasing 28,761 additional shares for a total holding of 56,546 shares valued at approximately $8.5 billion.
• SpaceX reported quarterly revenue of $14.57 billion, up 161.4% year over year, and earnings of $0.35 per share versus the $0.10 analyst consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $244.97.
• Despite strong AI, Starlink and launch-service growth, investors face risks from customer concentration, heavy capital requirements, a demanding valuation and insider selling; COO Gwynne Shotwell sold 342,170 shares worth about $52.5 million under a Rule 10b5-1 plan.

MGO One Seven LLC grew its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 103.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,546 shares of the company's stock after buying an additional 28,761 shares during the period. MGO One Seven LLC's holdings in SpaceX were worth $8,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. SC US Ttgp LTD. bought a new position in shares of SpaceX in the 2nd quarter valued at about $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX in the second quarter worth about $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX during the second quarter worth approximately $6,587,531,000. Thrive Capital Management LLC bought a new stake in SpaceX during the second quarter worth approximately $3,231,681,000. Finally, State Street Corp purchased a new stake in SpaceX during the second quarter valued at approximately $1,858,329,000.

SpaceX News Summary

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

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $134.72 on Monday. The company has a market cap of $1.83 trillion and a P/E ratio of 518.15. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The firm's 50-day moving average price is $149.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share 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 company had revenue of $14.57 billion for the quarter. During the same period last year, the company earned ($0.36) earnings per share. The business's revenue for the quarter was up 161.4% compared to the same quarter last year. As a group, equities analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on SPCX. Moffett Nathanson raised their price objective on SpaceX from $131.00 to $142.00 and gave the company a "neutral" rating in a research note on Monday, September 14th. Phillip Securities raised SpaceX from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, October 23rd. Bank of America boosted their target price on SpaceX from $235.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. HSBC restated a "hold" rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Oppenheimer lifted their price objective on shares of SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.97.

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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