SpaceX $SPCX Position Increased by Laurel Wealth Advisors LLC

Key Points

• Laurel Wealth Advisors increased its SpaceX position by 1,683.8% in the third quarter, acquiring 34,921 additional shares for a total holding of 36,995 shares valued at approximately $5.58 million.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $244.97, although ratings range from “Strong Buy” to “Sell.”
• SpaceX reported quarterly revenue of $14.57 billion, up 161.4% year over year, and earnings of $0.35 per share versus a $0.10 estimate; meanwhile, COO Gwynne Shotwell sold 342,170 shares worth about $52.5 million under a pre-arranged trading plan.

Laurel Wealth Advisors LLC boosted its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 1,683.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,995 shares of the company's stock after purchasing an additional 34,921 shares during the period. Laurel Wealth Advisors LLC's holdings in SpaceX were worth $5,581,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SC US Ttgp LTD. purchased a new stake in SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP acquired a new stake in shares of SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp purchased a new position in shares of SpaceX during the 2nd quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at $1,366,880,000.

Wall Street Analysts Forecast Growth

SPCX has been the topic of a number of research reports. Piper Sandler reaffirmed a "neutral" rating on shares of SpaceX in a research note on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 price objective on SpaceX in a research report on Monday. William Blair restated an "outperform" rating on shares of SpaceX in a research note on Friday, October 9th. Weiss Ratings initiated coverage on SpaceX in a research report on Tuesday, September 1st. They issued a "sell (d)" rating on the stock. Finally, UBS Group reaffirmed an "overweight" rating and set a $300.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.97.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction on 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 directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

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

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly 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. 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 last year, the business earned ($0.36) EPS. The company's revenue for the quarter was up 161.4% on a year-over-year basis. As a group, analysts anticipate that SpaceX will post 0.13 earnings per share for the current fiscal year.

Trending Headlines about SpaceX

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.

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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