SpaceX $SPCX Shares Acquired by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth increased its SpaceX stake by 439% in the third quarter, adding 11,730 shares to bring its holding to 14,402 shares, valued at about $2.17 million.
• COO Gwynne Shotwell sold 342,170 shares for approximately $52.5 million under a pre-arranged Rule 10b5-1 trading plan; she retained 2.47 million shares after the sale.
• SpaceX beat quarterly EPS estimates and reported revenue growth of 161.4% year over year. Analysts’ consensus rating was “Moderate Buy,” with a $243.60 average price target.

Ashton Thomas Private Wealth LLC grew its stake in SpaceX (NASDAQ:SPCX - Free Report) by 439.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,402 shares of the company's stock after buying an additional 11,730 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in SpaceX were worth $2,173,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. SC US Ttgp LTD. purchased a new stake in SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP bought a new stake in SpaceX during the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX during the 2nd quarter worth approximately $6,587,531,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in SpaceX during the third quarter valued at approximately $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new position in SpaceX during the second quarter valued at approximately $3,231,681,000.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPCX. Morgan Stanley restated an "overweight" rating on shares of SpaceX in a research report on Wednesday, October 21st. Oppenheimer upped their target price on shares of SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $235.00 price target on shares of SpaceX in a research note on Monday, September 28th. Phillip Securities raised SpaceX from a "strong sell" rating to a "strong-buy" rating in a report on Friday, October 23rd. Finally, CLSA started coverage on SpaceX in a research report on Monday, September 28th. They issued an "outperform" rating and a $250.00 price objective on the stock. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, SpaceX has a consensus rating of "Moderate Buy" and a consensus price target of $243.60.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: CEO Elon Musk said SpaceX’s annual recurring revenue could reach $100 billion this December and that exceeding $500 billion in December 2027 is his best estimate. The ambitious forecast strengthens the company’s growth narrative, though it depends on substantial expansion. Article
• Positive Sentiment: Stifel reiterated its Buy rating and $190 price target, citing potential growth opportunities, including data-center projects. The analyst endorsement helped reinforce investor confidence. Article
• Positive Sentiment: SpaceX is advancing plans for a roughly $24 billion gas-fired power plant and supercomputing facility in Starbase, potentially supporting its AI infrastructure ambitions. Separately, reports of a major Anthropic computing agreement and Google spending on SpaceX infrastructure point to possible demand for its compute capacity. Article
• Positive Sentiment: SpaceX’s Qualcomm partnership and planned Starlink Mobile deployment starting in 2027 could extend its business into nationwide 5G connectivity. Article
• Neutral Sentiment: NASA’s proposed $10 billion lunar-contract framework creates an opportunity for SpaceX, including a planned 2028 Starship mission, but the broader contracts are competitive rather than guaranteed awards. Article
• Neutral Sentiment: A first attempt to catch both Starship and its booster during Flight 15 could showcase progress in reusability, but the outcome remains uncertain. Article
• Negative Sentiment: Texas Gov.-elect Gina Hinojosa urged the state to pause action on land near Starbase, creating potential uncertainty around SpaceX’s local expansion plans. Investors are also watching whether political opposition could slow data-center development. Article

SpaceX Stock Up 5.8%

Shares of SPCX stock opened at $142.07 on Tuesday. The business has a fifty day moving average of $149.19. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market cap of $1.93 trillion and a PE ratio of 546.42. 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 quarterly earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter. During the same period in the previous year, the company posted ($0.36) earnings per share. SpaceX's quarterly revenue was up 161.4% on a year-over-year basis. On average, analysts anticipate that SpaceX will post 0.19 EPS for the current fiscal year.

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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