SpaceX $SPCX Shares Acquired by D.A. Davidson & CO.

Key Points

• D.A. Davidson increased its SpaceX stake by 69.3% in the third quarter, purchasing 45,134 additional shares and bringing its holdings to 110,301 shares valued at $16.64 million.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $244.97 price target; several firms recently upgraded SpaceX or raised their targets.
• SpaceX reported quarterly revenue of approximately $14.57 billion, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. However, the stock’s roughly $1.9 trillion valuation and 553 price-to-earnings ratio, along with insider selling, highlight significant execution and valuation risks.

D.A. Davidson & CO. increased its stake in SpaceX (NASDAQ:SPCX - Free Report) by 69.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,301 shares of the company's stock after purchasing an additional 45,134 shares during the period. D.A. Davidson & CO.'s holdings in SpaceX were worth $16,640,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPCX. Syntax Research Inc. acquired a new stake in shares of SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX during the second quarter worth $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX during the second quarter valued at $30,000. Marquette Asset Management LLC acquired a new position in shares of SpaceX during the second quarter valued at $32,000. Finally, Hickory Point Bank & Trust acquired a new position in shares of SpaceX during the third quarter valued at $30,000.

Analyst Upgrades and Downgrades

SPCX has been the subject of a number of research reports. Clear Str upgraded SpaceX to a "strong-buy" rating in a research report on Tuesday, July 7th. Evercore reissued an "outperform" rating and set a $275.00 price objective on shares of SpaceX in a report on Friday, October 16th. Oppenheimer upped their target price on shares of SpaceX from $250.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. Argus raised shares of SpaceX from a "hold" rating to a "buy" rating and set a $160.00 target price on the stock in a research note on Friday, August 7th. Finally, Sanford C. Bernstein set a $267.00 price target on shares of SpaceX in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.97.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

SpaceX Stock Down 0.9%

NASDAQ:SPCX opened at $143.89 on Friday. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The company has a market cap of $1.90 trillion and a price-to-earnings ratio of 553.42. The business has a fifty day moving average of $149.55.

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

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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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