SpaceX $SPCX Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its SpaceX holdings by 656.3% in the third quarter, adding 96,102 shares for a total position of 110,745 shares valued at approximately $16.7 million.
• SpaceX reported strong operating momentum, with quarterly revenue up 91.9% year over year to $7.81 billion and an adjusted earnings loss of $0.09 per share, beating analysts’ expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $221.34 price target, although insider selling, geopolitical concerns involving Starlink and potential share unlocks remain risks.

Assenagon Asset Management S.A. lifted its holdings in shares of SpaceX (NASDAQ:SPCX - Free Report) by 656.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,745 shares of the company's stock after buying an additional 96,102 shares during the quarter. Assenagon Asset Management S.A.'s holdings in SpaceX were worth $16,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SC US Ttgp LTD. bought a new stake in SpaceX during the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX in the second quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp bought a new stake in shares of SpaceX during the 2nd quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in SpaceX during the 2nd quarter worth about $1,366,880,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn't order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $146.03 on Monday. The company has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The business has a 50-day simple moving average of $148.44. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business's revenue was up 91.9% on a year-over-year basis. As a group, research analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPCX. UBS Group restated a "buy" rating on shares of SpaceX in a research note on Tuesday, September 29th. Clear Str upgraded SpaceX to a "strong-buy" rating in a research report on Tuesday, July 7th. Wells Fargo & Company decreased their price target on SpaceX from $215.00 to $212.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 8th. Roth Capital raised shares of SpaceX to a "buy" rating in a report on Monday, June 22nd. Finally, HSBC assumed coverage on shares of SpaceX in a research report on Thursday, July 23rd. They issued a "hold" rating and a $115.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.34.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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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