SpaceX $SPCX Shares Newly Purchased by Elwood & Goetz Wealth Advisory Group LLC

Key Points

• Elwood & Goetz Wealth Advisory Group purchased 18,378 SpaceX shares in the third quarter, valued at approximately $2.77 million. Several other major institutional investors also established multibillion-dollar positions.
• SpaceX reported quarterly revenue of about $14.57 billion, up 161.4% year over year, and EPS of $0.35 versus analysts’ $0.10 estimate. Starlink customer growth and surging AI revenue were highlighted as key business drivers.
• Shares opened at $143.89, while SpaceX’s roughly $1.9 trillion valuation and P/E ratio above 550 raise execution and valuation concerns; COO Gwynne Shotwell also sold about $52.5 million of stock under a Rule 10b5-1 plan.

Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,378 shares of the company's stock, valued at approximately $2,773,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. bought a new position in shares of SpaceX in the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX during the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC purchased a new position in shares of SpaceX during the second quarter valued at approximately $6,587,531,000. Thrive Capital Management LLC bought a new stake in SpaceX during the second quarter worth $3,231,681,000. Finally, State Street Corp bought a new stake in SpaceX during the second quarter worth $1,858,329,000.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction 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 completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

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%

SPCX stock opened at $143.89 on Friday. The company has a market capitalization of $1.90 trillion and a price-to-earnings ratio of 553.42. 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 50 day simple moving average of $149.55. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued 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 business posted ($0.36) earnings per share. The business's revenue was up 161.4% compared to the same quarter last year. On average, research analysts expect that SpaceX will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPCX. Phillip Securities upgraded SpaceX from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, October 23rd. Arete Research set a $450.00 price objective on shares of SpaceX in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $235.00 target price on shares of SpaceX in a research note on Monday, September 28th. KeyCorp reiterated a "sector weight" rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of SpaceX in a research report on Wednesday, October 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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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