SpaceX $SPCX Shares Newly Purchased by Yarbrough Capital LLC

Key Points

• Yarbrough Capital LLC initiated a SpaceX position by purchasing 271,832 shares valued at approximately $41.0 million, representing about 1.1% of its portfolio. Several other major institutional investors also recently acquired stakes.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $221.44; coverage includes multiple Buy and Strong Buy ratings.
• SpaceX shares recently traded at $147.96, while quarterly results exceeded expectations with a loss of $0.09 per share and $7.81 billion in revenue, up 91.9% year over year. COO Gwynne Shotwell separately sold $52.5 million worth of shares under a pre-arranged trading plan.

Yarbrough Capital LLC bought a new position in shares of SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 271,832 shares of the company's stock, valued at approximately $41,009,000. SpaceX makes up about 1.1% of Yarbrough Capital LLC's portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SC US Ttgp LTD. bought a new position in SpaceX in the 2nd quarter valued at about $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. State Street Corp bought a new stake in SpaceX during the 2nd quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of SpaceX in the second quarter worth approximately $1,366,880,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $246.00 target price on the stock. Roth Capital raised SpaceX to a "buy" rating in a research report on Monday, June 22nd. CLSA assumed coverage on SpaceX in a report on Monday, September 28th. They set an "outperform" rating and a $250.00 price target for the company. Moffett Nathanson upped their price target on SpaceX from $131.00 to $142.00 and gave the stock a "neutral" rating in a report on Monday, September 14th. Finally, Bank of America began coverage on SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $235.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $221.44.

SpaceX Trading Up 1.3%

Shares of SPCX traded up $1.93 during trading hours on Monday, reaching $147.96. 73,697,866 shares of the stock traded hands, compared to its average volume of 100,789,758. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $148.63. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market cap of $1.95 trillion and a P/E ratio of -1,644.00.

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, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The business's revenue was up 91.9% compared to the same quarter last year. Analysts predict that SpaceX will post 0.07 earnings per share for the current fiscal year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings could provide a catalyst. Analysts reportedly expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors will focus on Starlink cash flow, AI-related revenue, launch activity and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, while other coverage points to upside if Starlink and AI growth justify the company’s ambitious investment program. Bernstein sets SpaceX stock price target
• Positive Sentiment: Starship and Starlink expansion could broaden future revenue. SpaceX is seeking approval for a major increase in Starship launch activity and is pursuing spectrum and direct-to-device opportunities that could make Starlink more competitive in wireless communications. SpaceX plans expanded Starship launches
• Neutral Sentiment: Elon Musk’s proposed stock giveaway generated attention. Musk said he plans to give one SpaceX share to every U.S. child next year, potentially involving roughly $10 billion or more of stock. Details on eligibility, administration and any dilution are not yet clear, limiting the immediate financial significance. Musk SpaceX shares giveaway
• Negative Sentiment: High spending and valuation create downside risk. SpaceX’s AI-computing business is growing but carries significant costs, while analysts are watching whether projected capital expenditures—potentially including an $18.4 billion investment program—will pressure profitability and cash flow. SpaceX earnings and AI spending

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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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