SpaceX $SPCX Stock Acquired by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management increased its SpaceX position by 231.4% in the third quarter, holding 15,129 shares valued at approximately $2.28 million.
• SpaceX reported strong quarterly growth, with revenue rising 161.4% year over year to about $14.57 billion and EPS of $0.35, beating estimates of $0.10.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $244.97 price target, although COO Gwynne Shotwell sold 342,170 shares worth roughly $52.5 million under a pre-arranged trading plan.

Evergreen Capital Management LLC boosted its position in SpaceX (NASDAQ:SPCX - Free Report) by 231.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,129 shares of the company's stock after acquiring an additional 10,564 shares during the quarter. Evergreen Capital Management LLC's holdings in SpaceX were worth $2,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Syntax Research Inc. purchased a new position in shares of SpaceX in the 2nd quarter worth about $26,000. Atwood & Palmer Inc. purchased a new position in shares of SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX during the 2nd quarter valued at about $30,000. Marquette Asset Management LLC bought a new stake in SpaceX in the 2nd quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust bought a new position in SpaceX during the third quarter valued at approximately $30,000.

Insider Buying and Selling at SpaceX

In other SpaceX 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 transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price target on shares of SpaceX from $214.00 to $274.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Canaccord Genuity Group assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a "buy" rating and a $246.00 target price on the stock. Wolfe Research reaffirmed an "outperform" rating and set a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Pivotal Research boosted their price target on shares of SpaceX from $230.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, October 21st. Finally, Weiss Ratings initiated coverage on SpaceX in a research note on Tuesday, September 1st. They issued a "sell (d)" rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.97.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX's Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX's Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

SpaceX Stock Performance

Shares of SPCX stock opened at $146.90 on Tuesday. The company has a market cap of $1.94 trillion and a price-to-earnings ratio of -1,632.22. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The stock has a 50 day simple moving average of $149.24. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20.

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

About SpaceX

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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