SpaceX $SPCX Stock Acquired by RWQ Financial Management Services Inc.

Key Points

• RWQ Financial Management Services increased its SpaceX stake by 274.4% in the third quarter, acquiring 25,725 additional shares for a total position of 35,100 shares valued at approximately $5.3 billion.
• SpaceX shares rose 0.8% to $147.23, while the company reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat earnings expectations with a loss of $0.09 per share.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average price target of $221.44, though investors face risks from earnings volatility, higher capital spending and regulatory challenges tied to Starlink and the proposed spectrum acquisition.

RWQ Financial Management Services Inc. boosted its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 274.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,100 shares of the company's stock after buying an additional 25,725 shares during the period. SpaceX makes up approximately 3.0% of RWQ Financial Management Services Inc.'s holdings, making the stock its 14th biggest holding. RWQ Financial Management Services Inc.'s holdings in SpaceX were worth $5,295,000 as of its most recent SEC filing.

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

SpaceX Stock Up 0.8%

SPCX traded up $1.20 during trading hours on Monday, hitting $147.23. 50,059,630 shares of the company's stock were exchanged, compared to its average volume of 100,491,391. The company has a market capitalization of $1.94 trillion and a PE ratio of -1,635.74. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The firm has a 50-day moving average price of $148.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) 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 company's revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities research analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts remain constructive on SpaceX’s long-term growth. Bernstein reaffirmed a Buy rating and a $248 price target, while other coverage points to Starlink’s operating profits and the company’s expanding AI opportunity as major sources of potential upside. Bernstein sets SpaceX stock price target
• Positive Sentiment: SpaceX’s proposed acquisition of approximately $8 billion of 800 MHz spectrum could expand Starlink Mobile’s reach into indoor and direct-to-device wireless services. The initiative increases the company’s addressable market and intensifies its challenge to traditional carriers, although regulatory approval remains necessary. SpaceX Is Buying Airwaves to Take On the Wireless Carriers
• Neutral Sentiment: CEO Elon Musk said he plans to give one SpaceX share to every U.S. child next year—potentially covering roughly 70 million children and representing more than $10 billion at recent prices. The pledge generated attention and may broaden public ownership, but details on eligibility, custody and funding have not been provided. Elon Musk says he'll give one share to every child
• Neutral Sentiment: Speculation about a SpaceX-Tesla combination continues, with RBC modeling a transaction that could value Tesla at $480 per share. The potential merger could create strategic synergies around AI, autonomy and infrastructure, but no deal has been announced and analysts note that financing, governance and regulatory hurdles would be substantial. SpaceX, Tesla earnings to test Musk's AI spending ambitions
• Negative Sentiment: The earnings setup is the principal near-term risk. Analysts expect approximately $12.9 billion of revenue and $0.14 in earnings per share, while some research warns that contract timing could produce a miss. Investors will also scrutinize Starlink cash flow and potentially much higher 2027 capital expenditures, which could pressure the stock even if revenue growth remains strong. SpaceX Q3 Earnings Preview
• Negative Sentiment: A Bulgarian court approved arrest warrants for two Germans over a fire involving Starlink equipment. The incident appears isolated, but it adds regulatory and reputational noise around SpaceX’s satellite-internet business. Bulgarian court approves arrest warrant

Analyst Ratings Changes

SPCX has been the topic of several research reports. Wall Street Zen cut shares of SpaceX from a "hold" rating to a "sell" rating in a research report on Saturday, October 3rd. Canaccord Genuity Group assumed coverage on SpaceX in a report on Tuesday, July 7th. They set a "buy" rating and a $246.00 target price for the company. Clear Str raised SpaceX to a "strong-buy" rating in a research note on Tuesday, July 7th. Roth Capital upgraded SpaceX to a "buy" rating in a report on Monday, June 22nd. Finally, Susquehanna upped their price objective on SpaceX from $144.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, SpaceX has a consensus rating of "Moderate Buy" and an average price target of $221.44.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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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