SpaceX $SPCX Stock Acquired by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors increased its SpaceX position by 79.9% in the third quarter to 84,507 shares valued at approximately $12.75 million. Several other major institutional investors also reported acquiring substantial stakes.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and posted an EPS loss of $0.09 that beat analysts’ expectations. The stock recently traded near $147.96, well below its 12-month high of $225.64.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $221.44, although targets range from $100 to $235. COO Gwynne Shotwell separately sold 342,170 shares worth about $52.5 million under a pre-arranged trading plan.

Teamwork Financial Advisors LLC boosted its position in shares of SpaceX (NASDAQ:SPCX - Free Report) by 79.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,507 shares of the company's stock after purchasing an additional 37,525 shares during the quarter. SpaceX accounts for about 1.4% of Teamwork Financial Advisors LLC's investment portfolio, making the stock its 29th biggest holding. Teamwork Financial Advisors LLC's holdings in SpaceX were worth $12,749,000 at the end of the most recent reporting period.

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

SpaceX Price Performance

Shares of SpaceX stock traded up $1.93 on Monday, hitting $147.96. The company had a trading volume of 73,697,866 shares, compared to its average volume of 100,789,758. The company has a 50-day simple moving average of $148.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a market capitalization of $1.95 trillion and a price-to-earnings ratio of -1,644.00.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The company's revenue for the quarter was up 91.9% compared to the same quarter last year. Equities analysts predict that SpaceX will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

SPCX has been the topic of several research analyst reports. Daiwa Securities Group began coverage on SpaceX in a research note on Thursday, July 2nd. They set a "neutral" rating and a $175.00 price objective on the stock. DZ Bank started coverage on SpaceX in a research note on Friday, August 21st. They issued a "sell" rating and a $100.00 target price for the company. Stifel Nicolaus assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $190.00 price target for the company. Mizuho started coverage on SpaceX in a report on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 price target for the company. Finally, Bank of America began coverage on SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $235.00 price target on the stock. Three equities research 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $221.44.

Key SpaceX News

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

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction on 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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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