SpaceX $SPCX Stock: AdvisorNet Financial Inc Increases Holdings

AdvisorNet Financial Inc grew its position in SpaceX (NASDAQ:SPCX - Free Report) by 831.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 15,328 shares of the company's stock after acquiring an additional 13,683 shares during the period. AdvisorNet Financial Inc's holdings in SpaceX were worth $2,332,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Downshift Financial LLC lifted its holdings in shares of SpaceX by 25.7% during the third quarter. Downshift Financial LLC now owns 553 shares of the company's stock worth $83,000 after purchasing an additional 113 shares during the period. Decision Investments Inc. raised its position in SpaceX by 10.7% during the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company's stock worth $218,000 after purchasing an additional 139 shares during the last quarter. Worthington Financial Partners LLC raised its position in SpaceX by 3.0% during the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company's stock worth $737,000 after purchasing an additional 142 shares during the last quarter. Syntax Research Inc. acquired a new position in SpaceX during the 2nd quarter worth about $26,000. Finally, Perpetual Ltd grew its position in shares of SpaceX by 4.1% in the 3rd quarter. Perpetual Ltd now owns 4,020 shares of the company's stock valued at $606,000 after buying an additional 159 shares during the last quarter.

SpaceX Stock Down 1.7%

Shares of NASDAQ SPCX opened at $146.03 on Friday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The company has a 50-day simple moving average of $148.44.

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. SpaceX's revenue for the quarter was up 91.9% compared to the same quarter last year. Sell-side analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on SPCX shares. Seaport Research Partners lowered SpaceX from a "buy" rating to a "neutral" rating in a research note on Friday, August 7th. Roth Capital raised shares of SpaceX to a "buy" rating in a research report on Monday, June 22nd. KeyCorp reissued a "sector weight" rating on shares of SpaceX in a research report on Tuesday, July 28th. Needham & Company LLC restated a "buy" rating on shares of SpaceX in a report on Wednesday, September 30th. Finally, Oppenheimer boosted their price target on shares of SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $221.34.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn't order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insider Transactions at SpaceX

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

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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