SpaceX $SPCX Stock: Alps Advisors Inc. Boosts Stake

Key Points

• Alps Advisors increased its SpaceX stake by 318.6% in the third quarter, adding 19,723 shares to hold 25,914 shares valued at about $3.91 million. Several other funds also opened new positions.
• SpaceX reported quarterly EPS of $0.35, beating the $0.10 consensus estimate, while revenue rose 161.4% year over year to $14.57 billion.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $243.60; the stock opened at $134.27 in the article’s cited session.

Alps Advisors Inc. grew its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 318.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,914 shares of the company's stock after buying an additional 19,723 shares during the period. Alps Advisors Inc.'s holdings in SpaceX were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Syntax Research Inc. purchased a new position in SpaceX during the second quarter valued at $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp bought a new position in shares of SpaceX during the 2nd quarter valued at about $30,000. Hickory Point Bank & Trust bought a new position in shares of SpaceX during the 3rd quarter valued at about $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SpaceX during the third quarter valued at about $30,000.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $134.27 on Monday. The stock's 50 day moving average is $149.18. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a market capitalization of $1.82 trillion and a PE ratio of 516.42.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.25. The business 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%. The company's revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.36) earnings per share. As a group, equities research analysts anticipate that SpaceX will post 0.19 earnings per share for the current fiscal year.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

Wall Street Analysts Forecast Growth

SPCX has been the topic of several research reports. Susquehanna lifted their target price on SpaceX from $173.00 to $176.00 and gave the stock a "neutral" rating in a report on Wednesday, October 21st. KeyCorp reissued a "sector weight" rating on shares of SpaceX in a research note on Wednesday, October 21st. Moffett Nathanson raised their price target on SpaceX from $131.00 to $142.00 and gave the company a "neutral" rating in a report on Monday, September 14th. Piper Sandler reaffirmed a "neutral" rating on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, SpaceX has an average rating of "Moderate Buy" and a consensus price target of $243.60.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business'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 of the company's stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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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