SpaceX $SPCX Stock: Asset Management One Co. Ltd. Boosts Stake

Key Points

• Asset Management One increased its SpaceX stake by 21.9% in the third quarter, adding 42,773 shares to hold 237,768 shares valued at approximately $35.87 million.
• Institutional interest expanded as several major investors established new positions, while COO Gwynne Shotwell sold 342,170 shares worth about $52.5 million under a pre-arranged Rule 10b5-1 plan.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and average price target of $244.97. SpaceX reported quarterly revenue of $14.57 billion, up 161.4% year over year, but shares traded down 2.3% and carry a very high P/E ratio of 558.58.

Asset Management One Co. Ltd. increased its holdings in shares of SpaceX (NASDAQ:SPCX - Free Report) by 21.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,768 shares of the company's stock after buying an additional 42,773 shares during the period. Asset Management One Co. Ltd.'s holdings in SpaceX were worth $35,870,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. SC US Ttgp LTD. acquired a new position in shares of SpaceX in the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP bought a new position in SpaceX during the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC bought a new position in SpaceX during the 2nd quarter worth approximately $6,587,531,000. State Street Corp acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $1,366,880,000.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective on shares of SpaceX from $200.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. Stifel Nicolaus began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a "buy" rating and a $190.00 price objective for the company. Clear Str upgraded shares of SpaceX to a "strong-buy" rating in a research report on Tuesday, July 7th. Raymond James Financial reissued a "strong-buy" rating on shares of SpaceX in a research note on Wednesday, October 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $245.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, SpaceX currently has a consensus rating of "Moderate Buy" and an average target price of $244.97.

SpaceX Trading Down 2.3%

NASDAQ SPCX opened at $145.23 on Thursday. The firm has a market cap of $1.91 trillion and a P/E ratio of 558.58. The company has a fifty day simple moving average of $149.46. 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 has a 12-month low of $104.83 and a 12-month high of $225.64.

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

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI business is becoming SpaceX’s main growth driver. Elon Musk said the company’s “Super Intelligence” division is now larger than its other segments, generating approximately $7.56 billion of third-quarter revenue. Analysts and bullish commentary suggest rapid AI-infrastructure growth could support substantially higher revenue and share prices over the next several years. Elon Musk Says SpaceX Is Now a Super Intelligence Company
• Positive Sentiment: Quarterly results and Starlink momentum remain strong. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, while Starlink added 1.6 million customers and increased average revenue per user. These results reinforce the company’s operating-growth story. SpaceX’s Starlink Just Added 1.6 Million Customers
• Positive Sentiment: Analyst support is providing an upside counterweight. Bernstein raised its price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure and potential orbital data centers. Bank of America also added SpaceX to its list of favored U.S. stocks. SpaceX Stock Rises as Analysts See More Upside
• Neutral Sentiment: Potential wireless expansion and a Tesla merger remain speculative. Musk says SpaceX could build a wireless carrier within two to three years, while Tesla and SpaceX committees are examining a possible merger. Neither development has been finalized, and both could require significant capital or create governance concerns. Elon Musk Says He Can Build a Wireless Carrier
• Negative Sentiment: Investors are concerned about the cost of the AI build-out. SpaceX committed to roughly $40 billion in GPU financing, while a large majority of its reported capital expenditures is directed toward AI. Critics argue that the business has not yet fully paid for this expansion and could face substantial debt and customer-concentration risks, particularly involving Anthropic. SpaceX’s AI Boom Has Yet to Pay for Its Build-Out
• Negative Sentiment: Valuation and IPO volatility are limiting enthusiasm. With a market capitalization near $1.9 trillion and a very high earnings multiple, analysts warn that strong results may already be reflected in the stock. Research on IPOs also highlights the risk of sharp declines during the first year of public trading. A six-week pause in Florida launches and a proposed $3.42 billion share shelf registration add further uncertainty.

SpaceX Profile

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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