SpaceX $SPCX Stock Bought by Hyperion Asset Management Ltd

Key Points

• Hyperion Asset Management increased its SpaceX stake by 52.8% in the third quarter, purchasing 621,716 additional shares. Its 1.8 million shares were valued at approximately $271.4 million and represented 7.4% of the firm’s portfolio.
• Institutional interest remains broad, while analysts maintain a generally positive outlook: SpaceX has a “Moderate Buy” consensus rating and an average price target of $221.44, despite ratings ranging from Strong Buy to Sell.
• SpaceX shares traded near $147.80, while investors weigh potential growth from Starlink, Starship and AI computing against capital-spending needs, possible borrowing and a lockup expiration that could make more than one billion shares eligible for sale.

Hyperion Asset Management Ltd boosted its holdings in shares of SpaceX (NASDAQ:SPCX - Free Report) by 52.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,798,919 shares of the company's stock after purchasing an additional 621,716 shares during the period. SpaceX comprises approximately 7.4% of Hyperion Asset Management Ltd's holdings, making the stock its 6th largest holding. Hyperion Asset Management Ltd's holdings in SpaceX were worth $271,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Syntax Research Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the second quarter worth $29,000. PayPay Securities Corp purchased a new stake in SpaceX in the second quarter worth $30,000. Hickory Point Bank & Trust bought a new stake in SpaceX in the third quarter valued at $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SpaceX during the 3rd quarter valued at $30,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors are focused on whether Starlink growth, satellite services and AI-computing revenue can support SpaceX’s expansion. SpaceX Q3 Earnings Preview
• Positive Sentiment: Morgan Stanley’s Adam Jonas said a successful Starship mid-air catch could unlock additional valuation upside, although he also flagged potential debt issuance. Starship progress, orbital refueling and lunar-lander development are key investor questions. Starship Catch Could Unlock Valuation Upside
• Positive Sentiment: SpaceX successfully launched the Bandwagon-5 rideshare mission carrying dozens of payloads, reinforcing its launch cadence and commercial space position. SpaceX Bandwagon-5 Launch
• Positive Sentiment: Longer-term optimism remains strong: Bernstein reiterated a Buy rating with a $248 price target, while analysts continue to cite Starlink’s expansion and AI data-center demand as potential growth drivers. Bernstein Sets SpaceX Price Target
• Neutral Sentiment: Options markets imply roughly a 6% to 8% post-earnings move, signaling unusually high uncertainty rather than a clear directional view. Options Traders’ SpaceX Earnings Expectations
• Neutral Sentiment: Speculation about a Tesla–SpaceX merger continues, but no transaction has been announced. Musk’s pledge to give a SpaceX share to every U.S. child also lacks eligibility, funding and distribution details, limiting its immediate financial significance. SpaceX and Tesla Earnings
• Negative Sentiment: Investors worry that AI-computing revenue may come with heavy capital expenditures, financing needs and weaker near-term profitability. Higher 2027 spending guidance or additional borrowing could pressure SPCX. SpaceX Earnings and Financing Needs
• Negative Sentiment: More than one billion shares are expected to become eligible for sale after the quarterly update, creating an overhang and adding to near-term volatility. SpaceX Lockup Expiration

Wall Street Analyst Weigh In

Several brokerages have commented on SPCX. Raymond James Financial restated a "strong-buy" rating on shares of SpaceX in a report on Wednesday, October 14th. Wells Fargo & Company cut their target price on shares of SpaceX from $215.00 to $212.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 8th. Stifel Nicolaus initiated coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $190.00 price target on the stock. DZ Bank started coverage on shares of SpaceX in a report on Friday, August 21st. They issued a "sell" rating and a $100.00 price objective for the company. Finally, Evercore reaffirmed an "outperform" rating and set a $275.00 price objective on shares of SpaceX in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $221.44.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 0.1%

Shares of NASDAQ:SPCX traded down $0.16 during midday trading on Tuesday, reaching $147.80. The company's stock had a trading volume of 50,773,733 shares, compared to its average volume of 100,204,016. The business has a 50 day moving average of $148.63. The stock has a market capitalization of $1.95 trillion and a price-to-earnings ratio of -1,642.26. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

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 analysts' consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. SpaceX's revenue was up 91.9% compared to the same quarter last year. On average, research analysts predict that SpaceX will post 0.07 EPS for the current year.

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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