SpaceX $SPCX Stock Bought by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors increased its SpaceX position by 635.7% in the third quarter, acquiring 38,557 additional shares for a total of 44,622 shares valued at approximately $6.73 million.
• SpaceX reported strong quarterly results, with revenue rising 161.4% year over year to about $14.57 billion and EPS of $0.35 versus the $0.10 consensus estimate. Starlink customer growth and expanding AI operations were highlighted as key growth drivers.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $244.97, though the stock’s roughly $1.9 trillion market capitalization, P/E above 550, insider selling and potential lockup-related selling pose significant risks.

Soltis Investment Advisors LLC grew its position in SpaceX (NASDAQ:SPCX - Free Report) by 635.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,622 shares of the company's stock after acquiring an additional 38,557 shares during the period. Soltis Investment Advisors LLC's holdings in SpaceX were worth $6,732,000 at the end of the most recent quarter.

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

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

SpaceX Trading Down 0.9%

Shares of SpaceX stock opened at $143.89 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The stock has a market cap of $1.90 trillion and a price-to-earnings ratio of 553.42. The company has a 50-day moving average of $149.55.

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

Analysts Set New Price Targets

SPCX has been the subject of a number of recent analyst reports. Mizuho set a $205.00 price objective on SpaceX in a research report on Wednesday, October 21st. Evercore reaffirmed an "outperform" rating and set a $275.00 target price on shares of SpaceX in a research note on Friday, October 16th. Cantor Fitzgerald increased their target price on SpaceX from $246.00 to $345.00 and gave the company an "overweight" rating in a research report on Tuesday, October 20th. Morgan Stanley reissued an "overweight" rating on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Barclays boosted their price target on shares of SpaceX from $254.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $244.97.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm'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 value of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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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