SpaceX $SPCX Stock: Halter Ferguson Financial Inc. Grows Stake

Key Points

• Halter Ferguson Financial sharply increased its SpaceX stake by 32,073.3% in the third quarter, reaching 658,587 shares valued at approximately $99.4 million and representing 17.2% of its portfolio.
• Several other institutional investors also added or initiated positions, while COO Gwynne Shotwell sold 342,170 shares worth about $52.5 million under a pre-arranged Rule 10b5-1 trading plan.
• SpaceX reported strong third-quarter results, with revenue up 161% year over year to roughly $14.6 billion and EPS of $0.35 versus the $0.10 consensus estimate; analysts maintain a Moderate Buy consensus, though heavy capital spending remains a key risk.

Halter Ferguson Financial Inc. increased its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 32,073.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 658,587 shares of the company's stock after buying an additional 656,540 shares during the quarter. SpaceX comprises approximately 17.2% of Halter Ferguson Financial Inc.'s portfolio, making the stock its 2nd biggest position. Halter Ferguson Financial Inc.'s holdings in SpaceX were worth $99,354,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Oakmont Investment Advisors Inc. purchased a new stake in shares of SpaceX during the 3rd quarter valued at about $593,000. Foster Victor Wealth Advisors LLC raised its holdings in shares of SpaceX by 44.9% during the third quarter. Foster Victor Wealth Advisors LLC now owns 15,687 shares of the company's stock valued at $2,321,000 after purchasing an additional 4,864 shares during the last quarter. Kachkovsky & Fisher Inc. purchased a new position in shares of SpaceX during the third quarter valued at approximately $469,000. Wealth Management Partners LLC raised its holdings in shares of SpaceX by 136.4% during the third quarter. Wealth Management Partners LLC now owns 26,962 shares of the company's stock valued at $4,067,000 after purchasing an additional 15,555 shares during the last quarter. Finally, Vest Financial LLC bought a new position in SpaceX during the third quarter valued at approximately $797,000.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

SpaceX Stock Up 7.8%

NASDAQ SPCX opened at $159.31 on Thursday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market cap of $2.10 trillion and a price-to-earnings ratio of -1,770.11. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The company's 50-day simple moving average is $149.18.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued 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. The business had revenue of $14.57 billion during the quarter. The firm's revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.36) EPS. As a group, equities research analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPCX. Bank of America started coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $235.00 target price on the stock. Clear Str upgraded shares of SpaceX to a "strong-buy" rating in a research note on Tuesday, July 7th. Cantor Fitzgerald increased their price target on SpaceX from $246.00 to $345.00 and gave the company an "overweight" rating in a report on Tuesday. Seaport Research Partners cut SpaceX from a "buy" rating to a "neutral" rating in a report on Friday, August 7th. Finally, Arete Research set a $450.00 price target on SpaceX in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.08.

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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