SpaceX $SPCX Stock Holdings Boosted by Almanack Investment Partners LLC.

Key Points

• Almanack Investment Partners increased its SpaceX stake by 332.9% in the third quarter, adding 33,195 shares to hold 43,167 shares worth about $6.5 million.
• SpaceX reported quarterly revenue of $14.57 billion, up 161.4% year over year, and EPS of $0.35, beating the consensus estimate of $0.10.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $243.60; recent growth prospects include a planned Starlink Mobile partnership with Qualcomm, while costly competition and policy uncertainty remain risks.

Almanack Investment Partners LLC. boosted its stake in SpaceX (NASDAQ:SPCX - Free Report) by 332.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,167 shares of the company's stock after purchasing an additional 33,195 shares during the period. SpaceX comprises about 0.5% of Almanack Investment Partners LLC.'s holdings, making the stock its 27th largest holding. Almanack Investment Partners LLC.'s holdings in SpaceX were worth $6,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SPCX. James T. Borello RIA increased its holdings in SpaceX by 41.4% in the 3rd quarter. James T. Borello RIA now owns 246 shares of the company's stock worth $37,000 after purchasing an additional 72 shares in the last quarter. Oakworth Capital Inc. grew its holdings in shares of SpaceX by 17.8% during the third quarter. Oakworth Capital Inc. now owns 483 shares of the company's stock worth $73,000 after purchasing an additional 73 shares during the last quarter. Fonville Wealth Management LLC grew its holdings in shares of SpaceX by 3.8% during the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company's stock worth $410,000 after purchasing an additional 99 shares during the last quarter. Downshift Financial LLC increased its stake in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company's stock valued at $83,000 after buying an additional 113 shares during the period. Finally, Balance Wealth Partners LLC raised its holdings in SpaceX by 5.7% in the 3rd quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company's stock valued at $341,000 after buying an additional 121 shares during the last quarter.

More SpaceX News

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of SpaceX from $254.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 21st. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of SpaceX in a research report on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 price target on shares of SpaceX in a research note on Monday, October 26th. HSBC reiterated a "hold" rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, UBS Group reissued an "overweight" rating and issued a $300.00 price objective on shares of SpaceX in a research note on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.60.

SpaceX Stock Performance

SPCX stock opened at $134.27 on Monday. The company has a market cap of $1.82 trillion and a price-to-earnings ratio of 516.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. The stock has a 50-day simple moving average of $149.18. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating 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 for the quarter. During the same quarter in the previous year, the company earned ($0.36) EPS. The firm's revenue for the quarter was up 161.4% on a year-over-year basis. On average, analysts forecast that SpaceX will post 0.19 earnings per share for the current year.

Insiders Place Their Bets

In other SpaceX 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 value of $52,547,046.90. Following the transaction, the chief operating officer directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Company 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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