SpaceX $SPCX Stock Holdings Raised by Third View Private Wealth LLC

Key Points

• Third View Private Wealth increased its SpaceX holdings by 106.9% in the third quarter, adding 13,829 shares to reach 26,760 shares valued at about $4.04 million.
• SpaceX reported quarterly revenue of about $14.57 billion, up 161.4% year over year, and EPS of $0.35, beating the $0.10 consensus estimate. The company still posted a negative net margin.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $244.97; meanwhile, the company’s ambitious AI-computing expansion and forecast capital spending of $35 billion–$40 billion raise concerns about costs and returns.

Third View Private Wealth LLC lifted its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 106.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,760 shares of the company's stock after purchasing an additional 13,829 shares during the period. Third View Private Wealth LLC's holdings in SpaceX were worth $4,037,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Syntax Research Inc. bought a new stake in SpaceX during the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. acquired a new stake in SpaceX in the 2nd quarter valued at approximately $29,000. PayPay Securities Corp bought a new position in SpaceX in the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC bought a new position in SpaceX in the 2nd quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust acquired a new position in shares of SpaceX during the third quarter worth approximately $30,000.

SpaceX Stock Up 3.6%

NASDAQ:SPCX opened at $141.31 on Wednesday. The firm has a market capitalization of $1.92 trillion and a price-to-earnings ratio of 543.50. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. 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 company has a 50-day moving average price of $149.68.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted 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 company had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business's quarterly revenue was up 161.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.36) EPS. On average, research analysts expect that SpaceX will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPCX has been the subject of several research reports. William Blair reissued an "outperform" rating on shares of SpaceX in a research report on Friday, October 9th. Bank of America boosted their price target on SpaceX from $235.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, October 22nd. Yorkville Ives started coverage on shares of SpaceX in a report on Tuesday, October 6th. They issued an "outperform" rating and a $225.00 price target on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of SpaceX in a report on Wednesday, October 14th. Finally, Piper Sandler reissued a "neutral" rating on shares of SpaceX in a research note on Wednesday, October 21st. Four equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.97.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported a strong third quarter: revenue rose 161% year over year to $14.58 billion and earnings beat estimates. Its AI-related Super Intelligence business grew rapidly, while Starlink added 1.6 million subscribers. The results support the company’s growth story. SpaceX Q3 earnings call highlights
• Positive Sentiment: Reported talks to buy Boost Mobile or access its network have raised hopes SpaceX could pair Starlink coverage with an existing customer base and expand into wireless. A deal could accelerate market entry, though it remains uncertain. SpaceX Starlink’s telecom ground game takes shape
• Neutral Sentiment: SpaceX objected to a proposed OKXICE listing of third-party tokenized shares. The move could restrict a new avenue for trading exposure to SpaceX, but the reports do not indicate a direct change to the company’s business or financial performance. SpaceX blocks tokenized stock listing on OKXICE
• Negative Sentiment: The AI buildout carries substantial cost: reports say SpaceX raised its fourth-quarter capital-spending forecast to $35 billion–$40 billion and is targeting major computing-capacity expansion. Investors may worry that spending and funding needs will outpace returns, particularly given the company’s ambitious revenue goals. SpaceX raises 2026 capex forecast as AI compute demand surges
• Negative Sentiment: The Boost Mobile strategy is not assured: the business relies on network leases from incumbent carriers, which could complicate a transfer or limit SpaceX’s ability to compete. A potential Anthropic IPO may also draw investor money and attention away from SpaceX’s AI ambitions. SpaceX could be biggest loser from successful Anthropic IPO

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.