SpaceX $SPCX Stock Position Raised by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group increased its SpaceX stake by 947% in the third quarter, adding 97,351 shares and ending the period with 107,631 shares valued at about $15.9 million.
• SpaceX reported third-quarter revenue of $14.57 billion, up 161.4% year over year, and earnings per share of $0.35, beating the $0.10 analyst consensus.
• SpaceX selected Qualcomm to provide 5G technology for Starlink Mobile, potentially creating a new revenue stream; however, investors face concerns about high spending, execution and valuation, with returns from its AI investments still uncertain.

Chicago Partners Investment Group LLC raised its holdings in shares of SpaceX (NASDAQ:SPCX - Free Report) by 947.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,631 shares of the company's stock after purchasing an additional 97,351 shares during the quarter. Chicago Partners Investment Group LLC's holdings in SpaceX were worth $15,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Syntax Research Inc. acquired a new position in shares of SpaceX in the second quarter valued at $26,000. Atwood & Palmer Inc. acquired a new stake in shares of SpaceX during the 2nd quarter worth about $29,000. PayPay Securities Corp acquired a new stake in shares of SpaceX during the 2nd quarter worth about $30,000. Marquette Asset Management LLC bought a new stake in shares of SpaceX during the 2nd quarter worth about $32,000. Finally, Hickory Point Bank & Trust bought a new stake in shares of SpaceX during the 3rd quarter worth about $30,000.

SpaceX Stock Performance

SPCX opened at $135.92 on Thursday. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The firm has a market cap of $1.85 trillion and a price-to-earnings ratio of 522.77. The stock's fifty day moving average is $149.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company's revenue for the quarter was up 161.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.36) EPS. On average, research analysts predict that SpaceX will post 0.19 earnings per share for the current fiscal year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX selected Qualcomm to provide 5G network technology for Starlink Mobile, supporting its plan to build a nationwide wireless service and potentially opening a new revenue stream. SpaceX selects Qualcomm for Starlink Mobile
• Neutral Sentiment: Recent results showed strong momentum: third-quarter revenue rose 161%, while the Super Intelligence segment grew rapidly. However, the AI build-out requires heavy investment, and the eventual returns remain uncertain. SPCX cloud growth reshapes earnings after Q3 beat
• Negative Sentiment: Democratic gains in Congress and key state races have raised concerns about tougher oversight of AI data centers and potential obstacles to SpaceX’s infrastructure plans. The election outcome has also increased uncertainty around a possible SpaceX–Tesla merger. Why SpaceX stock is down today
• Negative Sentiment: Investors also face concerns about elevated spending, execution risks and a valuation that depends heavily on future growth. Commentary on the AI data-center opportunity notes that substantial profits may take time to materialize. SpaceX stock can get a lift from the Anthropic IPO, but remains unappealing

Insider Activity

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 completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

SPCX has been the subject of several research reports. Phillip Securities upgraded shares of SpaceX from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, October 23rd. Wells Fargo & Company increased their target price on SpaceX from $214.00 to $274.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. The Goldman Sachs Group reissued a "buy" rating and set a $245.00 price target on shares of SpaceX in a report on Wednesday, October 21st. DZ Bank started coverage on SpaceX in a research note on Friday, August 21st. They issued a "sell" rating and a $100.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price objective on shares of SpaceX 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 assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.97.

SpaceX 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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