SpaceX $SPCX Stock: Provenance Wealth Advisors LLC Raises Position

Key Points

• Provenance Wealth Advisors increased its SpaceX stake by 49,371.4% in the third quarter, ending the period with 13,852 shares valued at about $2.09 million. Several other institutional investors also opened positions.
• SpaceX reported quarterly revenue of $14.57 billion, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate.
• Analysts’ consensus rating is Moderate Buy, with a $244.97 average price target. The article also highlights risks from SpaceX’s substantial planned spending on AI computing capacity.

Provenance Wealth Advisors LLC increased its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 49,371.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,852 shares of the company's stock after acquiring an additional 13,824 shares during the period. Provenance Wealth Advisors LLC's holdings in SpaceX were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Syntax Research Inc. acquired a new position in SpaceX in the second quarter valued at approximately $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the 2nd quarter worth approximately $29,000. PayPay Securities Corp purchased a new stake in SpaceX in the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in shares of SpaceX during the 3rd quarter worth approximately $30,000.

Analysts Set New Price Targets

SPCX has been the subject of several analyst reports. Clear Str upgraded shares of SpaceX to a "strong-buy" rating in a research note on Tuesday, July 7th. Seaport Research Partners downgraded shares of SpaceX from a "buy" rating to a "neutral" rating in a report on Friday, August 7th. Oppenheimer raised their price target on shares of SpaceX from $250.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of SpaceX in a report on Monday, October 19th. Finally, Sanford C. Bernstein set a $267.00 price objective on shares of SpaceX in a research report on Monday, October 26th. 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 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

SpaceX Trading Up 3.6%

Shares of 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 firm has a 50 day simple moving average of $149.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results 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. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business had revenue of $14.57 billion during the quarter. During the same period in the previous year, the company earned ($0.36) earnings per share. The company's quarterly revenue was up 161.4% compared to the same quarter last year. Equities research analysts forecast that SpaceX will post 0.19 EPS for the current year.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer 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 position. The sale was disclosed in a legal 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 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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