SpaceX $SPCX Stock Purchased by Sloy Dahl & Holst LLC

Key Points

• Sloy Dahl & Holst LLC increased its SpaceX stake by 223.8% in the third quarter, acquiring 15,373 additional shares to hold 22,241 shares valued at approximately $3.36 million.
• Several major institutional investors, including SC US Ttgp, Darsana Capital Partners and State Street, also established substantial SpaceX positions, while COO Gwynne Shotwell sold 342,170 shares worth about $52.5 million under a pre-arranged trading plan.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat analysts’ earnings expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $220.06, despite significant valuation and capital-intensity concerns.

Sloy Dahl & Holst LLC lifted its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 223.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,241 shares of the company's stock after buying an additional 15,373 shares during the period. SpaceX comprises approximately 0.5% of Sloy Dahl & Holst LLC's investment portfolio, making the stock its 22nd biggest position. Sloy Dahl & Holst LLC's holdings in SpaceX were worth $3,355,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. SC US Ttgp LTD. acquired a new stake in shares of SpaceX during the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP bought a new stake in SpaceX during the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC acquired a new position in SpaceX in the 2nd quarter worth about $6,587,531,000. State Street Corp acquired a new position in SpaceX in the 2nd quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in SpaceX in the 2nd quarter worth about $1,366,880,000.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $152.16 on Thursday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a market capitalization of $2.01 trillion and a price-to-earnings ratio of -1,690.67. The business's fifty day simple moving average is $147.51.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. SpaceX's quarterly revenue was up 91.9% compared to the same quarter last year. Sell-side analysts forecast that SpaceX will post 0.07 EPS for the current year.

Analyst Ratings Changes

SPCX has been the topic of a number of recent research reports. Wolfe Research reissued an "outperform" rating and set a $175.00 price target on shares of SpaceX in a research note on Wednesday, August 26th. TD Cowen restated a "buy" rating and set a $200.00 price target on shares of SpaceX in a report on Friday, October 9th. Wedbush started coverage on SpaceX in a research note on Tuesday, June 30th. They issued an "outperform" rating and a $190.00 price objective for the company. Phillip Securities upgraded shares of SpaceX to a "strong sell" rating and set a $75.00 price objective for the company in a report on Friday, July 31st. Finally, Moffett Nathanson raised their price objective on shares of SpaceX from $131.00 to $142.00 and gave the company a "neutral" rating in a report on Monday, September 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, SpaceX has a consensus rating of "Moderate Buy" and an average price target of $220.06.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Starlink momentum: SpaceX reportedly added approximately 570,000 subscribers per month in the second quarter, potentially contributing about $450 million in annual recurring revenue monthly. Starlink remains the company’s primary profitable growth engine, although continued satellite launches are needed to support capacity. Starlink subscriber growth article
• Positive Sentiment: Bullish analyst outlook: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These targets reflect expectations for substantial upside from Starlink, launch services, artificial intelligence and potential mobile connectivity. Morgan Stanley SpaceX price target
• Positive Sentiment: Operational progress: A successful NASA resupply mission reinforced SpaceX’s launch reliability, while its spectrum acquisition could support the expansion of Starlink Mobile into a broader wireless offering.
• Neutral Sentiment: Long-term valuation debate: Supporters argue SpaceX could eventually look inexpensive if it reaches Elon Musk’s aggressive revenue goals, including major growth in Starlink, space-based data centers and mobile services. However, traditional near-term valuation measures remain difficult to justify.
• Negative Sentiment: Capital intensity and dilution concerns: Reports that SpaceX may raise as much as $40 billion in new debt—and potentially require far more to fund AI, chips, satellites and launch infrastructure—are increasing concern about cash burn, leverage and execution risk. An upcoming employee and early-investor share unlock may also add supply.
• Negative Sentiment: Ukraine-related controversy: Ukrainian officials say new Starlink restrictions disrupted military drone operations. The allegations could damage SpaceX’s reputation, increase political scrutiny and create uncertainty around government and defense contracts. Reuters Ukraine Starlink report
• Negative Sentiment: Near-term market pressure: A broader equity sell-off overshadowed the successful launch, while investors remain skeptical that SpaceX can quickly overcome terrestrial-network competition, regulatory hurdles and the substantial cost of building its wireless business.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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