SpaceX $SPCX Stock Purchased by VestGen Advisors LLC

Key Points

• VestGen Advisors increased its SpaceX stake by 285.5% in the third quarter, acquiring 28,035 additional shares and bringing its holdings to 37,855 shares valued at approximately $5.7 million.
• SpaceX reported third-quarter revenue of about $14.6 billion, up 161% year over year, and exceeded earnings expectations; Starlink customer growth and the company’s AI-infrastructure business are key growth drivers.
• Despite generally bullish analyst ratings and a consensus price target of $244.97, investors face risks from SpaceX’s high valuation, substantial AI-buildout costs, negative margins and potential stock volatility.

VestGen Advisors LLC increased its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 285.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,855 shares of the company's stock after buying an additional 28,035 shares during the quarter. VestGen Advisors LLC's holdings in SpaceX were worth $5,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPCX. James T. Borello RIA grew its holdings in SpaceX by 41.4% in the 3rd quarter. James T. Borello RIA now owns 246 shares of the company's stock valued at $37,000 after buying an additional 72 shares in the last quarter. Oakworth Capital Inc. raised its holdings in shares of SpaceX by 17.8% during the 3rd quarter. Oakworth Capital Inc. now owns 483 shares of the company's stock worth $73,000 after acquiring an additional 73 shares during the period. Downshift Financial LLC boosted its position in shares of SpaceX by 25.7% during the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company's stock valued at $83,000 after acquiring an additional 113 shares during the last quarter. Balance Wealth Partners LLC boosted its position in shares of SpaceX by 5.7% during the 3rd quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company's stock valued at $341,000 after acquiring an additional 121 shares during the last quarter. Finally, Barrett & Company Inc. increased its position in SpaceX by 62.5% during the third quarter. Barrett & Company Inc. now owns 325 shares of the company's stock worth $49,000 after purchasing an additional 125 shares during the last quarter.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI business is becoming SpaceX’s main growth driver. Elon Musk said the company’s “Super Intelligence” division is now larger than its other segments, generating approximately $7.56 billion of third-quarter revenue. Analysts and bullish commentary suggest rapid AI-infrastructure growth could support substantially higher revenue and share prices over the next several years. Elon Musk Says SpaceX Is Now a Super Intelligence Company
• Positive Sentiment: Quarterly results and Starlink momentum remain strong. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, while Starlink added 1.6 million customers and increased average revenue per user. These results reinforce the company’s operating-growth story. SpaceX’s Starlink Just Added 1.6 Million Customers
• Positive Sentiment: Analyst support is providing an upside counterweight. Bernstein raised its price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure and potential orbital data centers. Bank of America also added SpaceX to its list of favored U.S. stocks. SpaceX Stock Rises as Analysts See More Upside
• Neutral Sentiment: Potential wireless expansion and a Tesla merger remain speculative. Musk says SpaceX could build a wireless carrier within two to three years, while Tesla and SpaceX committees are examining a possible merger. Neither development has been finalized, and both could require significant capital or create governance concerns. Elon Musk Says He Can Build a Wireless Carrier
• Negative Sentiment: Investors are concerned about the cost of the AI build-out. SpaceX committed to roughly $40 billion in GPU financing, while a large majority of its reported capital expenditures is directed toward AI. Critics argue that the business has not yet fully paid for this expansion and could face substantial debt and customer-concentration risks, particularly involving Anthropic. SpaceX’s AI Boom Has Yet to Pay for Its Build-Out
• Negative Sentiment: Valuation and IPO volatility are limiting enthusiasm. With a market capitalization near $1.9 trillion and a very high earnings multiple, analysts warn that strong results may already be reflected in the stock. Research on IPOs also highlights the risk of sharp declines during the first year of public trading. A six-week pause in Florida launches and a proposed $3.42 billion share shelf registration add further uncertainty.

SpaceX Stock Down 2.3%

Shares of SPCX stock opened at $145.23 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market cap of $1.91 trillion and a PE ratio of 558.58. The firm has a 50 day simple moving average of $149.46.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business had revenue of $14.57 billion during the quarter. During the same quarter last year, the firm earned ($0.36) EPS. The business's revenue was up 161.4% on a year-over-year basis. Analysts expect that SpaceX will post 0.13 EPS for the current fiscal year.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of research firms recently commented on SPCX. Evercore reiterated an "outperform" rating and issued a $275.00 price objective on shares of SpaceX in a report on Friday, October 16th. Guggenheim assumed coverage on SpaceX in a research note on Friday, August 7th. They issued a "buy" rating on the stock. Argus upgraded SpaceX from a "hold" rating to a "buy" rating and set a $160.00 price target for the company in a report on Friday, August 7th. Cantor Fitzgerald raised their price objective on SpaceX from $246.00 to $345.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 20th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of SpaceX in a research report on Wednesday, October 14th. Four 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average 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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