SpaceX $SPCX Stock: Strategic Planning Group LLC Boosts Position

Key Points

• Institutional interest increased: Strategic Planning Group LLC raised its SpaceX position by 28.4% to 134,500 shares, valued at approximately $20.3 million. Several other funds also initiated or expanded holdings during the quarter.
• Strong operating results and analyst support: SpaceX reported $14.57 billion in quarterly revenue, up 161% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $244.19, well above the reported $144.75 share price.
• Risks remain: COO Gwynne Shotwell sold roughly $52.5 million of shares under a pre-arranged trading plan, while investors remain concerned about SpaceX’s high valuation, substantial AI infrastructure spending, potential share-sale pressure and geopolitical risks.

Strategic Planning Group LLC grew its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,500 shares of the company's stock after purchasing an additional 29,741 shares during the period. SpaceX makes up 2.1% of Strategic Planning Group LLC's investment portfolio, making the stock its 19th largest position. Strategic Planning Group LLC's holdings in SpaceX were worth $20,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPCX. Viking Fund Management LLC acquired a new stake in shares of SpaceX during the third quarter valued at about $1,358,000. Diversify Advisory Services LLC lifted its holdings in shares of SpaceX by 34.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company's stock worth $7,205,000 after acquiring an additional 12,292 shares during the last quarter. Wedbush Securities Inc. acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $5,094,000. Avior Wealth Management LLC purchased a new position in shares of SpaceX during the 3rd quarter worth approximately $2,934,000. Finally, Apella Capital LLC boosted its position in shares of SpaceX by 218.2% during the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company's stock worth $1,412,000 after purchasing an additional 5,777 shares during the period.

SpaceX Stock Performance

Shares of SPCX opened at $144.75 on Friday. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The stock has a market cap of $1.91 trillion and a PE ratio of -1,608.33. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $149.25.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. The business's revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.36) EPS. Analysts predict that SpaceX will post 0.07 EPS for the current year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPCX shares. Canaccord Genuity Group assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $246.00 target price for the company. Raymond James Financial restated a "strong-buy" rating on shares of SpaceX in a research note on Wednesday, October 14th. TD Cowen raised their price target on SpaceX from $200.00 to $224.00 and gave the stock a "buy" rating in a research report on Wednesday. Stifel Nicolaus initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued a "buy" rating and a $190.00 price objective for the company. Finally, Pivotal Research boosted their price objective on SpaceX from $230.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $244.19.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

SpaceX Company 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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