Watershed Private Wealth LLC Purchases 14,698 Shares of SpaceX $SPCX

Key Points

• Watershed Private Wealth opened a SpaceX position, buying 14,698 shares worth approximately $2.22 million in the third quarter.
• SpaceX reported quarterly EPS of $0.35, beating the $0.10 consensus, while revenue climbed 161.4% year over year to about $14.57 billion.
• COO Gwynne Shotwell sold 342,170 shares for roughly $52.5 million under a pre-arranged trading plan; she retained about 2.47 million shares.

Watershed Private Wealth LLC purchased a new position in SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,698 shares of the company's stock, valued at approximately $2,217,000.

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

SpaceX Stock Performance

SPCX opened at $141.31 on Wednesday. The company has a quick ratio of 3.00, a current ratio of 3.08 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 stock has a market capitalization of $1.92 trillion and a PE ratio of 543.50. The company's 50 day simple moving average is $149.68.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business's revenue was up 161.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.36) EPS. Research analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction dated 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 directly owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. HSBC reiterated a "hold" rating on shares of SpaceX in a research report on Wednesday, October 21st. Wall Street Zen raised shares of SpaceX from a "sell" rating to a "hold" rating in a research note on Saturday, October 24th. Raymond James Financial restated a "strong-buy" rating on shares of SpaceX in a research report on Wednesday, October 14th. Guggenheim initiated coverage on shares of SpaceX in a research report on Friday, August 7th. They issued a "buy" rating on the stock. Finally, Erste Group Bank initiated coverage on shares of SpaceX in a research note on Thursday, October 8th. They set a "hold" rating for the company. Four equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.97.

About SpaceX

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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