Windmill Hill Asset Management Ltd Acquires New Stake in SpaceX $SPCX

Key Points

• Windmill Hill Asset Management acquired 9,904 SpaceX shares worth approximately $1.49 million, making the company its 11th-largest holding and representing 0.3% of its portfolio.
• Several other institutional investors increased their SpaceX positions during the third quarter, signaling continued interest from wealth managers and investment firms.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $244.97 price target. SpaceX also reported quarterly revenue of $14.57 billion, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate.

Windmill Hill Asset Management Ltd acquired a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,904 shares of the company's stock, valued at approximately $1,494,000. SpaceX makes up 0.3% of Windmill Hill Asset Management Ltd's investment portfolio, making the stock its 11th largest holding.

Several other large investors have also recently added to or reduced their stakes in SPCX. James T. Borello RIA lifted its holdings in SpaceX by 41.4% during the 3rd quarter. James T. Borello RIA now owns 246 shares of the company's stock worth $37,000 after buying an additional 72 shares in the last quarter. Oakworth Capital Inc. grew its stake in shares of SpaceX by 17.8% in the third quarter. Oakworth Capital Inc. now owns 483 shares of the company's stock worth $73,000 after acquiring an additional 73 shares in the last quarter. Fonville Wealth Management LLC grew its stake in shares of SpaceX by 3.8% in the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company's stock worth $410,000 after acquiring an additional 99 shares in the last quarter. Downshift Financial LLC grew its stake in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company's stock worth $83,000 after acquiring an additional 113 shares in the last quarter. Finally, Balance Wealth Partners LLC increased its position in shares of SpaceX by 5.7% during the third quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company's stock worth $341,000 after acquiring an additional 121 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Cantor Fitzgerald increased their price objective on SpaceX from $246.00 to $345.00 and gave the company an "overweight" rating in a research note on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $235.00 target price on shares of SpaceX in a research note on Monday, September 28th. Phillip Securities upgraded SpaceX from a "strong sell" rating to a "strong-buy" rating in a report on Friday, October 23rd. UBS Group restated an "overweight" rating and set a $300.00 target price on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Clear Str raised shares of SpaceX to a "strong-buy" rating in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.97.

SpaceX Stock Down 0.9%

Shares of NASDAQ SPCX opened at $143.89 on Friday. The firm has a market cap of $1.90 trillion and a PE ratio of 553.42. The company has a current ratio of 3.08, a quick ratio of 3.00 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 firm has a 50-day moving average price of $149.55.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company's quarterly revenue was up 161.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.36) EPS. Sell-side analysts anticipate that SpaceX will post 0.13 earnings per share for the current year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm's 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 owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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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