Vest Financial LLC Buys 5,286 Shares of SpaceX $SPCX

Vest Financial LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel.com reports. The firm purchased 5,286 shares of the company’s stock, valued at approximately $797,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFS Partners LLC boosted its position in SpaceX by 77.9% in the 3rd quarter. PFS Partners LLC now owns 418 shares of the company’s stock valued at $63,000 after buying an additional 183 shares during the last quarter. Magnus Financial Group LLC lifted its stake in shares of SpaceX by 653.7% in the third quarter. Magnus Financial Group LLC now owns 18,836 shares of the company’s stock worth $2,842,000 after acquiring an additional 16,337 shares in the last quarter. Hartford Financial Management Inc. acquired a new position in shares of SpaceX in the third quarter worth about $45,000. Smith Shellnut Wilson LLC ADV acquired a new position in shares of SpaceX in the third quarter worth about $398,000. Finally, Grantvest Financial Group LLC boosted its holdings in SpaceX by 374.4% in the third quarter. Grantvest Financial Group LLC now owns 8,221 shares of the company’s stock valued at $1,240,000 after purchasing an additional 6,488 shares during the last quarter.

SpaceX Stock Performance

NASDAQ:SPCX opened at $147.49 on Friday. 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 market capitalization of $1.94 trillion and a P/E ratio of -1,638.78. SpaceX has a one year low of $104.83 and a one year high of $225.64. The stock has a 50-day moving average price of $149.40.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. During the same quarter in the prior year, the firm earned ($0.36) EPS. The firm’s quarterly revenue was up 161.4% compared to the same quarter last year. On average, equities research analysts forecast that SpaceX will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPCX. Wedbush started coverage on SpaceX in a research note on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective for the company. Stifel Nicolaus started coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price for the company. Mizuho set a $205.00 price target on shares of SpaceX in a research report on Wednesday. Piper Sandler restated a “neutral” rating on shares of SpaceX in a research note on Wednesday. Finally, UBS Group reaffirmed an “overweight” rating and issued a $300.00 price target on shares of SpaceX in a report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.19.

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.