SpaceX $SPCX Shares Newly Acquired by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 87,488 shares of the company’s stock, valued at approximately $13,198,000. SpaceX accounts for about 1.6% of LaFleur & Godfrey LLC’s holdings, making the stock its 18th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. SC US Ttgp LTD. bought a new position in shares of SpaceX in the 2nd quarter valued at about $20,933,621,000. Darsana Capital Partners LP bought a new stake in shares of SpaceX during the second quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new position in SpaceX in the second quarter valued at approximately $6,587,531,000. Thrive Capital Management LLC acquired a new position in SpaceX in the second quarter valued at approximately $3,231,681,000. Finally, State Street Corp bought a new position in SpaceX in the second quarter valued at approximately $1,858,329,000.

Analyst Upgrades and Downgrades

SPCX has been the subject of a number of analyst reports. Canaccord Genuity Group assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price for the company. Sanford C. Bernstein set a $267.00 price target on SpaceX in a research note on Monday. Guggenheim started coverage on SpaceX in a research report on Friday, August 7th. They issued a “buy” rating on the stock. Stifel Nicolaus initiated coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective for the company. Finally, Oppenheimer lifted their price objective on SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.97.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $145.23 on Thursday. The firm has a 50 day moving average price of $149.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The company has a market capitalization of $1.91 trillion and a P/E ratio of 558.58. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results 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. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company had revenue of $14.57 billion during the quarter. During the same period last year, the firm earned ($0.36) EPS. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. On average, sell-side analysts forecast that SpaceX will post 0.13 earnings per share for the current year.

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.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.