5,317 SpaceX $SPCX Shares Bought by Intrua Financial LLC

Intrua Financial LLC lifted its position in SpaceX (NASDAQ:SPCX) by 193.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,067 shares of the company’s stock after acquiring an additional 5,317 shares during the period. Intrua Financial LLC’s holdings in SpaceX were worth $1,217,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Syntax Research Inc. bought a new stake in SpaceX during the second quarter worth $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX in the 2nd quarter valued at about $29,000. PayPay Securities Corp bought a new position in shares of SpaceX in the 2nd quarter valued at about $30,000. Hickory Point Bank & Trust acquired a new position in shares of SpaceX during the 3rd quarter worth about $30,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SpaceX during the 3rd quarter worth about $30,000.

Wall Street Analysts Forecast Growth

SPCX has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of SpaceX in a research note on Monday, October 19th. Guggenheim began coverage on SpaceX in a research note on Friday, August 7th. They issued a “buy” rating on the stock. Yorkville Ives assumed coverage on SpaceX in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price objective for the company. Phillip Securities upgraded SpaceX from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Finally, Arete Research set a $450.00 target price on SpaceX in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.97.

Insiders Place Their Bets

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

SpaceX Stock Performance

NASDAQ:SPCX opened at $134.72 on Monday. The business’s 50 day moving average price is $149.56. The firm has a market cap of $1.83 trillion and a PE ratio of 518.15. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.36) EPS. As a group, sell-side analysts forecast that SpaceX will post 0.19 EPS for the current year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

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.