SpaceX $SPCX Shares Purchased by Gemmer Asset Management LLC

Gemmer Asset Management LLC raised its stake in shares of SpaceX (NASDAQ:SPCX) by 510.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,272 shares of the company’s stock after buying an additional 6,917 shares during the quarter. Gemmer Asset Management LLC’s holdings in SpaceX were worth $1,248,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. James T. Borello RIA raised its holdings in shares of SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after acquiring an additional 72 shares during the last quarter. Downshift Financial LLC lifted its position in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after acquiring an additional 113 shares in the last quarter. Decision Investments Inc. lifted its position in shares of SpaceX by 10.7% in the third quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after acquiring an additional 139 shares in the last quarter. Worthington Financial Partners LLC boosted its stake in shares of SpaceX by 3.0% during the third quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock valued at $737,000 after acquiring an additional 142 shares during the last quarter. Finally, Syntax Research Inc. acquired a new stake in shares of SpaceX during the second quarter valued at $26,000.

SpaceX Stock Down 1.7%

Shares of SpaceX stock opened at $146.03 on Friday. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The stock has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.56. The business’s fifty day simple moving average is $148.44. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% on a year-over-year basis. Equities research analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup cut SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. HSBC started coverage on shares of SpaceX in a report on Thursday, July 23rd. They issued a “hold” rating and a $115.00 target price on the stock. Guggenheim initiated coverage on shares of SpaceX in a research note on Friday, August 7th. They set a “buy” rating on the stock. Barclays initiated coverage on shares of SpaceX in a report on Friday, October 9th. They set an “overweight” rating and a $254.00 price target for the company. Finally, Pivotal Research reiterated a “buy” rating and set a $230.00 price target on shares of SpaceX in a report on Monday, October 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $221.34.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the 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. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.