SpaceX $SPCX Shares Bought by Diligent Investors LLC

Diligent Investors LLC boosted its stake in SpaceX (NASDAQ:SPCX) by 73.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,984 shares of the company’s stock after purchasing an additional 3,392 shares during the quarter. Diligent Investors LLC’s holdings in SpaceX were worth $1,204,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SPCX. SC US Ttgp LTD. bought a new position in SpaceX in the 2nd quarter worth $20,933,621,000. Darsana Capital Partners LP purchased a new stake in shares of SpaceX in the 2nd quarter worth about $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at about $6,587,531,000. State Street Corp bought a new stake in shares of SpaceX during the 2nd quarter valued at about $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of SpaceX during the second quarter valued at about $1,366,880,000.

SpaceX Price Performance

Shares of SpaceX stock opened at $159.31 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock has a 50-day simple moving average of $149.18. The company has a market cap of $2.10 trillion and a price-to-earnings ratio of -1,770.11. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. During the same period in the prior year, the business posted ($0.36) earnings per share. SpaceX’s revenue for the quarter was up 161.4% compared to the same quarter last year. On average, equities analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’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 transaction of $52,547,046.90. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

SPCX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $235.00 price target on shares of SpaceX in a research note on Monday, September 28th. Wall Street Zen cut SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Yorkville Ives started coverage on SpaceX in a report on Tuesday, October 6th. They set an “outperform” rating and a $225.00 target price on the stock. Stifel Nicolaus began coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 target price for the company. Finally, Susquehanna raised their target price on SpaceX from $173.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.08.

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.