SpaceX $SPCX Stock: Robeco Institutional Asset Management B.V. Grows Holdings

Robeco Institutional Asset Management B.V. boosted its position in SpaceX (NASDAQ:SPCX) by 66.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 292,557 shares of the company’s stock after acquiring an additional 116,665 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in SpaceX were worth $44,135,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at SpaceX

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

Wall Street Analyst Weigh In

SPCX has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen increased their price objective on shares of SpaceX from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler reissued a “neutral” rating on shares of SpaceX in a research note on Wednesday. UBS Group restated an “overweight” rating and set a $300.00 target price on shares of SpaceX in a report on Wednesday. Finally, Cantor Fitzgerald upped their price target on shares of SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.19.

SpaceX Stock Down 9.1%

NASDAQ SPCX opened at $144.75 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The business has a 50 day moving average of $149.25. The stock has a market cap of $1.91 trillion and a PE ratio of -1,608.33.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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 firm had revenue of $14.57 billion for the quarter. The firm’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.36) EPS. Sell-side analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

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.