Profund Advisors LLC Acquires New Holdings in SpaceX $SPCX

Profund Advisors LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 273,453 shares of the company’s stock, valued at approximately $41,253,000. SpaceX makes up 1.2% of Profund Advisors LLC’s holdings, making the stock its 15th largest holding.

A number of other large investors have also made changes to their positions in SPCX. ProShare Advisors LLC acquired a new stake in shares of SpaceX during the third quarter worth $625,281,000. Vise Technologies Inc. boosted its holdings in shares of SpaceX by 1,698.8% in the 3rd quarter. Vise Technologies Inc. now owns 184,373 shares of the company’s stock valued at $27,814,000 after purchasing an additional 174,123 shares during the last quarter. Intrua Financial LLC boosted its holdings in SpaceX by 193.3% in the third quarter. Intrua Financial LLC now owns 8,067 shares of the company’s stock valued at $1,217,000 after acquiring an additional 5,317 shares during the last quarter. Summit Global Investments purchased a new stake in SpaceX during the third quarter valued at about $215,000. Finally, Opinicus Capital Inc. raised its holdings in SpaceX by 149.5% in the third quarter. Opinicus Capital Inc. now owns 5,244 shares of the company’s stock valued at $791,000 after buying an additional 3,142 shares during the period.

SpaceX News Roundup

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of SpaceX in a report on Monday, October 19th. Morgan Stanley restated an “overweight” rating on shares of SpaceX in a report on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 target price on shares of SpaceX in a research note on Monday, October 26th. Cantor Fitzgerald raised their price target on shares of SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Finally, William Blair reissued an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.97.

SpaceX Stock Performance

Shares of SPCX opened at $134.72 on Friday. The company has a market capitalization of $1.83 trillion and a price-to-earnings ratio of 518.15. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company’s 50 day simple moving average is $149.56. 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 earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company had revenue of $14.57 billion for the quarter. During the same quarter last year, the business earned ($0.36) earnings per share. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. On average, sell-side analysts anticipate that SpaceX will post 0.19 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.