SpaceX $SPCX Stock: Stevens Capital Partners Increases Holdings

Stevens Capital Partners increased its stake in shares of SpaceX (NASDAQ:SPCX) by 87.8% during the third quarter, HoldingsChannel reports. The fund owned 28,821 shares of the company’s stock after acquiring an additional 13,474 shares during the quarter. Stevens Capital Partners’ holdings in SpaceX were worth $4,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Syntax Research Inc. bought a new stake in SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the 2nd quarter worth about $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX during the second quarter valued at about $30,000. Marquette Asset Management LLC acquired a new position in shares of SpaceX during the second quarter valued at about $32,000. Finally, Hickory Point Bank & Trust bought a new stake in shares of SpaceX in the third quarter valued at about $30,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPCX. Yorkville Ives started coverage on SpaceX in a report on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $235.00 price objective on shares of SpaceX in a research report on Monday, September 28th. Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of SpaceX from $240.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, Cantor Fitzgerald boosted their price target on shares of SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, October 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.97.

Insider Transactions at SpaceX

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 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 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.

Key Stories Impacting SpaceX

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

SpaceX Trading Down 6.4%

Shares of SPCX opened at $134.72 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. 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 stock has a 50 day moving average of $149.56.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $14.57 billion for the quarter. During the same quarter last year, the company earned ($0.36) earnings per share. The business’s revenue was up 161.4% on a year-over-year basis. On average, sell-side analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

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.