QTR Family Wealth LLC Makes New Investment in SpaceX $SPCX

QTR Family Wealth LLC acquired a new stake in SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,806 shares of the company’s stock, valued at approximately $1,781,000. SpaceX makes up about 0.7% of QTR Family Wealth LLC’s portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Syntax Research Inc. acquired a new position in SpaceX during the 2nd quarter worth $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX during the 2nd quarter worth about $29,000. PayPay Securities Corp acquired a new stake in SpaceX in the 2nd quarter valued at about $30,000. Hickory Point Bank & Trust acquired a new stake in SpaceX in the 3rd quarter valued at about $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SpaceX in the 3rd quarter valued at about $30,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SPCX shares. Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Bank of America upped their target price on shares of SpaceX from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $235.00 target price on shares of SpaceX in a report on Monday, September 28th. Mizuho set a $205.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Oppenheimer boosted their price target on shares of SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.60.

Insider Buying and Selling at SpaceX

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

SpaceX Price Performance

NASDAQ:SPCX opened at $123.62 on Friday. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.68 trillion and a price-to-earnings ratio of 475.46. The company has a fifty day simple moving average of $149.32.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm’s quarterly revenue was up 161.4% on a year-over-year basis. During the same period last year, the firm earned ($0.36) earnings per share. As a group, equities analysts anticipate that SpaceX will post 0.19 EPS for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink Mobile gains a major technology partner. SpaceX selected Qualcomm to supply 5G infrastructure technology for its planned U.S. wireless network, supporting its effort to expand beyond satellite connectivity and compete with established carriers. Article: SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
• Positive Sentiment: Analyst coverage offers a counterpoint to the selloff. China Renaissance initiated coverage with a Buy rating and a $194.20 price target, while a separate valuation update cited potential upside from AI and Starlink growth. These are analyst views, not assurances of future performance. Article: SpaceX Stock Today Has These 2 Positives. The Stock Is Still Falling.
• Neutral Sentiment: A proposed change to U.S. launch rules could benefit SpaceX. The proposal may create a more favorable operating environment, but its eventual impact depends on the final rules and implementation. Article: US proposes space launch rule changes in potential boost for SpaceX
• Negative Sentiment: Election results have raised political and regulatory uncertainty. With Democrats controlling Congress and Texas turning blue, investors fear tougher scrutiny and permitting hurdles for AI data centers, as well as obstacles to SpaceX’s expansion and a potential Tesla merger. Article: SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook
• Negative Sentiment: AI exposure and funding needs are weighing on sentiment. The broader AI-stock retreat is hitting SpaceX as investors question the cost and returns of its large computing buildout. Reports that debt-default insurance costs reached a record high add to concerns about perceived credit risk and financing. Article: Elon Musk’s SpaceX Default Risk Hits Record High as Democratic Sweep Adds to AI Rout

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.