Flagship Wealth Advisors LLC Purchases 4,357 Shares of SpaceX $SPCX

Flagship Wealth Advisors LLC grew its holdings in shares of SpaceX (NASDAQ:SPCX) by 76.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,083 shares of the company’s stock after purchasing an additional 4,357 shares during the quarter. Flagship Wealth Advisors LLC’s holdings in SpaceX were worth $1,521,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SPCX. Tamar Securities LLC grew its stake in SpaceX by 49.2% during the 3rd quarter. Tamar Securities LLC now owns 8,505 shares of the company’s stock valued at $1,283,000 after acquiring an additional 2,804 shares in the last quarter. Asset Dedication LLC lifted its stake in SpaceX by 115.0% in the 3rd quarter. Asset Dedication LLC now owns 647 shares of the company’s stock worth $98,000 after purchasing an additional 346 shares in the last quarter. United Advisor Group LLC lifted its stake in SpaceX by 74.8% in the 3rd quarter. United Advisor Group LLC now owns 5,461 shares of the company’s stock worth $824,000 after purchasing an additional 2,336 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of SpaceX during the 3rd quarter worth approximately $39,000. Finally, Fund Resources Investment Holding Group Co Ltd boosted its holdings in shares of SpaceX by 100.0% during the 3rd quarter. Fund Resources Investment Holding Group Co Ltd now owns 40,000 shares of the company’s stock worth $6,034,000 after purchasing an additional 20,000 shares during the last quarter.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’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 value of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Up 8.6%

Shares of SPCX traded up $10.65 during trading on Friday, reaching $134.27. 114,740,906 shares of the company traded hands, compared to its average volume of 102,187,288. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The firm has a market cap of $1.82 trillion and a PE ratio of 516.42. The business’s 50-day moving average is $149.18. 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 issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business’s revenue was up 161.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.36) earnings per share. On average, equities research analysts predict that SpaceX will post 0.19 EPS for the current year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SPCX shares. Pivotal Research increased their price target on SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Yorkville Ives initiated coverage on shares of SpaceX in a research note on Tuesday, October 6th. They set an “outperform” rating and a $225.00 target price on the stock. Wall Street Zen raised shares of SpaceX from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Barclays raised their price target on shares of SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 price target on shares of SpaceX in a research report on Monday, September 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $243.60.

SpaceX Company 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.