SpaceX $SPCX Stock Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its stake in shares of SpaceX (NASDAQ:SPCX) by 127.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,602 shares of the company’s stock after buying an additional 4,265 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in SpaceX were worth $1,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SC US Ttgp LTD. acquired a new stake in SpaceX during the second quarter worth about $20,933,621,000. Darsana Capital Partners LP acquired a new position in SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC purchased a new position in SpaceX in the second quarter worth approximately $6,587,531,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in SpaceX in the third quarter worth approximately $4,224,143,000. Finally, Thrive Capital Management LLC acquired a new stake in SpaceX during the second quarter worth $3,231,681,000.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: CEO Elon Musk said SpaceX’s annual recurring revenue could reach $100 billion this December and that exceeding $500 billion in December 2027 is his best estimate. The ambitious forecast strengthens the company’s growth narrative, though it depends on substantial expansion. Article
• Positive Sentiment: Stifel reiterated its Buy rating and $190 price target, citing potential growth opportunities, including data-center projects. The analyst endorsement helped reinforce investor confidence. Article
• Positive Sentiment: SpaceX is advancing plans for a roughly $24 billion gas-fired power plant and supercomputing facility in Starbase, potentially supporting its AI infrastructure ambitions. Separately, reports of a major Anthropic computing agreement and Google spending on SpaceX infrastructure point to possible demand for its compute capacity. Article
• Positive Sentiment: SpaceX’s Qualcomm partnership and planned Starlink Mobile deployment starting in 2027 could extend its business into nationwide 5G connectivity. Article
• Neutral Sentiment: NASA’s proposed $10 billion lunar-contract framework creates an opportunity for SpaceX, including a planned 2028 Starship mission, but the broader contracts are competitive rather than guaranteed awards. Article
• Neutral Sentiment: A first attempt to catch both Starship and its booster during Flight 15 could showcase progress in reusability, but the outcome remains uncertain. Article
• Negative Sentiment: Texas Gov.-elect Gina Hinojosa urged the state to pause action on land near Starbase, creating potential uncertainty around SpaceX’s local expansion plans. Investors are also watching whether political opposition could slow data-center development. Article

SpaceX Price Performance

NASDAQ SPCX opened at $142.07 on Tuesday. 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 $1.93 trillion and a P/E ratio of 546.42. The firm has a 50-day moving average price of $149.19. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business had revenue of $14.57 billion for the quarter. During the same period in the prior year, the company posted ($0.36) EPS. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. On average, analysts anticipate that SpaceX will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SPCX. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Friday, August 7th. Susquehanna increased their price target on SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Yorkville Ives assumed coverage on SpaceX in a research report on Tuesday, October 6th. They set an “outperform” rating and a $225.00 price objective for the company. Morgan Stanley restated an “overweight” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Oppenheimer upped their target price on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and an average target price of $243.60.

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.