39,480 Shares of SpaceX $SPCX Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,480 shares of the company’s stock, valued at approximately $5,956,000.

Several other large investors have also recently modified their holdings of the business. Viking Fund Management LLC bought a new stake in shares of SpaceX in the 3rd quarter worth approximately $1,358,000. Wedbush Securities Inc. bought a new position in shares of SpaceX during the second quarter valued at approximately $5,094,000. Avior Wealth Management LLC bought a new position in shares of SpaceX during the third quarter valued at $2,934,000. Apella Capital LLC grew its holdings in shares of SpaceX by 218.2% during the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after buying an additional 5,777 shares during the last quarter. Finally, Hyperion Asset Management Ltd bought a new stake in shares of SpaceX in the 2nd quarter worth $201,137,000.

SpaceX Stock Down 0.1%

Shares of NASDAQ SPCX opened at $147.79 on Wednesday. The firm has a 50 day moving average price of $148.92. The stock has a market capitalization of $1.95 trillion and a price-to-earnings ratio of -1,642.11. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data 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. The company had revenue of $14.57 billion for the quarter. During the same period in the prior year, the firm earned ($0.36) EPS. The business’s revenue was up 161.4% on a year-over-year basis. As a group, research analysts expect that SpaceX will post 0.07 earnings per share for the current year.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

Wall Street Analyst Weigh In

SPCX has been the subject of a number of recent research reports. Weiss Ratings initiated coverage on SpaceX in a research note on Tuesday, September 1st. They set a “sell (d)” rating for the company. Needham & Company LLC reiterated a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Guggenheim began coverage on SpaceX in a report on Friday, August 7th. They set a “buy” rating on the stock. Wolfe Research restated an “outperform” rating and set a $175.00 price objective on shares of SpaceX in a research report on Wednesday, August 26th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $230.00 price target on shares of SpaceX in a research note on Monday, October 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.