Robeco Institutional Asset Management B.V. Acquires 116,665 Shares of SpaceX $SPCX

Robeco Institutional Asset Management B.V. boosted its holdings in shares of SpaceX (NASDAQ:SPCX) by 66.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,557 shares of the company’s stock after purchasing an additional 116,665 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in SpaceX were worth $44,135,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SPCX. Viking Fund Management LLC bought a new stake in shares of SpaceX in the third quarter worth $1,358,000. Diversify Advisory Services LLC boosted its stake in SpaceX by 34.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock valued at $7,205,000 after acquiring an additional 12,292 shares during the last quarter. Wedbush Securities Inc. bought a new position in SpaceX during the 2nd quarter valued at $5,094,000. Avior Wealth Management LLC bought a new position in SpaceX during the 3rd quarter valued at $2,934,000. Finally, Apella Capital LLC grew its holdings in SpaceX by 218.2% during the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after acquiring an additional 5,777 shares in the last quarter.

Analyst Upgrades and Downgrades

SPCX has been the subject of several research analyst reports. Barclays boosted their target price on shares of SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, August 7th. Stifel Nicolaus began coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price target for the company. Moffett Nathanson boosted their price objective on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Finally, Erste Group Bank assumed coverage on SpaceX in a research note on Thursday, October 8th. They set a “hold” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.19.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

Insider Activity at SpaceX

In related 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 transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer 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.

SpaceX Price Performance

SpaceX stock opened at $144.75 on Friday. 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 has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a fifty day simple moving average of $149.25. The firm has a market capitalization of $1.91 trillion and a P/E ratio of -1,608.33.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. During the same quarter last year, the business earned ($0.36) earnings per share. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. Equities research analysts anticipate that SpaceX will post 0.07 earnings per share for the current year.

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.