28,594 Shares in SpaceX $SPCX Purchased by Purewater Capital LLC

Purewater Capital LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 28,594 shares of the company’s stock, valued at approximately $4,314,000. SpaceX accounts for approximately 3.4% of Purewater Capital LLC’s holdings, making the stock its 11th biggest position.

Several other institutional investors have also bought and sold shares of SPCX. Sigma Planning Corp lifted its holdings in shares of SpaceX by 63.1% during the third quarter. Sigma Planning Corp now owns 34,670 shares of the company’s stock valued at $5,230,000 after acquiring an additional 13,415 shares during the period. Dedeker Financial LLC grew its holdings in shares of SpaceX by 8.0% in the 3rd quarter. Dedeker Financial LLC now owns 1,697 shares of the company’s stock worth $256,000 after purchasing an additional 125 shares during the last quarter. Straight Path Wealth Management bought a new stake in shares of SpaceX in the 3rd quarter worth about $5,584,000. Samalin Investment Counsel LLC bought a new stake in shares of SpaceX in the 3rd quarter worth about $311,000. Finally, Brandywine Oak Private Wealth LLC acquired a new stake in shares of SpaceX during the 3rd quarter worth about $216,000.

Insiders Place Their Bets

In other SpaceX 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 value of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of SPCX stock opened at $147.49 on Monday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a market capitalization of $1.94 trillion and a PE ratio of -1,638.78. 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 business’s fifty day simple moving average is $149.40.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business had revenue of $14.57 billion during the quarter. During the same period in the prior year, the firm earned ($0.36) earnings per share. The business’s quarterly revenue was up 161.4% compared to the same quarter last year. As a group, analysts forecast that SpaceX will post 0.13 earnings per share for the current fiscal year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

Wall Street Analysts Forecast Growth

SPCX has been the subject of several analyst reports. Canaccord Genuity Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research note on Wednesday. Guggenheim initiated coverage on shares of SpaceX in a report on Friday, August 7th. They set a “buy” rating for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SpaceX in a report on Wednesday, October 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of SpaceX in a research note on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.00.

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.