SpaceX $SPCX Holdings Increased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in SpaceX (NASDAQ:SPCX) by 235.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,977 shares of the company’s stock after purchasing an additional 123,448 shares during the period. Oppenheimer & Co. Inc.’s holdings in SpaceX were worth $26,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Center for Financial Planning Inc. grew its stake in SpaceX by 407.2% during the 3rd quarter. Center for Financial Planning Inc. now owns 2,688 shares of the company’s stock worth $406,000 after purchasing an additional 2,158 shares in the last quarter. Ballast Rock Private Wealth LLC purchased a new stake in SpaceX during the 3rd quarter worth about $488,000. Tiller Private Wealth Inc. acquired a new stake in SpaceX in the 3rd quarter valued at about $376,000. Park Avenue Securities LLC raised its position in SpaceX by 208.6% in the 3rd quarter. Park Avenue Securities LLC now owns 47,729 shares of the company’s stock valued at $7,200,000 after purchasing an additional 32,262 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new stake in SpaceX in the 3rd quarter valued at about $4,379,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPCX shares. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research report on Monday, October 19th. JPMorgan Chase & Co. raised their target price on shares of SpaceX from $240.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Wells Fargo & Company raised their target price on shares of SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. UBS Group reiterated an “overweight” rating and issued a $300.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Phillip Securities upgraded shares of SpaceX from a “strong sell” rating to a “strong-buy” rating in a report on Friday. Four 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.97.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $146.90 on Tuesday. The stock has a market cap of $1.94 trillion and a P/E ratio of -1,632.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The business’s 50-day simple moving average is $149.24. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data 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 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 company posted ($0.36) earnings per share. The company’s revenue was up 161.4% compared to the same quarter last year. As a group, equities research analysts expect that SpaceX will post 0.13 earnings per share for the current year.

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 stock was 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 $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

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.