SpaceX $SPCX Stock: Park Avenue Securities LLC Boosts Stake

Park Avenue Securities LLC raised its stake in SpaceX (NASDAQ:SPCX) by 208.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,729 shares of the company’s stock after purchasing an additional 32,262 shares during the quarter. Park Avenue Securities LLC’s holdings in SpaceX were worth $7,200,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPCX. James T. Borello RIA raised its stake in shares of SpaceX by 41.4% during the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after purchasing an additional 72 shares in the last quarter. Downshift Financial LLC grew its stake in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after buying an additional 113 shares in the last quarter. Barrett & Company Inc. grew its stake in shares of SpaceX by 62.5% in the third quarter. Barrett & Company Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 125 shares in the last quarter. Dedeker Financial LLC grew its stake in shares of SpaceX by 8.0% in the third quarter. Dedeker Financial LLC now owns 1,697 shares of the company’s stock valued at $256,000 after buying an additional 125 shares in the last quarter. Finally, Trifecta Capital Advisors LLC increased its holdings in SpaceX by 112.5% during the third quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock worth $36,000 after buying an additional 126 shares during the last quarter.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI business is becoming SpaceX’s main growth driver. Elon Musk said the company’s “Super Intelligence” division is now larger than its other segments, generating approximately $7.56 billion of third-quarter revenue. Analysts and bullish commentary suggest rapid AI-infrastructure growth could support substantially higher revenue and share prices over the next several years. Elon Musk Says SpaceX Is Now a Super Intelligence Company
• Positive Sentiment: Quarterly results and Starlink momentum remain strong. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, while Starlink added 1.6 million customers and increased average revenue per user. These results reinforce the company’s operating-growth story. SpaceX’s Starlink Just Added 1.6 Million Customers
• Positive Sentiment: Analyst support is providing an upside counterweight. Bernstein raised its price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure and potential orbital data centers. Bank of America also added SpaceX to its list of favored U.S. stocks. SpaceX Stock Rises as Analysts See More Upside
• Neutral Sentiment: Potential wireless expansion and a Tesla merger remain speculative. Musk says SpaceX could build a wireless carrier within two to three years, while Tesla and SpaceX committees are examining a possible merger. Neither development has been finalized, and both could require significant capital or create governance concerns. Elon Musk Says He Can Build a Wireless Carrier
• Negative Sentiment: Investors are concerned about the cost of the AI build-out. SpaceX committed to roughly $40 billion in GPU financing, while a large majority of its reported capital expenditures is directed toward AI. Critics argue that the business has not yet fully paid for this expansion and could face substantial debt and customer-concentration risks, particularly involving Anthropic. SpaceX’s AI Boom Has Yet to Pay for Its Build-Out
• Negative Sentiment: Valuation and IPO volatility are limiting enthusiasm. With a market capitalization near $1.9 trillion and a very high earnings multiple, analysts warn that strong results may already be reflected in the stock. Research on IPOs also highlights the risk of sharp declines during the first year of public trading. A six-week pause in Florida launches and a proposed $3.42 billion share shelf registration add further uncertainty.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SPCX shares. Canaccord Genuity Group began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target on the stock. TD Cowen increased their price target on shares of SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. DZ Bank began coverage on shares of SpaceX in a research report on Friday, August 21st. They issued a “sell” rating and a $100.00 price objective for the company. CLSA assumed coverage on shares of SpaceX in a research note on Monday, September 28th. They set an “outperform” rating and a $250.00 price objective on the stock. Finally, Evercore reaffirmed an “outperform” rating and issued a $275.00 target price on shares of SpaceX in a report on Friday, October 16th. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and a consensus price target of $244.97.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $145.23 on Thursday. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.91 trillion and a price-to-earnings ratio of 558.58. The firm has a fifty day moving average price of $149.46. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share 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 during the quarter. During the same quarter last year, the firm earned ($0.36) EPS. SpaceX’s revenue for the quarter was up 161.4% compared to the same quarter last year. On average, equities analysts anticipate that SpaceX will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.