273,453 Shares in SpaceX $SPCX Acquired by Profund Advisors LLC

Profund Advisors LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, Holdings Channel.com reports. The firm bought 273,453 shares of the company’s stock, valued at approximately $41,253,000. SpaceX accounts for approximately 1.2% of Profund Advisors LLC’s holdings, making the stock its 15th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SC US Ttgp LTD. bought a new position in SpaceX in the second quarter valued at about $20,933,621,000. Darsana Capital Partners LP bought a new stake in SpaceX during the 2nd quarter worth about $17,335,783,000. K5 Global Advisor LLC acquired a new position in SpaceX during the 2nd quarter valued at about $6,587,531,000. Thrive Capital Management LLC acquired a new position in SpaceX during the 2nd quarter valued at about $3,231,681,000. Finally, State Street Corp bought a new position in shares of SpaceX in the 2nd quarter valued at about $1,858,329,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler reissued a “neutral” rating on shares of SpaceX in a research note on Wednesday, October 21st. Citigroup upped their price target on SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a report on Wednesday, October 14th. Cantor Fitzgerald lifted their price objective on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, October 20th. Finally, Moffett Nathanson increased their target price on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SpaceX presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.97.

SpaceX Price Performance

Shares of NASDAQ:SPCX opened at $134.72 on Friday. 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 50-day simple moving average is $149.56. The company has a market cap of $1.83 trillion and a PE ratio of 518.15. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results 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 return on equity of 3.24% and a negative net margin of 8.61%. The firm had revenue of $14.57 billion for the quarter. During the same period last year, the firm earned ($0.36) EPS. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. On average, analysts anticipate that SpaceX will post 0.19 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale 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.