SpaceX $SPCX Stock Holdings Raised by Claro Advisors Inc.

Claro Advisors Inc. raised its position in SpaceX (NASDAQ:SPCX) by 134.8% in the third quarter, HoldingsChannel.com reports. The fund owned 14,734 shares of the company’s stock after purchasing an additional 8,460 shares during the quarter. Claro Advisors Inc.’s holdings in SpaceX were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Telos Capital Management Inc. bought a new position in shares of SpaceX during the 3rd quarter worth approximately $254,000. Cora Capital Advisors LLC raised its stake in SpaceX by 23.3% in the 3rd quarter. Cora Capital Advisors LLC now owns 1,477 shares of the company’s stock valued at $223,000 after acquiring an additional 279 shares during the period. Avant Financial Advisors LLC bought a new stake in SpaceX in the 3rd quarter valued at $347,000. Quadcap Wealth Management LLC raised its stake in SpaceX by 166.3% in the 3rd quarter. Quadcap Wealth Management LLC now owns 6,391 shares of the company’s stock valued at $964,000 after acquiring an additional 3,991 shares during the period. Finally, MMA Asset Management LLC acquired a new stake in SpaceX during the 3rd quarter valued at $592,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink Mobile gains a major technology partner. SpaceX selected Qualcomm to supply 5G infrastructure technology for its planned U.S. wireless network, supporting its effort to expand beyond satellite connectivity and compete with established carriers. Article: SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
• Positive Sentiment: Analyst coverage offers a counterpoint to the selloff. China Renaissance initiated coverage with a Buy rating and a $194.20 price target, while a separate valuation update cited potential upside from AI and Starlink growth. These are analyst views, not assurances of future performance. Article: SpaceX Stock Today Has These 2 Positives. The Stock Is Still Falling.
• Neutral Sentiment: A proposed change to U.S. launch rules could benefit SpaceX. The proposal may create a more favorable operating environment, but its eventual impact depends on the final rules and implementation. Article: US proposes space launch rule changes in potential boost for SpaceX
• Negative Sentiment: Election results have raised political and regulatory uncertainty. With Democrats controlling Congress and Texas turning blue, investors fear tougher scrutiny and permitting hurdles for AI data centers, as well as obstacles to SpaceX’s expansion and a potential Tesla merger. Article: SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook
• Negative Sentiment: AI exposure and funding needs are weighing on sentiment. The broader AI-stock retreat is hitting SpaceX as investors question the cost and returns of its large computing buildout. Reports that debt-default insurance costs reached a record high add to concerns about perceived credit risk and financing. Article: Elon Musk’s SpaceX Default Risk Hits Record High as Democratic Sweep Adds to AI Rout

Wall Street Analysts Forecast Growth

SPCX has been the subject of several analyst reports. Pivotal Research boosted their target price on shares of SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Moffett Nathanson lifted their price objective on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Mizuho set a $205.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Citigroup upped their target price on SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and an average price target of $243.60.

SpaceX Stock Down 9.0%

SpaceX stock opened at $123.62 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. The company has a market capitalization of $1.68 trillion and a PE ratio of 475.46. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a 50-day simple moving average of $149.32.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $14.57 billion during the quarter. During the same period last year, the company posted ($0.36) EPS. The firm’s revenue was up 161.4% compared to the same quarter last year. As a group, analysts expect that SpaceX will post 0.19 earnings per share for the current year.

Insider Activity

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 shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.