11,766 SpaceX $SPCX Shares Sold by CenterBook Partners LP

CenterBook Partners LP lowered its holdings in SpaceX (NASDAQ:SPCX) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,105 shares of the company’s stock after selling 11,766 shares during the period. SpaceX accounts for 0.7% of CenterBook Partners LP’s investment portfolio, making the stock its 20th biggest position. CenterBook Partners LP’s holdings in SpaceX were worth $16,460,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Viking Fund Management LLC purchased a new position in shares of SpaceX in the 3rd quarter worth about $1,358,000. Diversify Advisory Services LLC increased its position in SpaceX by 34.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock worth $7,205,000 after purchasing an additional 12,292 shares in the last quarter. Avior Wealth Management LLC purchased a new position in SpaceX in the third quarter valued at approximately $2,934,000. Wedbush Securities Inc. purchased a new position in SpaceX in the second quarter valued at approximately $5,094,000. Finally, Apella Capital LLC lifted its position in SpaceX by 218.2% during the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after buying an additional 5,777 shares in the last quarter.

SpaceX Price Performance

NASDAQ SPCX traded up $10.65 on Friday, reaching $134.27. The company had a trading volume of 114,740,906 shares, compared to its average volume of 102,187,288. The firm has a market capitalization of $1.82 trillion and a price-to-earnings ratio of 516.42. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The firm’s 50-day moving average is $149.18. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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 net margin of 8.61% and a negative return on equity of 3.24%. The company had revenue of $14.57 billion for the quarter. During the same quarter in the prior year, the business earned ($0.36) EPS. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. As a group, sell-side analysts expect that SpaceX will post 0.19 EPS for the current fiscal year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

Wall Street Analyst Weigh In

Several research firms have issued reports on SPCX. China Renaissance initiated coverage on shares of SpaceX in a research note on Thursday. They set a “buy” rating and a $194.20 price objective for the company. HSBC reissued a “hold” rating on shares of SpaceX in a research note on Wednesday, October 21st. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Wells Fargo & Company upped their price target on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction 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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.