SpaceX $SPCX Stock Holdings Boosted by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC raised its position in SpaceX (NASDAQ:SPCX) by 76.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,083 shares of the company’s stock after acquiring an additional 4,357 shares during the quarter. Flagship Wealth Advisors LLC’s holdings in SpaceX were worth $1,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SC US Ttgp LTD. acquired a new stake in shares of SpaceX during the second quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC acquired a new position in shares of SpaceX in the second quarter valued at approximately $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SpaceX in the third quarter valued at approximately $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new stake in SpaceX during the 2nd quarter worth approximately $3,231,681,000.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Susquehanna increased their target price on shares of SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 price objective on SpaceX in a research report on Monday, October 26th. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Wells Fargo & Company increased their price objective on SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, HSBC reiterated a “hold” 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 issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.60.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Up 8.6%

NASDAQ:SPCX traded up $10.65 during mid-day trading on Friday, hitting $134.27. The stock had a trading volume of 114,740,906 shares, compared to its average volume of 102,187,288. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The firm’s 50-day simple 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. The company has a market capitalization of $1.82 trillion and a P/E ratio of 516.42.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.36) earnings per share. Sell-side analysts predict that SpaceX will post 0.19 EPS for the current fiscal year.

SpaceX 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.