Investment House LLC Makes New $3.74 Million Investment in SpaceX $SPCX

Investment House LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 24,777 shares of the company’s stock, valued at approximately $3,738,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Syntax Research Inc. acquired a new stake in SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX during the 2nd quarter worth about $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX during the 2nd quarter worth about $30,000. Hickory Point Bank & Trust acquired a new position in shares of SpaceX during the 3rd quarter worth about $30,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SpaceX in the 3rd quarter valued at about $30,000.

SpaceX Price Performance

Shares of SPCX opened at $144.75 on Friday. The company has a market cap of $1.91 trillion and a P/E ratio of -1,608.33. The company has a 50-day moving average price of $149.25. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last issued its earnings results 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. The firm had revenue of $14.57 billion during the quarter. During the same quarter last year, the firm posted ($0.36) earnings per share. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. Analysts expect that SpaceX will post 0.07 earnings per share for the current year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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 transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing 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 News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
• Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
• Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
• Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
• Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
• Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Cantor Fitzgerald lifted their target price on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research report on Tuesday. Seaport Research Partners downgraded SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Evercore restated an “outperform” rating and issued a $275.00 price target on shares of SpaceX in a research note on Friday, October 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research report on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and an average price target of $244.19.

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.