Lake Street Private Wealth LLC Purchases New Stake in SpaceX $SPCX

Lake Street Private Wealth LLC purchased a new position in SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,033 shares of the company’s stock, valued at approximately $608,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. purchased a new position in SpaceX during the second quarter valued at $20,933,621,000. Darsana Capital Partners LP bought a new stake in SpaceX in the second quarter worth $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX in the second quarter worth $6,587,531,000. State Street Corp purchased a new stake in shares of SpaceX in the second quarter worth $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new position in shares of SpaceX during the second quarter valued at $1,366,880,000.

Trending Headlines about SpaceX

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.

SpaceX Trading Down 9.1%

Shares of SPCX opened at $144.75 on Friday. The stock has a market cap of $1.91 trillion and a P/E ratio of -1,608.33. The company’s fifty day simple moving average is $149.25. SpaceX has a 12 month low of $104.83 and a 12 month 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 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. The business had revenue of $14.57 billion during the quarter. During the same period in the prior year, the company earned ($0.36) EPS. SpaceX’s revenue was up 161.4% on a year-over-year basis. As a group, research analysts forecast that SpaceX will post 0.07 EPS for the current year.

Analysts Set New Price Targets

SPCX has been the subject of several recent analyst reports. Susquehanna lifted their price target on SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday. CLSA assumed coverage on shares of SpaceX in a research note on Monday, September 28th. They issued an “outperform” rating and a $250.00 price target on the stock. Yorkville Ives assumed coverage on shares of SpaceX in a research report on Tuesday, October 6th. They set an “outperform” rating and a $225.00 price objective on the stock. Arete Research set a $450.00 price objective on shares of SpaceX in a research note on Tuesday, August 11th. Finally, TD Cowen raised their price objective on shares of SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.19.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.