SpaceX $SPCX Stock: Kestra Advisory Services LLC Grows Stake

Kestra Advisory Services LLC lifted its stake in shares of SpaceX (NASDAQ:SPCX) by 120.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 224,520 shares of the company’s stock after acquiring an additional 122,773 shares during the period. Kestra Advisory Services LLC’s holdings in SpaceX were worth $33,871,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SPCX. Claro Advisors Inc. boosted its position in SpaceX by 134.8% during the third quarter. Claro Advisors Inc. now owns 14,734 shares of the company’s stock worth $2,223,000 after purchasing an additional 8,460 shares during the period. Telos Capital Management Inc. bought a new position in shares of SpaceX in the third quarter valued at approximately $254,000. Cora Capital Advisors LLC raised its position in shares of SpaceX by 23.3% in the third quarter. Cora Capital Advisors LLC now owns 1,477 shares of the company’s stock valued at $223,000 after purchasing an additional 279 shares during the period. Avant Financial Advisors LLC bought a new position in shares of SpaceX in the third quarter valued at approximately $347,000. Finally, Quadcap Wealth Management LLC lifted its stake in shares of SpaceX by 166.3% in the third quarter. Quadcap Wealth Management LLC now owns 6,391 shares of the company’s stock worth $964,000 after buying an additional 3,991 shares during the last quarter.

Key Stories Impacting SpaceX

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

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on Tuesday, September 22nd. The shares were 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 of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Up 8.6%

Shares of SPCX stock traded up $10.65 during trading hours on Friday, reaching $134.27. 114,740,906 shares of the company’s stock were exchanged, compared to its average volume of 102,187,288. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The company has a market capitalization of $1.82 trillion and a PE ratio of 516.42. The business’s fifty 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.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the business posted ($0.36) EPS. The company’s revenue was up 161.4% on a year-over-year basis. As a group, research analysts expect that SpaceX will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Mizuho set a $205.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. Guggenheim began coverage on shares of SpaceX in a report on Friday, August 7th. They issued a “buy” rating on the stock. Pivotal Research lifted their target price on shares of SpaceX from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Barclays boosted their target price on shares of SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Wells Fargo & Company upped their price target on shares of SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $243.60.

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.