SpaceX $SPCX Holdings Boosted by Verus Capital Partners LLC

Verus Capital Partners LLC grew its stake in SpaceX (NASDAQ:SPCX) by 246.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,737 shares of the company’s stock after acquiring an additional 15,456 shares during the period. Verus Capital Partners LLC’s holdings in SpaceX were worth $3,279,000 at the end of the most recent quarter.

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

SpaceX Stock Performance

SpaceX stock opened at $134.27 on Friday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The company has a market capitalization of $1.82 trillion and a PE ratio of 516.42. The stock’s 50-day simple moving average is $149.18.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. SpaceX’s quarterly revenue was up 161.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.36) EPS. Research analysts forecast that SpaceX will post 0.19 earnings per share for the current 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

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPCX. Royal Bank Of Canada reiterated an “outperform” rating on shares of SpaceX in a research note on Monday, October 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $245.00 target price on shares of SpaceX in a research note on Wednesday, October 21st. Bank of America raised their target price on shares of SpaceX from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. DZ Bank began coverage on shares of SpaceX in a report on Friday, August 21st. They set a “sell” rating and a $100.00 target price on the stock. Finally, Seaport Research Partners lowered shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $243.60.

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.