13,811 Shares of SpaceX $SPCX Bought by Nikulski Financial Inc.

Nikulski Financial Inc. purchased a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,811 shares of the company’s stock, valued at approximately $2,084,000.

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

SpaceX News Roundup

Investors following SPCX have been watching these news items:

• Positive Sentiment: SpaceX plans to invest more than $74 billion in supercomputing campuses in Texas and Arizona—about $24 billion in Texas and $50 billion in Arizona. The projects could expand its AI infrastructure capacity and support a major growth area. Reuters article
• Positive Sentiment: Investors are also responding to speculation that former Nvidia CEO Jensen Huang could join SpaceX after Elon Musk said hiring him “would be an honor.” A move could bolster the company’s AI ambitions, but no hiring decision has been announced. Benzinga article
• Negative Sentiment: The data-center plans require enormous spending and face local approval and infrastructure questions. Analysts have also cautioned that SpaceX will need to work with Texas officials after recent election results to advance its projects, leaving timing and execution risks. Benzinga article

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

SPCX opened at $139.94 on Friday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The stock has a market cap of $1.90 trillion and a P/E ratio of 538.23. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $149.12.

SpaceX (NASDAQ:SPCX) last posted its 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 firm had revenue of $14.57 billion during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. 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 firm earned ($0.36) EPS. As a group, analysts predict that SpaceX will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPCX has been the subject of a number of recent research reports. UBS Group reiterated an “overweight” rating and issued a $300.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Guggenheim began coverage on shares of SpaceX in a research report on Friday, August 7th. They issued a “buy” rating on the stock. Wells Fargo & Company raised their price objective on shares of SpaceX from $214.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a research report on Monday, October 19th. Finally, Arete Research set a $450.00 price objective on shares of SpaceX in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.60.

SpaceX Company 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.