Oakmont Investment Advisors Inc. Purchases New Stake in SpaceX $SPCX

Oakmont Investment Advisors Inc. acquired a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,930 shares of the company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Syntax Research Inc. acquired a new stake in shares of SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX during the second quarter worth $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX during the second quarter worth $30,000. Marquette Asset Management LLC acquired a new position in shares of SpaceX during the second quarter worth $32,000. Finally, Hickory Point Bank & Trust purchased a new position in SpaceX in the third quarter valued at $30,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

SpaceX Trading Up 7.8%

Shares of NASDAQ:SPCX opened at $159.31 on Thursday. The business’s 50 day moving average is $149.18. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.10 trillion and a P/E ratio of -1,770.11.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. SpaceX’s revenue was up 161.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.36) earnings per share. As a group, equities research analysts predict that SpaceX will post 0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

SPCX has been the topic of a number of analyst reports. Wolfe Research restated an “outperform” rating and issued a $175.00 price target on shares of SpaceX in a research note on Wednesday, August 26th. Arete Research set a $450.00 price target on SpaceX in a report on Tuesday, August 11th. Weiss Ratings started coverage on SpaceX in a research report on Tuesday, September 1st. They set a “sell (d)” rating for the company. Canaccord Genuity Group assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price objective on the stock. Finally, Clear Str raised SpaceX to a “strong-buy” rating in a research report on Tuesday, July 7th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and a consensus price target of $243.08.

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.