MBL Wealth LLC Acquires 3,761 Shares of SpaceX $SPCX

MBL Wealth LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 3,761 shares of the company’s stock, valued at approximately $567,000.

Other large investors have also recently bought and sold shares of the company. James T. Borello RIA increased its holdings in shares of SpaceX by 41.4% in the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after purchasing an additional 72 shares in the last quarter. Downshift Financial LLC raised its position in shares of SpaceX by 25.7% during the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after purchasing an additional 113 shares during the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of SpaceX by 112.5% in the third quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock valued at $36,000 after acquiring an additional 126 shares in the last quarter. Decision Investments Inc. lifted its holdings in SpaceX by 10.7% in the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after purchasing an additional 139 shares in the last quarter. Finally, Worthington Financial Partners LLC lifted its stake in shares of SpaceX by 3.0% during the third quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock valued at $737,000 after buying an additional 142 shares during the period.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

SpaceX Trading Up 1.9%

Shares of SpaceX stock opened at $147.49 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a market cap of $1.94 trillion and a PE ratio of -1,638.78. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The business’s 50 day moving average is $149.40.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. The business’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same period last year, the business posted ($0.36) earnings per share. Sell-side analysts predict that SpaceX will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPCX has been the topic of a number of research analyst reports. Mizuho set a $205.00 price target on SpaceX in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday. Clear Str raised shares of SpaceX to a “strong-buy” rating in a research report on Tuesday, July 7th. Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, DZ Bank assumed coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.19.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction 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 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.

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.