SpaceX $SPCX Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC raised its position in shares of SpaceX (NASDAQ:SPCX) by 201.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,350 shares of the company’s stock after purchasing an additional 12,939 shares during the period. Simplicity Wealth LLC’s holdings in SpaceX were worth $2,919,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its holdings in SpaceX by 4,477.5% in the third quarter. Mountain Hill Investment Partners Corp. now owns 27,465 shares of the company’s stock worth $4,143,000 after buying an additional 26,865 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in SpaceX in the third quarter valued at approximately $5,956,000. Ascent Wealth Partners LLC lifted its stake in SpaceX by 72.0% in the third quarter. Ascent Wealth Partners LLC now owns 2,968 shares of the company’s stock valued at $448,000 after acquiring an additional 1,242 shares during the last quarter. Evergreen Capital Management LLC grew its position in SpaceX by 231.4% in the third quarter. Evergreen Capital Management LLC now owns 15,129 shares of the company’s stock worth $2,282,000 after acquiring an additional 10,564 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. grew its position in SpaceX by 715.7% in the third quarter. DHJJ Financial Advisors Ltd. now owns 571 shares of the company’s stock worth $86,000 after acquiring an additional 501 shares in the last quarter.

More SpaceX News

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 Price Performance

SPCX stock opened at $147.49 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company’s 50-day moving average price is $149.40. The company has a market capitalization of $1.94 trillion and a PE ratio of -1,638.78.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company had revenue of $14.57 billion for the quarter. During the same period in the prior year, the firm earned ($0.36) earnings per share. The business’s quarterly revenue was up 161.4% on a year-over-year basis. Equities analysts expect that SpaceX will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SPCX shares. Mizuho set a $205.00 target price on shares of SpaceX in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $245.00 price target on shares of SpaceX in a research report on Wednesday. Barclays boosted their price target on SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday. Canaccord Genuity Group initiated coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 price objective on shares of SpaceX in a report on Monday, September 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.19.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.