29,025 Shares of SpaceX $SPCX Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC acquired a new stake in SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,025 shares of the company’s stock, valued at approximately $4,379,000.

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

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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Down 0.4%

Shares of NASDAQ SPCX opened at $146.90 on Tuesday. The firm has a market capitalization of $1.94 trillion and a PE ratio of -1,632.22. The company has a fifty day moving average of $149.24. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08.

SpaceX (NASDAQ:SPCX) last released its 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 net margin of 8.61% and a negative return on equity of 3.24%. The firm’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.36) earnings per share. On average, equities analysts forecast that SpaceX will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPCX. KeyCorp restated a “sector weight” rating on shares of SpaceX in a research report on Wednesday, October 21st. Oppenheimer boosted their target price on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. UBS Group reiterated an “overweight” rating and issued a $300.00 target price on shares of SpaceX in a report on Wednesday, October 21st. Yorkville Ives initiated coverage on shares of SpaceX in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of SpaceX in a report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $244.97.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

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.