4,011 SpaceX $SPCX Shares Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners grew its holdings in shares of SpaceX (NASDAQ:SPCX) by 205.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,964 shares of the company’s stock after purchasing an additional 4,011 shares during the period. Tennessee Valley Asset Management Partners’ holdings in SpaceX were worth $900,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPCX. Flagship Wealth Advisors LLC raised its stake in SpaceX by 76.1% in the third quarter. Flagship Wealth Advisors LLC now owns 10,083 shares of the company’s stock valued at $1,521,000 after buying an additional 4,357 shares during the last quarter. Tamar Securities LLC grew its stake in shares of SpaceX by 49.2% during the third quarter. Tamar Securities LLC now owns 8,505 shares of the company’s stock worth $1,283,000 after acquiring an additional 2,804 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of SpaceX by 115.0% during the third quarter. Asset Dedication LLC now owns 647 shares of the company’s stock valued at $98,000 after acquiring an additional 346 shares in the last quarter. United Advisor Group LLC increased its holdings in shares of SpaceX by 74.8% during the third quarter. United Advisor Group LLC now owns 5,461 shares of the company’s stock valued at $824,000 after acquiring an additional 2,336 shares in the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of SpaceX in the 3rd quarter valued at approximately $39,000.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the 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 sale, the chief operating officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

NASDAQ SPCX traded up $10.65 during trading hours on Friday, reaching $134.27. The stock had a trading volume of 114,740,906 shares, compared to its average volume of 102,187,288. The company’s fifty day moving average is $149.18. The stock has a market cap of $1.82 trillion and a PE ratio of 516.42. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company had revenue of $14.57 billion during the quarter. During the same period in the prior year, the business posted ($0.36) earnings per share. The business’s quarterly revenue was up 161.4% compared to the same quarter last year. On average, equities research analysts forecast that SpaceX will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Sanford C. Bernstein set a $267.00 target price on shares of SpaceX in a research note on Monday, October 26th. HSBC restated a “hold” rating on shares of SpaceX in a research note on Wednesday, October 21st. Moffett Nathanson raised their price target on shares of SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $245.00 target price on shares of SpaceX in a research report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.60.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

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.