D Orazio & Associates Inc. Buys 163,740 Shares of SpaceX $SPCX

D Orazio & Associates Inc. acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 163,740 shares of the company’s stock, valued at approximately $24,702,000. SpaceX accounts for 2.7% of D Orazio & Associates Inc.’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Marathon Wealth Advisors LLC acquired a new position in SpaceX during the 3rd quarter valued at about $231,000. Account Management LLC acquired a new position in shares of SpaceX during the 3rd quarter valued at $1,343,000. 71 West Capital Partners bought a new stake in SpaceX in the third quarter worth about $1,765,000. Welch & Forbes LLC raised its holdings in shares of SpaceX by 174.7% in the 3rd quarter. Welch & Forbes LLC now owns 4,090 shares of the company’s stock worth $617,000 after purchasing an additional 2,601 shares in the last quarter. Finally, United Capital Management of KS Inc. lifted its position in shares of SpaceX by 41.9% during the 3rd quarter. United Capital Management of KS Inc. now owns 1,957 shares of the company’s stock valued at $295,000 after acquiring an additional 578 shares during the last quarter.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX will compete for up to $10 billion in NASA lunar-base contracts, adding a potential source of business beyond launches and satellite services. The contracts have not yet been awarded. Article: SpaceX to compete for NASA lunar-base contracts
• Positive Sentiment: SpaceX’s AI-computing plans are attracting investor and analyst attention. Deutsche Bank sees tighter data-center rules potentially benefiting the company by limiting available computing capacity and supporting higher prices; reported AI-computing arrangements could also create a new revenue stream. Article: Deutsche Bank on SpaceX and data-center rules
• Neutral Sentiment: The proposed $24 billion Starbase data center and gas-fired power plant could expand SpaceX’s AI capacity and provide dedicated energy, but it remains a plan rather than an operating asset. Article: SpaceX plans a Starbase data center and gas plant
• Negative Sentiment: The Texas project faces policy uncertainty: Governor-elect Gina Hinojosa has supported pausing new hyperscale data centers, and SpaceX is seeking tax breaks. Delays or restrictions could impede the expansion. Article: Texas AI project faces policy hurdles
• Negative Sentiment: Analysts and commentators have flagged the cost of SpaceX’s AI buildout and energy investments, which could pressure cash flow if revenue growth does not justify the heavy spending. Article: SpaceX’s energy investments and cash-flow risk

Analyst Ratings Changes

SPCX has been the subject of a number of analyst reports. Pivotal Research upped their price objective on shares of SpaceX from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Sanford C. Bernstein set a $267.00 price target on SpaceX in a research note on Monday, October 26th. Susquehanna upped their price objective on shares of SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Seaport Research Partners cut SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Finally, China Renaissance initiated coverage on SpaceX in a research report on Thursday, November 5th. They issued a “buy” rating and a $194.20 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned 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, SpaceX has a consensus rating of “Moderate Buy” and an average price target of $243.60.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

NASDAQ:SPCX opened at $143.09 on Wednesday. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $149.18. The company has a market cap of $1.94 trillion and a P/E ratio of 550.35. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating 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 quarter in the prior year, the company posted ($0.36) earnings per share. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. Sell-side analysts forecast that SpaceX will post 0.19 EPS for the current year.

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.