True Freedom Investing LLC Buys 6,442 Shares of SpaceX $SPCX

True Freedom Investing LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,442 shares of the company’s stock, valued at approximately $972,000.

Several other institutional investors and hedge funds also recently modified their holdings of SPCX. James T. Borello RIA raised its stake in shares of SpaceX by 41.4% during the third 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. Oakworth Capital Inc. grew its position in SpaceX by 17.8% in the 3rd quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock valued at $73,000 after buying an additional 73 shares in the last quarter. Fonville Wealth Management LLC grew its position in SpaceX by 3.8% in the 3rd quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock valued at $410,000 after buying an additional 99 shares in the last quarter. Downshift Financial LLC increased its stake in SpaceX by 25.7% during the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after buying an additional 113 shares during the period. Finally, Balance Wealth Partners LLC lifted its stake in shares of SpaceX by 5.7% in the 3rd quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company’s stock worth $341,000 after acquiring an additional 121 shares during the period.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $134.72 on Monday. 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 firm has a market cap of $1.83 trillion and a PE ratio of 518.15. The stock has a fifty day moving average of $149.56. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 EPS 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 business had revenue of $14.57 billion during the quarter. During the same period in the prior year, the company earned ($0.36) earnings per share. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. As a group, analysts anticipate that SpaceX will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group reiterated an “overweight” rating and set a $300.00 price objective on shares of SpaceX in a research note on Wednesday, October 21st. Phillip Securities raised SpaceX from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Cantor Fitzgerald raised their target price on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of SpaceX in a report on Wednesday, October 21st. Finally, William Blair restated an “outperform” rating on shares of SpaceX in a research report on Friday, October 9th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is reportedly negotiating to buy EchoStar’s Boost Mobile or gain access to its network. The deal could accelerate Starlink’s direct-to-consumer wireless strategy and provide a large existing customer base. SpaceX in talks to buy Boost Mobile or use its network
• Positive Sentiment: SpaceX’s AI and “super intelligence” operations reportedly generated $7.6 billion in third-quarter revenue, up 830% year over year. The company is also expanding Nvidia GPU capacity and targeting substantial additional data-center capacity in 2027, reinforcing the argument that SpaceX is becoming an AI growth company. Can SpaceX Overcome the AI Trade Sell-Off?
• Positive Sentiment: Starlink continues to expand, reaching 13.6 million subscribers, while enterprise and government revenue reportedly increased 91% year over year. Planned Starship commercial payload flights could further increase satellite-launch capacity and revenue. Starlink’s Subscriber Growth Is Explosive
• Neutral Sentiment: Elon Musk revived discussions around a “Terafab” chip-manufacturing project with TSMC. The initiative could support SpaceX’s AI ambitions, but its cost and execution requirements remain unclear. Why Is SPCX Stock Rebounding in Premarket Today?
• Neutral Sentiment: Special committees are exploring a potential SpaceX-Tesla merger. Such a transaction could broaden SpaceX’s strategic opportunities, but it would be highly complex and could involve substantial dilution for shareholders. Barclays Says a SpaceX Merger Is Now a Key Part of the Tesla Bull Case
• Negative Sentiment: Investors are questioning whether orbital data centers can generate acceptable returns. Jim Chanos cited warnings that the infrastructure could cost dramatically more than SpaceX estimates, while Bill Ackman said an AI buildout might require as much as $1 trillion in borrowing. Jim Chanos Warns About Space Data Center Costs
• Negative Sentiment: Nearly 2 billion shares reportedly became eligible for sale in October, creating potential supply pressure, with a larger unlock expected in June 2027. Investors are also concerned about higher borrowing costs tied to SpaceX’s $40 billion GPU financing arrangement. SpaceX Stock Falls as Share Unlocks Hit the Market
• Negative Sentiment: A federal judge allowed the NAACP’s Clean Air Act lawsuit over gas turbines powering SpaceX’s Memphis-area AI data centers to proceed, preserving regulatory, legal and potential cost risks. SpaceX Loses Bid to Toss NAACP Lawsuit

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.