SpaceX $SPCX Stock: Pictet Asset Management Holding SA Raises Stake

Pictet Asset Management Holding SA raised its position in shares of SpaceX (NASDAQ:SPCX) by 174.3% in the third quarter, HoldingsChannel reports. The firm owned 436,484 shares of the company’s stock after acquiring an additional 277,369 shares during the period. Pictet Asset Management Holding SA’s holdings in SpaceX were worth $65,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Leelyn Smith LLC acquired a new stake in shares of SpaceX in the 3rd quarter worth approximately $493,000. Allen Operations LLC grew its position in SpaceX by 4.0% in the third quarter. Allen Operations LLC now owns 6,882 shares of the company’s stock worth $1,038,000 after buying an additional 262 shares during the last quarter. Formidable Asset Management LLC bought a new position in shares of SpaceX in the third quarter valued at $260,000. Verus Capital Partners LLC increased its holdings in shares of SpaceX by 246.1% in the third quarter. Verus Capital Partners LLC now owns 21,737 shares of the company’s stock valued at $3,279,000 after buying an additional 15,456 shares in the last quarter. Finally, Investment Management Corp VA ADV acquired a new stake in shares of SpaceX during the 3rd quarter valued at $457,000.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Up 5.8%

NASDAQ SPCX opened at $142.07 on Tuesday. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The business’s fifty day moving average price is $149.19. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.93 trillion and a P/E ratio of 546.42.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The firm’s revenue was up 161.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.36) earnings per share. Equities research analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. TD Cowen upped their target price on SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Phillip Securities upgraded SpaceX from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, October 23rd. Sanford C. Bernstein set a $267.00 price objective on SpaceX in a research note on Monday, October 26th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $245.00 price objective 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 issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and an average price target of $243.60.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: CEO Elon Musk said SpaceX’s annual recurring revenue could reach $100 billion this December and that exceeding $500 billion in December 2027 is his best estimate. The ambitious forecast strengthens the company’s growth narrative, though it depends on substantial expansion. Article
• Positive Sentiment: Stifel reiterated its Buy rating and $190 price target, citing potential growth opportunities, including data-center projects. The analyst endorsement helped reinforce investor confidence. Article
• Positive Sentiment: SpaceX is advancing plans for a roughly $24 billion gas-fired power plant and supercomputing facility in Starbase, potentially supporting its AI infrastructure ambitions. Separately, reports of a major Anthropic computing agreement and Google spending on SpaceX infrastructure point to possible demand for its compute capacity. Article
• Positive Sentiment: SpaceX’s Qualcomm partnership and planned Starlink Mobile deployment starting in 2027 could extend its business into nationwide 5G connectivity. Article
• Neutral Sentiment: NASA’s proposed $10 billion lunar-contract framework creates an opportunity for SpaceX, including a planned 2028 Starship mission, but the broader contracts are competitive rather than guaranteed awards. Article
• Neutral Sentiment: A first attempt to catch both Starship and its booster during Flight 15 could showcase progress in reusability, but the outcome remains uncertain. Article
• Negative Sentiment: Texas Gov.-elect Gina Hinojosa urged the state to pause action on land near Starbase, creating potential uncertainty around SpaceX’s local expansion plans. Investors are also watching whether political opposition could slow data-center development. Article

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.