SpaceX $SPCX Stock Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in SpaceX (NASDAQ:SPCX) by 409.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,298 shares of the company’s stock after acquiring an additional 149,738 shares during the period. Fifth Third Bancorp’s holdings in SpaceX were worth $28,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPCX. SC US Ttgp LTD. acquired a new stake in SpaceX in the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX in the second quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX in the second quarter worth $6,587,531,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in SpaceX during the third quarter valued at approximately $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at about $3,231,681,000.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

NASDAQ:SPCX opened at $139.11 on Friday. The firm has a 50-day moving average price of $148.90. The company has a market cap of $1.89 trillion and a PE ratio of 535.04. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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 during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.36) EPS. On average, research analysts forecast that SpaceX will post 0.22 EPS for the current year.

Top SpaceX Stories

Investors following SPCX have been watching these stories:

• Positive Sentiment: AI expansion could add a major growth engine: SpaceX plans to invest more than $74 billion in supercomputing campuses in Texas and Arizona. Its latest reported quarterly revenue rose 161% year over year, underscoring the company’s rapid growth. Reuters: SpaceX to invest over $74 billion in supercompute facilities
• Positive Sentiment: Investor backing and Starship potential: Thrive Capital more than doubled its SpaceX stake in the third quarter, with the position valued at about $7.1 billion. Morgan Stanley’s Adam Jonas also sees a successful first attempt to catch both Starship stages as a meaningful milestone that could support a higher valuation. Benzinga: Thrive Capital increases its SpaceX stake
• Neutral Sentiment: Potential Tesla merger remains speculative: Bloomberg reports an announcement could come as soon as December, though talks may extend into early 2027. Tesla’s slower recent revenue growth compared with SpaceX could affect the combined company’s growth profile; terms and shareholder implications remain unclear. The Motley Fool: Potential SpaceX-Tesla deal and its impact

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SPCX shares. Sanford C. Bernstein set a $267.00 price objective on SpaceX in a research report on Monday, October 26th. Wells Fargo & Company boosted their target price on SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. HSBC reiterated a “hold” rating on shares of SpaceX in a research note on Wednesday, October 21st. Citigroup upped their price objective on SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, William Blair reiterated an “outperform” rating on shares of SpaceX in a research report on Friday, October 9th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

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.