Strategic Planning Group LLC Buys 29,741 Shares of SpaceX $SPCX

by · The Cerbat Gem

Strategic Planning Group LLC grew its stake in shares of SpaceX (NASDAQ:SPCX – Free Report) by 28.4% during the third quarter, Holdings Channel reports. The firm owned 134,500 shares of the company’s stock after purchasing an additional 29,741 shares during the period. SpaceX makes up approximately 2.1% of Strategic Planning Group LLC’s investment portfolio, making the stock its 19th largest position. Strategic Planning Group LLC’s holdings in SpaceX were worth $20,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. SC US Ttgp LTD. acquired a new position in shares of SpaceX in the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP acquired a new stake in SpaceX during the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC purchased a new stake in SpaceX in the second quarter valued at $6,587,531,000. State Street Corp purchased a new stake in SpaceX in the second quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in SpaceX in the second quarter valued at $1,366,880,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

  • Positive Sentiment: Exceptional third-quarter performance: Revenue rose 161% year over year to $14.58 billion, while EPS of $0.35 exceeded the $0.10 consensus estimate. SpaceX also swung to a reported $4.4 billion profit, led by its rapidly growing Super Intelligence division. SpaceX Just Became an AI Company
  • Positive Sentiment: Upbeat outlook and analyst support: Management expects first-quarter 2027 revenue of $33 billion to $37 billion. Bank of America raised its price target to $275, and other firms also lifted targets after the earnings beat. SpaceX wins higher price target
  • Positive Sentiment: AI and wireless expansion: SpaceX’s AI revenue reportedly grew 830% year over year, while the company is seeking access to at least 80,000 U.S. cell sites to support a Starlink wireless network. A potential $11 billion annual compute arrangement with Google further highlights demand for its infrastructure. SpaceX seeks access to U.S. cell sites
  • Neutral Sentiment: Tesla merger remains speculative: Independent committees at SpaceX and Tesla are exploring a combination that could create strategic AI, robotics, energy, and transportation synergies. However, valuation, regulatory approval, Tesla’s China operations, and Musk’s conflict-of-interest recusal remain significant obstacles. SpaceX-Tesla merger approval
  • Negative Sentiment: Heavy capital requirements: Investors are increasingly focused on the enormous spending required for AI data centers and chips. Funding concerns, rising financing costs, and projected cash burn could offset the segment’s rapid revenue growth.
  • Negative Sentiment: Valuation and supply pressure: Critics argue SPCX remains expensive even after incorporating the new forecast, while a large block of insider shares becoming eligible for sale could add selling pressure. Reports that Musk slowed Starlink service in Ukraine also create reputational and geopolitical risk.

SpaceX Price Performance

Shares of NASDAQ:SPCX opened at $144.75 on Friday. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market cap of $1.91 trillion and a PE ratio of -1,608.33. The stock’s fifty day simple moving average is $149.25.

SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.36) EPS. Sell-side analysts expect that SpaceX will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America raised their price objective on SpaceX from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday. Seaport Research Partners downgraded SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of SpaceX in a report on Wednesday. Wall Street Zen cut SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Finally, Daiwa Securities Group initiated coverage on SpaceX in a research note on Thursday, July 2nd. They set a “neutral” rating and a $175.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.19.

Read Our Latest Analysis on SpaceX

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Profile

(Free Report)

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.

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