ProShare Advisors LLC Buys 4,144,774 Shares of SpaceX $SPCX

ProShare Advisors LLC acquired a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,144,774 shares of the company's stock, valued at approximately $625,281,000. SpaceX comprises approximately 0.9% of ProShare Advisors LLC's investment portfolio, making the stock its 15th biggest position.

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Several other large investors also recently added to or reduced their stakes in the business. SC US Ttgp LTD. acquired a new stake in SpaceX during the second quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX during the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC acquired a new position in shares of SpaceX during the second quarter worth about $6,587,531,000. Thrive Capital Management LLC acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $3,231,681,000. Finally, State Street Corp bought a new stake in shares of SpaceX during the 2nd quarter worth about $1,858,329,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

Wall Street Analysts Forecast Growth

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A number of research firms have recently commented on SPCX. Phillip Securities raised 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 target price on SpaceX in a research note on Monday, October 26th. Citigroup increased their price objective on shares of SpaceX from $200.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. CLSA started coverage on SpaceX in a research report on Monday, September 28th. They set an "outperform" rating and a $250.00 target price for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price target on shares of SpaceX in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $244.97.

View Our Latest Stock Report on SpaceX

Insider Buying and Selling at SpaceX

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In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business's 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 directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

NASDAQ SPCX opened at $134.72 on Friday. The company has a market cap of $1.83 trillion and a PE ratio of 518.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a 50 day moving average price of $149.56.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its 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 for 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 in the previous year, the firm earned ($0.36) EPS. On average, equities research analysts forecast that SpaceX will post 0.19 EPS for the current year.

About SpaceX

(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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