Private Wealth Partners LLC bought a new stake of 14,084 shares of SpaceX (NASDAQ:SPCX) in the third quarter, worth about $2,125,000, according to an SEC filing. Other institutional investors also added to or reduced their holdings, with Insight Advisors LLC PA raising its stake by 47.3%. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and EPS of $0.35 against a $0.10 estimate, while its AI segment reportedly earned $431 million in net income. PhilipCapital upgraded the stock from 'Sell' to 'Buy' with a $250 target, and Bank of America raised its target to $275. The article also flags that SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising about $40 billion of debt at relatively high interest rates.
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