Ballew Advisors Inc Acquires New Stake in SpaceX $SPCX

Ballew Advisors Inc bought a new position in SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel reports. The firm bought 3,359 shares of the company’s stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tompkins Financial Corp bought a new stake in SpaceX in the third quarter worth $83,000. Baker Tilly Wealth Management LLC purchased a new stake in shares of SpaceX in the third quarter valued at $221,000. Eastern Bank purchased a new stake in shares of SpaceX in the third quarter valued at $194,000. Rockland Trust Co. bought a new stake in shares of SpaceX in the 3rd quarter worth about $327,000. Finally, Polaris Financial Partners purchased a new position in shares of SpaceX during the 3rd quarter worth about $66,000.

SpaceX Trading Up 7.6%

Shares of SpaceX stock traded up $12.13 on Monday, hitting $171.09. 134,612,312 shares of the company traded hands, compared to its average volume of 103,210,273. 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 stock has a market cap of $2.26 trillion and a P/E ratio of -1,901.00. The company has a 50 day moving average of $139.62. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The company’s revenue was up 91.9% on a year-over-year basis. As a group, research analysts anticipate that SpaceX will post 0.02 EPS for the current fiscal year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction 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 transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Morgan Stanley reiterated its Buy/Overweight rating and $300 price target, calling SpaceX “cheap and getting cheaper” on a growth-adjusted basis. The firm highlighted potential upside from Starlink, AI computing, power infrastructure and chipmaking. SpaceX shares rise as Morgan Stanley reiterates $300 target
• Positive Sentiment: Recent launch execution reinforced SpaceX’s core business. The company completed a crewed NASA mission to the International Space Station in record time, launched Google AI chips into orbit and conducted multiple launches over a short period. A U.S. defense SDA mission is scheduled for another attempt after a scrub. SpaceX stock climbs to highest since June
• Positive Sentiment: Investors are assigning more value to SpaceX’s AI opportunity. Reports say SpaceX held discussions with Microsoft about leasing AI-computing capacity, while Bernstein expects AI revenue to grow sharply. Musk also confirmed talks with TSMC regarding a dedicated chip facility serving Tesla, SpaceX and xAI, although no agreement has been announced. Microsoft could be SpaceX’s next big AI customer
• Positive Sentiment: SpaceX proposed a 32.4-mile natural-gas pipeline in Florida to support launch operations near Cape Canaveral. The project could improve fuel and energy infrastructure for a higher launch cadence, though it requires regulatory approval. SpaceX seeks approval for Florida gas pipeline
• Neutral Sentiment: SpaceX is renaming its AI unit from SpaceXAI to SpaceXSI, reflecting Musk’s “super intelligence” strategy. The rebrand emphasizes ambition but does not yet represent additional revenue or a confirmed commercial partnership. SpaceX is now a super intelligence company
• Negative Sentiment: Some commentary cautioned that SpaceX’s valuation remains highly speculative and that controversy surrounding Musk’s renewed government involvement could create reputational and political risks. Investors also face execution risk as the company expands into capital-intensive AI, chipmaking and launch infrastructure. Why government involvement could be trouble for SpaceX’s stock

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research raised shares of SpaceX to a “hold” rating in a research report on Monday, June 15th. Barclays upgraded SpaceX from an “underweight” rating to an “overweight” rating in a research report on Monday, June 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. Pivotal Research began coverage on SpaceX in a research note on Tuesday, September 8th. They set a “buy” rating and a $220.00 price target for the company. Finally, Cfra began coverage on SpaceX in a report on Friday, June 12th. They set a “sell” rating and a $115.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $218.68.

SpaceX Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.