41,165 Shares in SpaceX $SPCX Bought by Kessler Investment Group LLC

Kessler Investment Group LLC purchased a new stake in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,165 shares of the company’s stock, valued at approximately $6,210,000. SpaceX accounts for approximately 2.8% of Kessler Investment Group LLC’s holdings, making the stock its 16th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Decision Investments Inc. boosted its holdings in shares of SpaceX by 10.7% in the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after purchasing an additional 139 shares in the last quarter. Syntax Research Inc. bought a new stake in shares of SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX in the 2nd quarter worth $29,000. PayPay Securities Corp bought a new stake in SpaceX during the 2nd quarter valued at $30,000. Finally, Dominguez Wealth Management Solutions Inc. raised its holdings in SpaceX by 8.2% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 2,390 shares of the company’s stock worth $361,000 after buying an additional 182 shares during the last quarter.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The FCC approved SpaceX’s plan to deploy 15,000 additional Starlink satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision could accelerate Starlink’s mobile connectivity expansion. SpaceX gets FCC approval for 15,000 Starlink satellites
• Positive Sentiment: Morgan Stanley reaffirmed a Buy rating and a $300 price target, arguing that Starlink and contracted AI-compute capacity could support SpaceX’s growth and help service the planned AI investment. Morgan Stanley maintains SpaceX Buy rating
• Neutral Sentiment: Erste Group initiated coverage with a Hold rating. The firm sees meaningful potential in SpaceX’s AI operations and core rocket business, but the company’s rapid expansion and valuation leave limited room for execution setbacks. Erste Group initiates SpaceX coverage
• Neutral Sentiment: President Donald Trump’s financial disclosure showed a purchase of as much as $5 million in SpaceX debt. While the investment may attract attention, it does not directly change the company’s operating outlook. Trump disclosure includes SpaceX debt purchase
• Negative Sentiment: SpaceX is reportedly seeking approximately $40 billion—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia AI chips and expand computing capacity. Investors are concerned that the debt could increase leverage and credit risk, particularly because the company already has substantial cash reserves. Apollo and banks discuss SpaceX Nvidia financing
• Negative Sentiment: Up to 328.4 million shares may become eligible for trading in the October 9 lock-up expiration, creating a potential increase in supply and additional selling pressure after the stock’s recent rally. SpaceX share unlock outlook
• Negative Sentiment: Starlink’s launch in India remains stalled. Elon Musk accused powerful local telecom interests of blocking the service, while India rejected the discrimination claim, escalating regulatory and political uncertainty around a potentially important market. Starlink India launch dispute

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s 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 completion of the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SPCX. Erste Group Bank assumed coverage on shares of SpaceX in a research report on Thursday. They set a “hold” rating for the company. Wells Fargo & Company lowered their price objective on SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. CLSA assumed coverage on SpaceX in a report on Monday, September 28th. They set an “outperform” rating and a $250.00 price target for the company. Needham & Company LLC restated a “buy” rating on shares of SpaceX in a research note on Wednesday, September 30th. Finally, Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and a consensus price target of $218.76.

SpaceX Trading Down 3.8%

NASDAQ SPCX traded down $6.29 on Thursday, reaching $161.31. 33,109,971 shares of the stock were exchanged, compared to its average volume of 102,058,617. The firm’s 50-day moving average price is $142.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a market cap of $2.13 trillion and a price-to-earnings ratio of -1,791.50. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. SpaceX’s quarterly revenue was up 91.9% compared to the same quarter last year. Sell-side analysts forecast that SpaceX will post 0.09 earnings per share for the current fiscal year.

About SpaceX

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.