KMG Fiduciary Partners LLC Buys 18,564 Shares of SpaceX $SPCX

KMG Fiduciary Partners LLC bought a new position in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,564 shares of the company’s stock, valued at approximately $2,801,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPCX. Wedbush Securities Inc. bought a new position in shares of SpaceX during the 2nd quarter worth approximately $5,094,000. Apella Capital LLC grew its holdings in shares of SpaceX by 218.2% in the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after acquiring an additional 5,777 shares in the last quarter. Hyperion Asset Management Ltd bought a new position in shares of SpaceX in the second quarter valued at approximately $201,137,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX during the second quarter valued at approximately $6,587,531,000. Finally, Turner Financial Group Inc. purchased a new stake in shares of SpaceX during the second quarter valued at approximately $1,228,000.

SpaceX Stock Down 4.2%

SpaceX stock opened at $156.54 on Wednesday. The company’s 50 day moving average is $146.63. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a market cap of $2.06 trillion and a P/E ratio of -1,739.33.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The company’s revenue was up 91.9% on a year-over-year basis. Equities analysts expect that SpaceX will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPCX. William Blair reiterated an “outperform” rating on shares of SpaceX in a report on Friday. Susquehanna upped their price objective on SpaceX from $144.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Needham & Company LLC reaffirmed a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Stifel Nicolaus began coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price on the stock. Finally, CLSA initiated coverage on SpaceX in a research note on Monday, September 28th. They set an “outperform” rating and a $250.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and an average price target of $220.06.

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 value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly 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 filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s proposed acquisition of nationwide low-band spectrum could provide the foundation for Starlink Mobile, expanding the company beyond satellite internet into direct wireless services. Analysts see significant long-term revenue potential, although the strategy requires substantial investment. Space Exploration Technologies Eyes Telecom Reach
• Positive Sentiment: A successful recent Starship orbital milestone and a new Falcon 9 cargo launch highlight SpaceX’s operating progress. The company is seeking approval to eventually conduct as many as 456 Starship launches annually, which could materially increase launch capacity if regulators approve the plan. Why the Starship Launch Is a Big Deal
• Positive Sentiment: Investors remain focused on growth opportunities including Terafab, a planned Texas chip complex intended to supply custom processors for SpaceX’s orbital data centers and AI systems. Several analysts maintain bullish ratings and see substantial upside if Starship, Starlink and AI initiatives scale successfully. What Is SpaceX Building With Its New Texas Chip Complex?
• Neutral Sentiment: The broader space investment market is projected to exceed $100 billion in 2026, partly because SpaceX’s IPO and launch-capacity constraints are attracting capital to competing rocket and satellite businesses. This supports industry demand but does not directly resolve SpaceX’s execution challenges. Space Investment to Top $100 Billion
• Negative Sentiment: SpaceX reportedly plans to raise approximately $40 billion in new debt to fund Nvidia chips and its AI build-out. Reports that borrowing costs and the cost of insuring against default are rising have increased concerns about leverage, cash burn and future dilution or financing requirements. Bond Investors Are Wary of SpaceX’s Borrowing Binge
• Negative Sentiment: The FAA has begun an environmental review of the proposed South Texas expansion. Approval could enable a dramatic increase in Starship activity, but the review introduces regulatory uncertainty and potential delays. FAA Begins Environmental Review
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena in an AI-safety investigation. The proceeding adds headline and reputational risk as the company expands into AI. SpaceX Agrees to Testify About AI Safety
• Negative Sentiment: Some analysts question whether the spectrum purchase and wireless ambitions are being priced too aggressively, particularly given SpaceX’s current losses and the technical limitations of satellite capacity in dense urban markets.

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.