ICG Advisors LLC Makes New $6.26 Million Investment in SpaceX $SPCX

ICG Advisors LLC bought a new position in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 41,512 shares of the company’s stock, valued at approximately $6,262,000. SpaceX accounts for about 4.6% of ICG Advisors LLC’s holdings, making the stock its 3rd largest holding.

A number of other institutional investors have also bought and sold shares of SPCX. Syntax Research Inc. bought a new stake in SpaceX during the second quarter valued at about $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX in the second quarter worth about $29,000. PayPay Securities Corp purchased a new stake in shares of SpaceX during the second quarter worth about $30,000. Marquette Asset Management LLC purchased a new stake in shares of SpaceX during the second quarter worth about $32,000. Finally, Hickory Point Bank & Trust bought a new stake in SpaceX during the 3rd quarter valued at approximately $30,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Potential AI and Starlink growth: Investors want evidence that SpaceX’s AI-computing business, Starlink connectivity and space infrastructure can produce sustainable revenue. Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. SpaceX earnings: AI revenue, financing needs and Tesla merger talks in focus
• Positive Sentiment: Musk’s proposed stock gift: Elon Musk said he plans to give one SpaceX share to every U.S. child in 2027, potentially distributing roughly $10 billion of his personal holdings. Because the proposed transfer involves Musk’s shares rather than a new company issuance, it may support public awareness without directly diluting SpaceX shareholders. Elon Musk says he’ll give one share to every child in America
• Neutral Sentiment: Merger speculation remains a catalyst: Investors are looking for updates on a possible Tesla-SpaceX combination, but the timing and structure remain uncertain. A merger could create strategic advantages by combining AI, autonomy, satellite and data assets, while also increasing execution and valuation risks. SpaceX, Tesla earnings to test Musk’s AI spending ambitions
• Negative Sentiment: High earnings and spending expectations: The market is watching AI revenue, cash flow, financing needs and 2027 capital-expenditure guidance. A revenue miss or sharply higher spending could renew concerns that the AI buildout is consuming too much capital. SpaceX earnings will be all about AI
• Negative Sentiment: Lockup expiration could add supply: More than one billion shares are expected to become eligible for sale after the earnings update, creating a possible overhang and increasing volatility. A massive SpaceX stock lockup expiration is coming

SpaceX Price Performance

NASDAQ:SPCX opened at $147.96 on Tuesday. The company has a market cap of $1.95 trillion and a P/E ratio of -1,644.00. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The business has a 50 day moving average price of $148.63. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. As a group, analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SPCX shares. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Tuesday, September 29th. Barclays started coverage on shares of SpaceX in a report on Friday, October 9th. They issued an “overweight” rating and a $254.00 target price on the stock. Benchmark began coverage on shares of SpaceX in a research report on Monday, June 22nd. They set a “buy” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a research note on Monday. Finally, DZ Bank initiated coverage on shares of SpaceX in a report on Friday, August 21st. They issued a “sell” rating and a $100.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.44.

About SpaceX

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.