76,072 SpaceX $SPCX Shares Purchased by Inscription Capital LLC

Inscription Capital LLC lifted its position in shares of SpaceX (NASDAQ:SPCX) by 907.0% in the third quarter, HoldingsChannel.com reports. The firm owned 84,459 shares of the company’s stock after purchasing an additional 76,072 shares during the period. SpaceX comprises 1.4% of Inscription Capital LLC’s investment portfolio, making the stock its 10th largest position. Inscription Capital LLC’s holdings in SpaceX were worth $12,741,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Syntax Research Inc. purchased a new position in SpaceX during the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. bought a new position in SpaceX during the 2nd quarter valued at approximately $29,000. PayPay Securities Corp bought a new position in SpaceX during the 2nd quarter valued at approximately $30,000. Hickory Point Bank & Trust purchased a new stake in SpaceX in the 3rd quarter worth approximately $30,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in SpaceX in the 3rd quarter worth approximately $30,000.

Insider Transactions at SpaceX

In other 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 transaction, the chief operating officer directly 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 sale 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.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink Mobile gains a major technology partner. SpaceX selected Qualcomm to supply 5G infrastructure technology for its planned U.S. wireless network, supporting its effort to expand beyond satellite connectivity and compete with established carriers. Article: SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
• Positive Sentiment: Analyst coverage offers a counterpoint to the selloff. China Renaissance initiated coverage with a Buy rating and a $194.20 price target, while a separate valuation update cited potential upside from AI and Starlink growth. These are analyst views, not assurances of future performance. Article: SpaceX Stock Today Has These 2 Positives. The Stock Is Still Falling.
• Neutral Sentiment: A proposed change to U.S. launch rules could benefit SpaceX. The proposal may create a more favorable operating environment, but its eventual impact depends on the final rules and implementation. Article: US proposes space launch rule changes in potential boost for SpaceX
• Negative Sentiment: Election results have raised political and regulatory uncertainty. With Democrats controlling Congress and Texas turning blue, investors fear tougher scrutiny and permitting hurdles for AI data centers, as well as obstacles to SpaceX’s expansion and a potential Tesla merger. Article: SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook
• Negative Sentiment: AI exposure and funding needs are weighing on sentiment. The broader AI-stock retreat is hitting SpaceX as investors question the cost and returns of its large computing buildout. Reports that debt-default insurance costs reached a record high add to concerns about perceived credit risk and financing. Article: Elon Musk’s SpaceX Default Risk Hits Record High as Democratic Sweep Adds to AI Rout

Analyst Upgrades and Downgrades

SPCX has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $245.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research note on Wednesday, October 21st. JPMorgan Chase & Co. raised their price target on SpaceX from $240.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, Susquehanna lifted their price target on shares of SpaceX from $173.00 to $176.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and a consensus price target of $243.60.

SpaceX Price Performance

SPCX stock opened at $123.62 on Friday. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The company has a market capitalization of $1.68 trillion and a P/E ratio of 475.46. The business has a 50-day moving average of $149.32. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company’s revenue was up 161.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.36) EPS. On average, equities research analysts expect that SpaceX will post 0.19 earnings per share for the current fiscal year.

SpaceX Company Profile

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.