4,217 Shares in SpaceX $SPCX Bought by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV purchased a new stake in shares of SpaceX (NASDAQ:SPCX) during the third quarter, Holdings Channel reports. The fund purchased 4,217 shares of the company’s stock, valued at approximately $636,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. bought a new stake in shares of SpaceX in the second quarter worth $5,094,000. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX in the 2nd quarter valued at about $201,137,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the second quarter worth about $6,587,531,000. Turner Financial Group Inc. acquired a new position in shares of SpaceX in the second quarter worth approximately $1,228,000. Finally, Rik Saylor Financial Inc. bought a new stake in SpaceX in the second quarter valued at approximately $1,670,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPCX. JPMorgan Chase & Co. reissued a “buy” rating on shares of SpaceX in a research note on Tuesday, August 25th. HSBC initiated coverage on SpaceX in a research note on Thursday, July 23rd. They issued a “hold” rating and a $115.00 price objective on the stock. Barclays initiated coverage on SpaceX in a research note on Thursday. They set an “overweight” rating and a $254.00 target price for the company. Wall Street Zen lowered SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of SpaceX in a research report on Monday, September 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $219.77.

SpaceX Trading Down 4.2%

NASDAQ SPCX opened at $160.57 on Friday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $143.95. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The firm has a market cap of $2.12 trillion and a P/E ratio of -1,784.11.

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

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink spectrum acquisition expands SpaceX’s addressable market. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz licenses, covering as much as 14 MHz of paired spectrum across nearly the entire U.S. The deal could improve indoor coverage and help Starlink develop nationwide satellite-to-phone and terrestrial wireless services, positioning the company as a potential competitor to AT&T, Verizon and T-Mobile. The transaction still requires final FCC approval. Reuters spectrum acquisition report
• Positive Sentiment: Regulatory and analyst support reinforce the growth narrative. The FCC approved SpaceX’s plan for up to 15,000 next-generation Starlink satellites for direct-to-device connectivity, while Morgan Stanley maintained a Buy rating and a $300 price target. Dan Ives also added SpaceX to his AI “Winner List.” FCC satellite approval report
• Positive Sentiment: Investors continue to focus on SpaceX’s long-term AI and connectivity potential. Elon Musk highlighted an eventual opportunity spanning Starship, AI, robotics and space-based industries. SpaceX’s reported AI-compute agreements and Starlink’s operating profitability provide a bullish rationale for its ambitious valuation, although much of this upside remains dependent on execution.
• Neutral Sentiment: Telecom-sector reaction underscores both opportunity and competition. Shares of major wireless carriers declined as investors assessed SpaceX as a new nationwide rival, while cell-tower stocks benefited from expectations that satellite and terrestrial networks may require additional infrastructure.
• Negative Sentiment: A large insider share unlock could increase selling pressure. Approximately 319 million shares, potentially worth up to $51 billion, became eligible for sale, creating a substantial near-term increase in tradable supply.
• Negative Sentiment: Reported AI financing plans raise leverage concerns. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips. The plan could accelerate AI revenue growth, but investors are concerned about debt, capital intensity and credit risk despite the company’s reported cash holdings. CNBC financing report
• Negative Sentiment: Insider selling and international delays add caution. ARK Invest sold approximately $4.7 million of SpaceX shares, while Starlink’s launch in India remains stalled amid regulatory and political disputes. These developments temper the otherwise bullish spectrum and AI announcements.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were 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 approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Company 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.