SpaceX $SPCX Shares Newly Acquired by Gerald Baker Financial Group LLC

Gerald Baker Financial Group LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 3,317 shares of the company’s stock, valued at approximately $500,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SC US Ttgp LTD. acquired a new position in shares of SpaceX in the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the second quarter valued at $6,587,531,000. State Street Corp bought a new stake in shares of SpaceX in the 2nd quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new position in SpaceX during the 2nd quarter valued at about $1,366,880,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nationwide spectrum acquisition strengthens Starlink Mobile. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz low-band spectrum, covering nearly the entire U.S. population. The licenses could improve indoor and ground-level coverage and allow Starlink to offer more complete direct-to-device wireless service, increasing the competitive threat to AT&T, Verizon and T-Mobile. The transaction remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses
• Positive Sentiment: Regulatory approval expands the addressable market. The FCC approved SpaceX’s next-generation Starlink constellation of up to 15,000 satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision supports the company’s mobile-network ambitions and reduces dependence on traditional telecom partners. FCC Approval for 15,000 Starlink Satellites
• Positive Sentiment: Wall Street remains constructive. Barclays initiated coverage with a Buy rating and a $254 price target, while TD Cowen reaffirmed its Buy rating with a $200 target. J.P. Morgan and Morgan Stanley have also maintained bullish views, citing spectrum expansion, Starlink cash generation and SpaceX’s AI-compute opportunity. Barclays Initiates SpaceX Coverage
• Neutral Sentiment: AI growth could be significant but requires substantial capital. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips and expand AI data-center capacity. Supporters view contracted AI demand and Starlink cash flow as potential debt support, but the plan would increase leverage and execution risk. Apollo and Banks Discuss SpaceX Financing
• Negative Sentiment: Share supply and valuation remain risks. Up to approximately 319 million insider shares reportedly became eligible for sale, potentially creating selling pressure. In addition, ARK Invest sold about $4.7 million of SpaceX shares, while critics argue the company’s multitrillion-dollar valuation already discounts substantial success in wireless, AI and space.
• Negative Sentiment: Competitive and geopolitical risks persist. SpaceX’s wireless push has triggered sector-wide concerns, while delays to Starlink’s India launch and warnings about Russian satellite activity highlight regulatory and security risks to the broader Starlink business. Russian Satellite Activity Raises Concerns for Starlink

SpaceX Stock Up 1.2%

SPCX traded up $1.89 during trading on Friday, hitting $162.46. The company had a trading volume of 60,285,052 shares, compared to its average volume of 102,014,133. The stock has a market capitalization of $2.14 trillion and a P/E ratio of -1,804.57. The stock has a 50-day moving average of $143.95. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. Sell-side analysts forecast that SpaceX will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPCX has been the topic of several research reports. Canaccord Genuity Group began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 price target on shares of SpaceX in a research note on Monday, September 28th. Seaport Research Partners cut SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Mizuho assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price for the company. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of SpaceX in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.77.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.