Compass Financial Group INC SD Acquires 3,264 Shares of SpaceX $SPCX

Compass Financial Group INC SD acquired a new stake in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,264 shares of the company’s stock, valued at approximately $492,000.

Several other hedge funds have also recently made changes to their positions in the company. SC US Ttgp LTD. acquired a new stake in SpaceX during the 2nd quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new stake in SpaceX during the 2nd quarter valued at about $17,335,783,000. K5 Global Advisor LLC acquired a new position in shares of SpaceX in the second quarter valued at about $6,587,531,000. State Street Corp purchased a new position in shares of SpaceX in the second quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of SpaceX during the second quarter worth about $1,366,880,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s successful Starship Flight 14 orbital entry was viewed as an important milestone. Analysts at Morgan Stanley and Citi said Starship could become a major long-term growth driver, with a future launch potentially providing capacity equivalent to one or more months of Falcon 9 missions. SpaceX’s Next Starship Launch Could Be a Major Stock Catalyst
• Positive Sentiment: Analysts remain constructive on Starlink’s growth. Jefferies expects Starlink to reach 23% of aircraft by 2028, while Pivotal Research raised its 2027 price target to $230 and Morgan Stanley maintained a $300 target. SpaceX Stock Forecast: Why Jefferies Sees Starlink Reaching 23% of Aircraft by 2028
• Positive Sentiment: The company’s planned mobile-carrier push could open a large new revenue stream. Its spectrum acquisition is intended to support Starlink direct-to-cell services, and a new bundled subscription combining Grok, Cursor and X could broaden SpaceX’s AI monetization efforts. SpaceX’s Spectrum Deal Raises Telecom Competition Fears

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPCX shares. Roth Capital upgraded SpaceX to a “buy” rating in a research report on Monday, June 22nd. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research report on Tuesday, September 29th. Wells Fargo & Company decreased their price objective on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Wall Street Zen downgraded shares of SpaceX from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction on 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 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 SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

SPCX stock traded down $6.60 during trading on Tuesday, hitting $156.82. 43,705,596 shares of the company traded hands, compared to its average volume of 101,302,273. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The firm has a market capitalization of $2.07 trillion and a P/E ratio of -1,742.72. The stock’s 50-day moving average is $146.01. 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 released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company 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. Research analysts expect that SpaceX will post 0.09 earnings per share for the current year.

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.