3,785 Shares in SpaceX $SPCX Purchased by Avity Investment Management Inc.

Avity Investment Management Inc. bought a new position in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,785 shares of the company’s stock, valued at approximately $571,000.

A number of other large investors have also recently bought and sold shares of the stock. Syntax Research Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth about $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX during the second quarter worth about $29,000. PayPay Securities Corp acquired a new stake in shares of SpaceX during the second quarter worth approximately $30,000. Hickory Point Bank & Trust acquired a new stake in shares of SpaceX during the third quarter worth approximately $30,000. Finally, Marquette Asset Management LLC bought a new position in shares of SpaceX in the second quarter valued at approximately $32,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The spectrum purchase—reported at roughly $8 billion by some outlets, although the exact price was not disclosed—could give Starlink Mobile stronger coverage indoors and in dense urban areas where satellites are less effective. The deal also positions SpaceX to compete more directly with AT&T, Verizon and T-Mobile. SpaceX’s low-band spectrum deal gives Starlink Mobile a terrestrial foothold
• Positive Sentiment: Analyst support added to the bullish reaction. Barclays initiated coverage with a Buy rating and a $254 target, while TD Cowen reaffirmed Buy with a $200 target; other analysts highlighted the hybrid satellite-and-terrestrial network strategy. Two Reasons SpaceX Stock Is Jumping Higher Today
• Positive Sentiment: The FCC’s approval of up to 15,000 next-generation Starlink satellites strengthens the company’s long-term direct-to-device opportunity. Investors are also valuing SpaceX’s reported AI-computing demand and potential Nvidia chip purchases as additional growth engines. SpaceX Gets Green Light for 15,000 Starlink Satellites
• Neutral Sentiment: The spectrum transaction remains subject to final FCC approval, and SpaceX still must invest heavily to build a terrestrial network, integrate services and attract wireless customers. The launch of Blue Origin as a future public-company competitor may also increase attention on the space sector. SpaceX Makes Big Play to Become a Wireless Carrier
• Negative Sentiment: Up to approximately $51 billion of insider shares became eligible for sale, creating a potential supply overhang and volatility risk after the recent rally. SpaceX Insider Shares Unlock
• Negative Sentiment: Reports that SpaceX may borrow $40 billion to purchase Nvidia chips continue to raise concerns about leverage, execution and the risk of spending aggressively on an unproven AI infrastructure business despite its substantial cash holdings. SpaceX in Talks to Raise $40 Billion in Loans

Analysts Set New Price Targets

SPCX has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $246.00 price target on shares of SpaceX in a report on Wednesday, August 5th. Piper Sandler reduced their price objective on SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. KeyCorp restated a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Roth Capital raised shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Finally, Moffett Nathanson increased their price target on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $219.77.

SpaceX Stock Performance

SpaceX stock traded up $2.00 during trading hours on Friday, reaching $162.57. 92,626,626 shares of the company’s stock traded hands, compared to its average volume of 102,444,141. The company has a market cap of $2.14 trillion and a price-to-earnings ratio of -1,806.33. 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 has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The business’s 50 day moving average price is $143.95.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business 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. Analysts predict that SpaceX will post 0.09 EPS for the current year.

Insider Activity at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.