Bill Few Associates Inc. Makes New $538,000 Investment in SpaceX $SPCX

Bill Few Associates Inc. acquired a new stake in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,566 shares of the company’s stock, valued at approximately $538,000.

Several other large investors also recently modified their holdings of the business. Wedbush Securities Inc. purchased a new position in shares of SpaceX during the second quarter valued at approximately $5,094,000. Hyperion Asset Management Ltd bought a new position in SpaceX in the 2nd quarter worth $201,137,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at about $6,587,531,000. Turner Financial Group Inc. bought a new position in SpaceX in the second quarter worth about $1,228,000. Finally, Rik Saylor Financial Inc. bought a new stake in SpaceX during the 2nd quarter valued at approximately $1,670,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on SPCX shares. Roth Capital upgraded SpaceX to a “buy” rating in a research note on Monday, June 22nd. Oppenheimer increased their price objective on SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. UBS Group reiterated a “buy” rating on shares of SpaceX in a research note on Tuesday, September 29th. Finally, Pivotal Research began coverage on shares of SpaceX in a research report on Tuesday, September 8th. They set a “buy” rating and a $220.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $219.77.

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

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the 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 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Up 1.2%

NASDAQ:SPCX traded up $2.00 during trading hours on Friday, reaching $162.57. 92,626,626 shares of the company traded hands, compared to its average volume of 102,444,141. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a 50-day moving average price of $143.95. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The firm has a market capitalization of $2.14 trillion and a PE ratio of -1,806.33.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business’s revenue was up 91.9% compared to the same quarter last year. As a group, equities analysts anticipate that SpaceX will post 0.09 EPS 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.