SpaceX $SPCX Stock Bought by Parisi Gray Wealth Management

Parisi Gray Wealth Management lifted its position in SpaceX (NASDAQ:SPCX) by 70.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,500 shares of the company’s stock after acquiring an additional 5,179 shares during the quarter. Parisi Gray Wealth Management’s holdings in SpaceX were worth $1,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. James T. Borello RIA boosted its stake in shares of SpaceX by 41.4% in the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after buying an additional 72 shares during the last quarter. Downshift Financial LLC raised its position in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after purchasing an additional 113 shares during the period. Decision Investments Inc. raised its holdings in SpaceX by 10.7% during the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after acquiring an additional 139 shares during the period. Worthington Financial Partners LLC lifted its holdings in SpaceX by 3.0% during the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock worth $737,000 after purchasing an additional 142 shares in the last quarter. Finally, Syntax Research Inc. purchased a new stake in shares of SpaceX in the second quarter worth about $26,000.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’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 trade represents a 12.16% decrease in their position. The transaction 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.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of SpaceX in a report on Tuesday, August 25th. Clear Str raised SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. KGI Securities lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a report on Monday, June 22nd. Evercore reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of SpaceX in a research note on Friday. Finally, Piper Sandler reduced their target price on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $221.34.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

SpaceX Stock Down 1.7%

Shares of SPCX traded down $2.59 during mid-day trading on Friday, hitting $146.03. 88,126,147 shares of the company’s stock traded hands, compared to its average volume of 94,434,504. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.56. The business has a 50-day simple moving average of $148.44. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly 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 business had revenue of $7.81 billion during the quarter. The firm’s revenue for the quarter was up 91.9% on a year-over-year basis. Sell-side analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal 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.