Lazari Capital Management Inc. Buys 5,083 Shares of SpaceX $SPCX

Lazari Capital Management Inc. raised its position in shares of SpaceX (NASDAQ:SPCX) by 148.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,511 shares of the company’s stock after purchasing an additional 5,083 shares during the quarter. Lazari Capital Management Inc.’s holdings in SpaceX were worth $1,284,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Syntax Research Inc. bought a new position in SpaceX during the second quarter worth $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp acquired a new stake in shares of SpaceX in the 2nd quarter worth about $30,000. Hickory Point Bank & Trust purchased a new stake in shares of SpaceX in the third quarter worth approximately $30,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in SpaceX in the 3rd quarter valued at $30,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: A successful Bandwagon-5 Falcon 9 launch carried 32 payloads and highlighted SpaceX’s launch cadence and operational execution. SpaceX Launch Creates Stunning Jellyfish Over East Coast
• Positive Sentiment: Morgan Stanley’s Adam Jonas said a successful Starship mid-air catch could unlock additional valuation upside, although he also flagged potential debt issuance. Starship Catch Could Unlock Valuation Upside
• Positive Sentiment: Analysts expect roughly $12.7 billion-$12.9 billion in third-quarter revenue and about $0.14 in earnings per share. Options markets imply a potentially large post-earnings move, while traders are focused on Starlink, AI data centers, Grok and Starship updates. What Options Traders Expect
• Neutral Sentiment: Elon Musk pledged to give one SpaceX share to every American child in 2027, potentially involving approximately 70 million shares. The pledge could broaden public ownership, but no legal structure, eligibility rules or delivery plan has been disclosed. Musk Says He Will Give SpaceX Shares to Children
• Negative Sentiment: Investors are increasingly concerned that SpaceX’s aggressive AI infrastructure spending—forecast at roughly $19 billion—could require additional borrowing before computing revenue becomes sufficiently profitable. AI Revenue, Financing Needs and Merger Talks
• Negative Sentiment: Commentary has questioned Musk’s forecast that SpaceX could reach $3.5 trillion in annual revenue around 2033, citing his history of overly ambitious projections. The company’s elevated valuation leaves limited room for execution misses. SpaceX Revenue Projections Look Optimistic
• Negative Sentiment: More than one billion shares may become eligible for sale after the earnings update as lockup restrictions expire, creating a potential supply overhang and additional volatility. SpaceX Stock Lockup Expiration

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred 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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 0.2%

Shares of NASDAQ:SPCX traded down $0.32 during midday trading on Tuesday, reaching $147.64. 51,439,942 shares of the company traded hands, compared to its average volume of 100,204,016. The business’s fifty day moving average price is $148.63. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a market capitalization of $1.95 trillion and a price-to-earnings ratio of -1,641.63. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. Analysts forecast that SpaceX will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Oppenheimer lifted their target price on shares of SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Barclays started coverage on SpaceX in a research report on Friday, October 9th. They set an “overweight” rating and a $254.00 target price for the company. KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a report on Wednesday, October 14th. 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 report on Monday, September 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and an average target price of $221.44.

SpaceX Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.