21,295 Shares in SpaceX $SPCX Bought by Weaver Consulting Group

Weaver Consulting Group bought a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,295 shares of the company’s stock, valued at approximately $3,213,000.

Other large investors also recently modified their holdings of the company. SC US Ttgp LTD. bought a new stake in SpaceX during the 2nd quarter worth $20,933,621,000. Darsana Capital Partners LP acquired a new position in shares of SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX during the 2nd quarter worth approximately $6,587,531,000. State Street Corp bought a new stake in SpaceX during the 2nd quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new stake in SpaceX during the 2nd quarter worth approximately $1,366,880,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of SpaceX to a “hold” rating in a research note on Monday, June 15th. HSBC began coverage on SpaceX in a research report on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective for the company. Roth Capital upgraded SpaceX to a “buy” rating in a report on Monday, June 22nd. Bank of America began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $235.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating on shares of SpaceX in a report on Wednesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.76.

SpaceX Trading Down 2.7%

NASDAQ SPCX traded down $4.61 on Wednesday, hitting $167.31. 39,328,478 shares of the company were exchanged, compared to its average volume of 102,446,023. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock has a market capitalization of $2.21 trillion and a P/E ratio of -1,860.57. The stock’s fifty day moving average is $141.88. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

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

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Susquehanna raised its price target for SPCX to $173 from $144 while maintaining a neutral rating, citing growth across SpaceX’s launch, satellite and AI businesses. Susquehanna Raises SpaceX Price Target
• Positive Sentiment: Proposed FAA and Department of Transportation rule changes could streamline launch licensing and increase launch cadence, supporting SpaceX’s core launch business if implemented. FAA Moves to Fast-Track SpaceX Launches
• Positive Sentiment: Recent Starship and Crew Dragon milestones, along with continued Starlink growth, reinforce the company’s operational momentum and provide support for its long-term commercial outlook.
• Neutral Sentiment: SpaceX’s reported AI strategy is attracting bullish comparisons with Nvidia and other trillion-dollar technology companies, but much of the expected value depends on future execution and revenue generation rather than current earnings.
• Negative Sentiment: The proposed debt-funded chip purchase is the dominant near-term concern. Investors may worry about interest costs, capital concentration and potential dilution or refinancing risk if AI-compute demand does not meet expectations. SpaceX and Nvidia Strengthen Ties
• Negative Sentiment: Additional overhangs include rising Treasury yields, a coming release of up to 328.4 million shares on October 9, and ARK Invest’s reported $9.4 million reduction in its SpaceX position.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.