Focus Financial Network Inc. lifted its holdings in shares of SpaceX (NASDAQ:SPCX – Free Report) by 180.2% during the third quarter, Holdings Channel.com reports. The firm owned 21,942 shares of the company’s stock after acquiring an additional 14,112 shares during the quarter. Focus Financial Network Inc.’s holdings in SpaceX were worth $3,310,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Downshift Financial LLC raised its position in shares of SpaceX by 25.7% in the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after acquiring an additional 113 shares in the last quarter. Decision Investments Inc. boosted its stake 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 purchasing an additional 139 shares during the last quarter. Worthington Financial Partners LLC raised its position in SpaceX by 3.0% in the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock valued at $737,000 after buying an additional 142 shares during the last quarter. Syntax Research Inc. bought a new position in shares of SpaceX during the second quarter valued at about $26,000. Finally, Perpetual Ltd grew its holdings in shares of SpaceX by 4.1% in the third quarter. Perpetual Ltd now owns 4,020 shares of the company’s stock valued at $606,000 after acquiring an additional 159 shares in the last quarter.
SpaceX Trading Down 2.8%
Shares of NASDAQ:SPCX opened at $152.16 on Thursday. The stock has a market capitalization of $2.01 trillion and a PE ratio of -1,690.67. The company’s fifty day moving average is $147.51. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on SPCX shares. Cantor Fitzgerald restated an “overweight” rating and set a $246.00 price target on shares of SpaceX in a research note on Wednesday, August 5th. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a research report on Wednesday, August 26th. Susquehanna upped their target price on shares of SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 7th. Moffett Nathanson raised their price objective on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Finally, William Blair reiterated an “outperform” rating on shares of SpaceX in a research report on Friday, October 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.06.
Get Our Latest Analysis on SpaceX
Insider Buying and Selling
In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trending Headlines about SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Strong Starlink momentum: SpaceX reportedly added approximately 570,000 subscribers per month in the second quarter, potentially contributing about $450 million in annual recurring revenue monthly. Starlink remains the company’s primary profitable growth engine, although continued satellite launches are needed to support capacity. Starlink subscriber growth article
- Positive Sentiment: Bullish analyst outlook: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These targets reflect expectations for substantial upside from Starlink, launch services, artificial intelligence and potential mobile connectivity. Morgan Stanley SpaceX price target
- Positive Sentiment: Operational progress: A successful NASA resupply mission reinforced SpaceX’s launch reliability, while its spectrum acquisition could support the expansion of Starlink Mobile into a broader wireless offering.
- Neutral Sentiment: Long-term valuation debate: Supporters argue SpaceX could eventually look inexpensive if it reaches Elon Musk’s aggressive revenue goals, including major growth in Starlink, space-based data centers and mobile services. However, traditional near-term valuation measures remain difficult to justify.
- Negative Sentiment: Capital intensity and dilution concerns: Reports that SpaceX may raise as much as $40 billion in new debt—and potentially require far more to fund AI, chips, satellites and launch infrastructure—are increasing concern about cash burn, leverage and execution risk. An upcoming employee and early-investor share unlock may also add supply.
- Negative Sentiment: Ukraine-related controversy: Ukrainian officials say new Starlink restrictions disrupted military drone operations. The allegations could damage SpaceX’s reputation, increase political scrutiny and create uncertainty around government and defense contracts. Reuters Ukraine Starlink report
- Negative Sentiment: Near-term market pressure: A broader equity sell-off overshadowed the successful launch, while investors remain skeptical that SpaceX can quickly overcome terrestrial-network competition, regulatory hurdles and the substantial cost of building its wireless business.
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.
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