Ballew Advisors Inc purchased a new stake in shares of SpaceX (NASDAQ:SPCX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,359 shares of the company’s stock, valued at approximately $534,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SC US Ttgp LTD. bought a new stake in shares of SpaceX during the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP bought a new position in SpaceX in the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC purchased a new stake in SpaceX in the 2nd quarter worth $6,587,531,000. State Street Corp bought a new stake in SpaceX during the second quarter valued at about $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of SpaceX in the second quarter valued at about $1,366,880,000.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Barclays raised SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a report on Tuesday, September 29th. Susquehanna lowered shares of SpaceX from a “neutral” rating to an “underperform” rating in a report on Friday, August 7th. Oppenheimer lifted their price objective on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Daiwa Securities Group initiated coverage on shares of SpaceX in a report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $218.68.
Insider Transactions at SpaceX
In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction 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 transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SpaceX Stock Performance
NASDAQ:SPCX traded up $12.13 during trading hours on Monday, reaching $171.09. The stock had a trading volume of 134,612,312 shares, compared to its average volume of 103,210,273. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company’s 50 day moving average price is $139.62. The company has a market capitalization of $2.26 trillion and a PE ratio of -1,901.00.
SpaceX (NASDAQ:SPCX – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. Equities research analysts predict that SpaceX will post 0.02 EPS for the current year.
SpaceX News Roundup
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Morgan Stanley reiterated its Buy/Overweight rating and $300 price target, calling SpaceX “cheap and getting cheaper” on a growth-adjusted basis. The firm highlighted potential upside from Starlink, AI computing, power infrastructure and chipmaking. SpaceX shares rise as Morgan Stanley reiterates $300 target
- Positive Sentiment: Recent launch execution reinforced SpaceX’s core business. The company completed a crewed NASA mission to the International Space Station in record time, launched Google AI chips into orbit and conducted multiple launches over a short period. A U.S. defense SDA mission is scheduled for another attempt after a scrub. SpaceX stock climbs to highest since June
- Positive Sentiment: Investors are assigning more value to SpaceX’s AI opportunity. Reports say SpaceX held discussions with Microsoft about leasing AI-computing capacity, while Bernstein expects AI revenue to grow sharply. Musk also confirmed talks with TSMC regarding a dedicated chip facility serving Tesla, SpaceX and xAI, although no agreement has been announced. Microsoft could be SpaceX’s next big AI customer
- Positive Sentiment: SpaceX proposed a 32.4-mile natural-gas pipeline in Florida to support launch operations near Cape Canaveral. The project could improve fuel and energy infrastructure for a higher launch cadence, though it requires regulatory approval. SpaceX seeks approval for Florida gas pipeline
- Neutral Sentiment: SpaceX is renaming its AI unit from SpaceXAI to SpaceXSI, reflecting Musk’s “super intelligence” strategy. The rebrand emphasizes ambition but does not yet represent additional revenue or a confirmed commercial partnership. SpaceX is now a super intelligence company
- Negative Sentiment: Some commentary cautioned that SpaceX’s valuation remains highly speculative and that controversy surrounding Musk’s renewed government involvement could create reputational and political risks. Investors also face execution risk as the company expands into capital-intensive AI, chipmaking and launch infrastructure. Why government involvement could be trouble for SpaceX’s stock
SpaceX 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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