Gerald Baker Financial Group LLC Makes New Investment in SpaceX $SPCX

Posted by George Bondi on Oct 9th, 2026

Gerald Baker Financial Group LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,317 shares of the company’s stock, valued at approximately $500,000.

Other large investors have also recently bought and sold shares of the company. Wedbush Securities Inc. acquired a new stake in shares of SpaceX during the 2nd quarter worth about $5,094,000. Hyperion Asset Management Ltd purchased a new position in SpaceX during the second quarter worth about $201,137,000. K5 Global Advisor LLC acquired a new stake in SpaceX in the 2nd quarter worth about $6,587,531,000. Turner Financial Group Inc. acquired a new position in shares of SpaceX during the 2nd quarter valued at about $1,228,000. Finally, Rik Saylor Financial Inc. acquired a new position in shares of SpaceX in the 2nd quarter valued at $1,670,000.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen lowered SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Phillip Securities raised shares of SpaceX to a “strong sell” rating and set a $75.00 price objective for the company in a research report on Friday, July 31st. KGI Securities downgraded SpaceX from an “outperform” rating to a “hold” rating in a research report on Monday, June 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $246.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. Finally, Arete Research set a $450.00 price objective on shares of SpaceX in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and a consensus target price of $219.77.

View Our Latest Stock Analysis on SpaceX

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Nationwide spectrum acquisition strengthens Starlink Mobile. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz low-band spectrum, covering nearly the entire U.S. population. The licenses could improve indoor and ground-level coverage and allow Starlink to offer more complete direct-to-device wireless service, increasing the competitive threat to AT&T, Verizon and T-Mobile. The transaction remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses
Positive Sentiment: Regulatory approval expands the addressable market. The FCC approved SpaceX’s next-generation Starlink constellation of up to 15,000 satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision supports the company’s mobile-network ambitions and reduces dependence on traditional telecom partners. FCC Approval for 15,000 Starlink Satellites
Positive Sentiment: Wall Street remains constructive. Barclays initiated coverage with a Buy rating and a $254 price target, while TD Cowen reaffirmed its Buy rating with a $200 target. J.P. Morgan and Morgan Stanley have also maintained bullish views, citing spectrum expansion, Starlink cash generation and SpaceX’s AI-compute opportunity. Barclays Initiates SpaceX Coverage
Neutral Sentiment: AI growth could be significant but requires substantial capital. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips and expand AI data-center capacity. Supporters view contracted AI demand and Starlink cash flow as potential debt support, but the plan would increase leverage and execution risk. Apollo and Banks Discuss SpaceX Financing
Negative Sentiment: Share supply and valuation remain risks. Up to approximately 319 million insider shares reportedly became eligible for sale, potentially creating selling pressure. In addition, ARK Invest sold about $4.7 million of SpaceX shares, while critics argue the company’s multitrillion-dollar valuation already discounts substantial success in wireless, AI and space.
Negative Sentiment: Competitive and geopolitical risks persist. SpaceX’s wireless push has triggered sector-wide concerns, while delays to Starlink’s India launch and warnings about Russian satellite activity highlight regulatory and security risks to the broader Starlink business. Russian Satellite Activity Raises Concerns for Starlink

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’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 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 represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Up 1.2%

SPCX stock traded up $1.89 during mid-day trading on Friday, reaching $162.46. The company had a trading volume of 60,285,052 shares, compared to its average volume of 102,014,133. The business has a 50-day moving average price of $143.95. 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 firm has a market capitalization of $2.14 trillion and a PE ratio of -1,804.57. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (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. SpaceX’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, research analysts forecast that SpaceX will post 0.09 EPS for the current fiscal year.

SpaceX Company Profile

(Free Report)

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.