Lazari Capital Management Inc. increased its holdings in SpaceX (NASDAQ:SPCX – Free Report) by 148.3% during the third quarter, Holdings Channel.com reports. The firm owned 8,511 shares of the company’s stock after acquiring 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. Syntax Research Inc. bought a new stake in SpaceX during the 2nd quarter valued at $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the second quarter worth about $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX during the 2nd quarter worth approximately $30,000. Hickory Point Bank & Trust bought a new position in shares of SpaceX in the 3rd quarter worth approximately $30,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SpaceX in the 3rd quarter worth approximately $30,000.
Key Headlines Impacting 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
SpaceX Stock Down 0.2%
Shares of NASDAQ SPCX traded down $0.32 during midday trading on Tuesday, hitting $147.64. The stock had a trading volume of 51,439,942 shares, compared to its average volume of 100,204,016. The firm’s 50 day moving average is $148.63. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market cap of $1.95 trillion and a P/E ratio of -1,641.63.
SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. As a group, analysts expect that SpaceX will post 0.07 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating on shares of SpaceX in a research note on Wednesday, September 30th. Seaport Research Partners downgraded SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. TD Cowen reissued a “buy” rating and set a $200.00 price objective on shares of SpaceX in a research report on Friday, October 9th. Canaccord Genuity Group began coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective for the company. Finally, Benchmark began coverage on shares of SpaceX in a report on Monday, June 22nd. They set a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.44.
Get Our Latest Research Report on SPCX
Insiders Place Their Bets
In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a filing 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 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.
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