SpaceX $SPCX Stock: Gallagher Capital Advisors LLC Boosts Stake

Gallagher Capital Advisors LLC lifted its stake in SpaceX (NASDAQ:SPCX) by 2,015.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,823 shares of the company’s stock after acquiring an additional 33,177 shares during the period. SpaceX comprises about 2.7% of Gallagher Capital Advisors LLC’s holdings, making the stock its 10th biggest position. Gallagher Capital Advisors LLC’s holdings in SpaceX were worth $5,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Syntax Research Inc. acquired a new position in SpaceX in the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $29,000. PayPay Securities Corp acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $30,000. Hickory Point Bank & Trust bought a new stake in shares of SpaceX during the third quarter valued at approximately $30,000. Finally, Marquette Asset Management LLC acquired a new position in shares of SpaceX in the second quarter valued at $32,000.

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research reports. Bank of America assumed coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. CLSA assumed coverage on shares of SpaceX in a research note on Monday, September 28th. They issued an “outperform” rating and a $250.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a report on Monday, September 28th. Roth Capital upgraded shares of SpaceX to a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen cut shares of SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.77.

SpaceX Price Performance

SpaceX stock opened at $162.57 on Friday. 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 business’s fifty day moving average is $145.03. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The firm has a market capitalization of $2.14 trillion and a price-to-earnings ratio of -1,806.33.

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. The business’s quarterly revenue was up 91.9% on a year-over-year basis. On average, equities research analysts predict that SpaceX will post 0.09 EPS for the current fiscal year.

Insider Transactions at SpaceX

In other SpaceX 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 value of $52,547,046.90. Following the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was 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 at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The spectrum purchase—reported at roughly $8 billion by some outlets, although the exact price was not disclosed—could give Starlink Mobile stronger coverage indoors and in dense urban areas where satellites are less effective. The deal also positions SpaceX to compete more directly with AT&T, Verizon and T-Mobile. SpaceX’s low-band spectrum deal gives Starlink Mobile a terrestrial foothold
• Positive Sentiment: Analyst support added to the bullish reaction. Barclays initiated coverage with a Buy rating and a $254 target, while TD Cowen reaffirmed Buy with a $200 target; other analysts highlighted the hybrid satellite-and-terrestrial network strategy. Two Reasons SpaceX Stock Is Jumping Higher Today
• Positive Sentiment: The FCC’s approval of up to 15,000 next-generation Starlink satellites strengthens the company’s long-term direct-to-device opportunity. Investors are also valuing SpaceX’s reported AI-computing demand and potential Nvidia chip purchases as additional growth engines. SpaceX Gets Green Light for 15,000 Starlink Satellites
• Neutral Sentiment: The spectrum transaction remains subject to final FCC approval, and SpaceX still must invest heavily to build a terrestrial network, integrate services and attract wireless customers. The launch of Blue Origin as a future public-company competitor may also increase attention on the space sector. SpaceX Makes Big Play to Become a Wireless Carrier
• Negative Sentiment: Up to approximately $51 billion of insider shares became eligible for sale, creating a potential supply overhang and volatility risk after the recent rally. SpaceX Insider Shares Unlock
• Negative Sentiment: Reports that SpaceX may borrow $40 billion to purchase Nvidia chips continue to raise concerns about leverage, execution and the risk of spending aggressively on an unproven AI infrastructure business despite its substantial cash holdings. SpaceX in Talks to Raise $40 Billion in Loans

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.