18,564 Shares of SpaceX $SPCX Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC bought a new position in SpaceX (NASDAQ:SPCX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 18,564 shares of the company’s stock, valued at approximately $2,801,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SPCX. Syntax Research Inc. purchased a new stake in shares of SpaceX during the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in SpaceX in the 2nd quarter worth approximately $29,000. PayPay Securities Corp purchased a new position in SpaceX in the 2nd quarter valued at approximately $30,000. Marquette Asset Management LLC purchased a new position in SpaceX in the 2nd quarter valued at approximately $32,000. Finally, Hickory Point Bank & Trust bought a new stake in SpaceX during the 3rd quarter valued at $30,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America assumed coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $235.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $246.00 price target on shares of SpaceX in a research report on Wednesday, August 5th. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Tuesday, September 29th. Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a report on Wednesday. Finally, Moffett Nathanson raised their target price on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. Three equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and an average target price of $220.06.

SpaceX Price Performance

SPCX opened at $156.54 on Wednesday. The firm’s fifty day moving average price is $146.63. The stock has a market cap of $2.06 trillion and a price-to-earnings ratio of -1,739.33. 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 one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last released 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 firm had revenue of $7.81 billion during the quarter. The company’s revenue was up 91.9% on a year-over-year basis. On average, analysts expect that SpaceX will post 0.07 earnings per share for the current year.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s proposed acquisition of nationwide low-band spectrum could provide the foundation for Starlink Mobile, expanding the company beyond satellite internet into direct wireless services. Analysts see significant long-term revenue potential, although the strategy requires substantial investment. Space Exploration Technologies Eyes Telecom Reach
• Positive Sentiment: A successful recent Starship orbital milestone and a new Falcon 9 cargo launch highlight SpaceX’s operating progress. The company is seeking approval to eventually conduct as many as 456 Starship launches annually, which could materially increase launch capacity if regulators approve the plan. Why the Starship Launch Is a Big Deal
• Positive Sentiment: Investors remain focused on growth opportunities including Terafab, a planned Texas chip complex intended to supply custom processors for SpaceX’s orbital data centers and AI systems. Several analysts maintain bullish ratings and see substantial upside if Starship, Starlink and AI initiatives scale successfully. What Is SpaceX Building With Its New Texas Chip Complex?
• Neutral Sentiment: The broader space investment market is projected to exceed $100 billion in 2026, partly because SpaceX’s IPO and launch-capacity constraints are attracting capital to competing rocket and satellite businesses. This supports industry demand but does not directly resolve SpaceX’s execution challenges. Space Investment to Top $100 Billion
• Negative Sentiment: SpaceX reportedly plans to raise approximately $40 billion in new debt to fund Nvidia chips and its AI build-out. Reports that borrowing costs and the cost of insuring against default are rising have increased concerns about leverage, cash burn and future dilution or financing requirements. Bond Investors Are Wary of SpaceX’s Borrowing Binge
• Negative Sentiment: The FAA has begun an environmental review of the proposed South Texas expansion. Approval could enable a dramatic increase in Starship activity, but the review introduces regulatory uncertainty and potential delays. FAA Begins Environmental Review
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena in an AI-safety investigation. The proceeding adds headline and reputational risk as the company expands into AI. SpaceX Agrees to Testify About AI Safety
• Negative Sentiment: Some analysts question whether the spectrum purchase and wireless ambitions are being priced too aggressively, particularly given SpaceX’s current losses and the technical limitations of satellite capacity in dense urban markets.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction dated 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 $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 through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.