SpaceX $SPCX Shares Newly Acquired by Forum Financial Management LP

Forum Financial Management LP acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, HoldingsChannel.com reports. The fund acquired 6,179 shares of the company’s stock, valued at approximately $932,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Syntax Research Inc. acquired a new stake in shares of SpaceX in the second quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new stake in shares of SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp acquired a new position in SpaceX during the 2nd quarter worth approximately $30,000. Hickory Point Bank & Trust acquired a new position in SpaceX during the 3rd quarter worth approximately $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SpaceX in the 3rd quarter worth approximately $30,000.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of SPCX opened at $146.03 on Friday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a 50-day simple moving average of $148.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock has a market capitalization of $1.92 trillion and a P/E ratio of -1,622.56.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SPCX shares. Evercore reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of SpaceX in a research report on Friday. CLSA started coverage on shares of SpaceX in a research note on Monday, September 28th. They set an “outperform” rating and a $250.00 price objective on the stock. Stifel Nicolaus began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price on the stock. Citigroup downgraded shares of SpaceX from a “buy” rating to a “sell” rating in a research note on Friday, August 7th. Finally, Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, August 7th. Three 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 given a Sell rating to the company. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $221.34.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

SpaceX Company 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.