5,101 Shares of SpaceX $SPCX Purchased by 55 North Private Wealth LLC

55 North Private Wealth LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel reports. The fund purchased 5,101 shares of the company’s stock, valued at approximately $770,000.

A number of other institutional investors have also modified their holdings of SPCX. Hyperion Asset Management Ltd lifted its stake in shares of SpaceX by 52.8% during the third quarter. Hyperion Asset Management Ltd now owns 1,798,919 shares of the company’s stock valued at $271,385,000 after buying an additional 621,716 shares during the period. Genesee Capital Advisors LLC acquired a new stake in SpaceX during the third quarter worth approximately $239,000. Lazari Capital Management Inc. grew its stake in SpaceX by 148.3% in the 3rd quarter. Lazari Capital Management Inc. now owns 8,511 shares of the company’s stock worth $1,284,000 after acquiring an additional 5,083 shares during the period. ICG Advisors LLC acquired a new position in SpaceX in the 3rd quarter valued at $6,262,000. Finally, Focused Alpha LLC raised its holdings in SpaceX by 30.5% in the 3rd quarter. Focused Alpha LLC now owns 1,585 shares of the company’s stock valued at $239,000 after acquiring an additional 370 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SPCX shares. Guggenheim assumed coverage on SpaceX in a research note on Friday, August 7th. They set a “buy” rating on the stock. Stifel Nicolaus assumed coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 target price for the company. Piper Sandler reduced their target price on SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Phillip Securities raised SpaceX to a “strong sell” rating and set a $75.00 price target on the stock in a research note on Friday, July 31st. Finally, Mizuho began coverage on SpaceX in a report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $221.44.

Insiders Place Their Bets

In other SpaceX 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 sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Down 0.4%

Shares of SPCX traded down $0.53 during mid-day trading on Tuesday, reaching $147.43. The company had a trading volume of 49,147,722 shares, compared to its average volume of 100,185,781. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The company’s fifty day simple moving average is $148.63. The firm has a market capitalization of $1.94 trillion and a PE ratio of -1,639.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

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

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors are focused on whether Starlink growth, satellite services and AI-computing revenue can support SpaceX’s expansion. SpaceX Q3 Earnings Preview
• 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 progress, orbital refueling and lunar-lander development are key investor questions. Starship Catch Could Unlock Valuation Upside
• Positive Sentiment: SpaceX successfully launched the Bandwagon-5 rideshare mission carrying dozens of payloads, reinforcing its launch cadence and commercial space position. SpaceX Bandwagon-5 Launch
• Positive Sentiment: Longer-term optimism remains strong: Bernstein reiterated a Buy rating with a $248 price target, while analysts continue to cite Starlink’s expansion and AI data-center demand as potential growth drivers. Bernstein Sets SpaceX Price Target
• Neutral Sentiment: Options markets imply roughly a 6% to 8% post-earnings move, signaling unusually high uncertainty rather than a clear directional view. Options Traders’ SpaceX Earnings Expectations
• Neutral Sentiment: Speculation about a Tesla–SpaceX merger continues, but no transaction has been announced. Musk’s pledge to give a SpaceX share to every U.S. child also lacks eligibility, funding and distribution details, limiting its immediate financial significance. SpaceX and Tesla Earnings
• Negative Sentiment: Investors worry that AI-computing revenue may come with heavy capital expenditures, financing needs and weaker near-term profitability. Higher 2027 spending guidance or additional borrowing could pressure SPCX. SpaceX Earnings and Financing Needs
• Negative Sentiment: More than one billion shares are expected to become eligible for sale after the quarterly update, creating an overhang and adding to near-term volatility. SpaceX Lockup Expiration

About SpaceX

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.