ICG Advisors LLC Purchases 41,512 Shares of SpaceX $SPCX

ICG Advisors LLC purchased a new position in SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 41,512 shares of the company’s stock, valued at approximately $6,262,000. SpaceX makes up about 4.6% of ICG Advisors LLC’s portfolio, making the stock its 3rd largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. James T. Borello RIA raised its stake in shares of SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after acquiring an additional 72 shares during the period. Downshift Financial LLC boosted its stake in shares of SpaceX by 25.7% during the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after purchasing an additional 113 shares during the period. Decision Investments Inc. grew its holdings in SpaceX by 10.7% during the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after purchasing an additional 139 shares during the last quarter. Worthington Financial Partners LLC grew its holdings in SpaceX by 3.0% during the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock valued at $737,000 after purchasing an additional 142 shares during the last quarter. Finally, Syntax Research Inc. purchased a new stake in SpaceX in the 2nd quarter worth about $26,000.

Wall Street Analyst Weigh In

SPCX has been the subject of several recent analyst reports. Phillip Securities upgraded SpaceX to a “strong sell” rating and set a $75.00 target price for the company in a research report on Friday, July 31st. Roth Capital raised SpaceX to a “buy” rating in a research note on Monday, June 22nd. Guggenheim assumed coverage on SpaceX in a report on Friday, August 7th. They set a “buy” rating for the company. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research report on Friday, October 9th. Finally, Wall Street Zen downgraded SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.44.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Potential AI and Starlink growth: Investors want evidence that SpaceX’s AI-computing business, Starlink connectivity and space infrastructure can produce sustainable revenue. Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. SpaceX earnings: AI revenue, financing needs and Tesla merger talks in focus
• Positive Sentiment: Musk’s proposed stock gift: Elon Musk said he plans to give one SpaceX share to every U.S. child in 2027, potentially distributing roughly $10 billion of his personal holdings. Because the proposed transfer involves Musk’s shares rather than a new company issuance, it may support public awareness without directly diluting SpaceX shareholders. Elon Musk says he’ll give one share to every child in America
• Neutral Sentiment: Merger speculation remains a catalyst: Investors are looking for updates on a possible Tesla-SpaceX combination, but the timing and structure remain uncertain. A merger could create strategic advantages by combining AI, autonomy, satellite and data assets, while also increasing execution and valuation risks. SpaceX, Tesla earnings to test Musk’s AI spending ambitions
• Negative Sentiment: High earnings and spending expectations: The market is watching AI revenue, cash flow, financing needs and 2027 capital-expenditure guidance. A revenue miss or sharply higher spending could renew concerns that the AI buildout is consuming too much capital. SpaceX earnings will be all about AI
• Negative Sentiment: Lockup expiration could add supply: More than one billion shares are expected to become eligible for sale after the earnings update, creating a possible overhang and increasing volatility. A massive SpaceX stock lockup expiration is coming

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

Shares of SPCX stock opened at $147.96 on Tuesday. 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 company has a market cap of $1.95 trillion and a P/E ratio of -1,644.00. The stock has a 50-day moving average of $148.63. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. On average, research analysts expect that SpaceX will post 0.07 EPS for the current fiscal year.

SpaceX Company 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.