15,373 SpaceX $SPCX Shares Acquired by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC grew its position in shares of SpaceX (NASDAQ:SPCX) by 223.8% in the 3rd quarter, Holdings Channel reports. The firm owned 22,241 shares of the company’s stock after acquiring an additional 15,373 shares during the quarter. SpaceX accounts for about 0.5% of Sloy Dahl & Holst LLC’s portfolio, making the stock its 22nd largest holding. Sloy Dahl & Holst LLC’s holdings in SpaceX were worth $3,355,000 as of its most recent filing with the SEC.

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

SpaceX Stock Performance

SpaceX stock opened at $152.16 on Thursday. The company has a market cap of $2.01 trillion and a PE ratio of -1,690.67. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock’s 50 day simple moving average is $147.51. 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 (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. SpaceX’s quarterly revenue was up 91.9% on a year-over-year basis. On average, equities research analysts forecast that SpaceX will post 0.07 EPS for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Starlink momentum: SpaceX reportedly added approximately 570,000 subscribers per month in the second quarter, potentially contributing about $450 million in annual recurring revenue monthly. Starlink remains the company’s primary profitable growth engine, although continued satellite launches are needed to support capacity. Starlink subscriber growth article
• Positive Sentiment: Bullish analyst outlook: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These targets reflect expectations for substantial upside from Starlink, launch services, artificial intelligence and potential mobile connectivity. Morgan Stanley SpaceX price target
• Positive Sentiment: Operational progress: A successful NASA resupply mission reinforced SpaceX’s launch reliability, while its spectrum acquisition could support the expansion of Starlink Mobile into a broader wireless offering.
• Neutral Sentiment: Long-term valuation debate: Supporters argue SpaceX could eventually look inexpensive if it reaches Elon Musk’s aggressive revenue goals, including major growth in Starlink, space-based data centers and mobile services. However, traditional near-term valuation measures remain difficult to justify.
• Negative Sentiment: Capital intensity and dilution concerns: Reports that SpaceX may raise as much as $40 billion in new debt—and potentially require far more to fund AI, chips, satellites and launch infrastructure—are increasing concern about cash burn, leverage and execution risk. An upcoming employee and early-investor share unlock may also add supply.
• Negative Sentiment: Ukraine-related controversy: Ukrainian officials say new Starlink restrictions disrupted military drone operations. The allegations could damage SpaceX’s reputation, increase political scrutiny and create uncertainty around government and defense contracts. Reuters Ukraine Starlink report
• Negative Sentiment: Near-term market pressure: A broader equity sell-off overshadowed the successful launch, while investors remain skeptical that SpaceX can quickly overcome terrestrial-network competition, regulatory hurdles and the substantial cost of building its wireless business.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPCX shares. Roth Capital upgraded shares of SpaceX to a “buy” rating in a report on Monday, June 22nd. Benchmark assumed coverage on shares of SpaceX in a research report on Monday, June 22nd. They set a “buy” rating on the stock. Weiss Ratings assumed coverage on SpaceX in a report on Tuesday, September 1st. They set a “sell (d)” rating for the company. Clear Str raised SpaceX to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, DZ Bank began coverage on SpaceX in a research report on Friday, August 21st. They issued a “sell” rating and a $100.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $220.06.

Insider Transactions at SpaceX

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

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.