22,448 Shares of SpaceX $SPCX Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new stake in SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,448 shares of the company’s stock, valued at approximately $3,348,000.

A number of other institutional investors also recently added to or reduced their stakes in SPCX. Downshift Financial LLC raised 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 buying an additional 113 shares in the last quarter. Decision Investments Inc. lifted its holdings in shares of SpaceX by 10.7% in the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after buying an additional 139 shares during the period. Worthington Financial Partners LLC lifted its holdings in shares of SpaceX by 3.0% in the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock valued at $737,000 after buying an additional 142 shares during the period. Syntax Research Inc. purchased a new stake in shares of SpaceX in the second quarter valued at approximately $26,000. Finally, Perpetual Ltd boosted its stake in shares of SpaceX by 4.1% in the third quarter. Perpetual Ltd now owns 4,020 shares of the company’s stock valued at $606,000 after buying an additional 159 shares in the last quarter.

SpaceX Trading Down 2.8%

Shares of NASDAQ:SPCX traded down $4.38 during midday trading on Wednesday, hitting $152.16. 67,294,011 shares of the stock were exchanged, compared to its average volume of 101,230,219. The company has a market capitalization of $2.01 trillion and a PE ratio of -1,690.67. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The firm has a 50 day simple moving average of $146.63.

SpaceX (NASDAQ:SPCX) last released 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 business had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities research analysts expect that SpaceX will post 0.07 earnings per share for the current year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong analyst upside: Morgan Stanley reiterated an Overweight rating with a $300 price target, while Raymond James maintained a Strong Buy rating and an $800 target. The broader analyst consensus also implies meaningful upside from current levels. Morgan Stanley sets SpaceX stock price target
• Positive Sentiment: Starlink continues to scale: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, supporting recurring revenue growth from its profitable satellite-internet business. Starlink subscriber growth
• Positive Sentiment: Operational progress: SpaceX successfully launched another NASA resupply mission, while its planned spectrum acquisition could expand Starlink’s direct-to-cell and wireless ambitions. SpaceX NASA resupply mission
• Neutral Sentiment: Long-term growth narrative remains intact: Investors are debating SpaceX’s potential in wireless service, AI infrastructure, orbital data centers and Starship. However, these opportunities require substantial execution and capital before they generate material returns.
• Neutral Sentiment: Starship expansion faces review: The FAA began an environmental assessment of SpaceX’s proposal to conduct as many as 456 Starship launches and landings annually, creating a possible path to greater capacity but also regulatory uncertainty. SpaceX Starship launch expansion
• Negative Sentiment: Ukraine service restrictions increased reputational and political risk: Ukrainian officials said new limits on military Starlink terminals disrupted drone operations. The reports may intensify scrutiny of SpaceX’s role in the conflict and raise concerns about customer reliability and government relationships. Ukraine accuses SpaceX of crippling drone missions
• Negative Sentiment: High funding requirements are weighing on valuation: Reports that SpaceX may seek up to $40 billion in new debt, alongside heavy AI and infrastructure spending, have raised concerns about cash burn, leverage and execution risk. SpaceX seeks new debt
• Negative Sentiment: Regulatory scrutiny persists: SpaceX agreed to testify before the New York City Council in an AI-safety investigation, adding headline and compliance risk. SpaceX AI safety testimony

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

SPCX has been the topic of a number of recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. Mizuho assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 target price for the company. CLSA began coverage on SpaceX in a report on Monday, September 28th. They issued an “outperform” rating and a $250.00 target price for the company. Seaport Research Partners lowered shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Finally, Wedbush assumed coverage on shares of SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

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.