4,919 Shares of SpaceX $SPCX Purchased by Parkway Wealth Management Group LLC

Parkway Wealth Management Group LLC acquired a new stake in SpaceX (NASDAQ:SPCX) in the 3rd quarter, Holdings Channel reports. The fund acquired 4,919 shares of the company’s stock, valued at approximately $742,000.

A number of other institutional investors also recently bought and sold shares of SPCX. James T. Borello RIA grew its position in SpaceX by 41.4% during the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after purchasing an additional 72 shares during the last quarter. Downshift Financial LLC increased its stake in SpaceX by 25.7% during the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after purchasing an additional 113 shares in the last quarter. Decision Investments Inc. increased its stake 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 in the last quarter. Worthington Financial Partners LLC raised its holdings in shares of SpaceX by 3.0% in the third quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock worth $737,000 after buying an additional 142 shares during the last quarter. Finally, Syntax Research Inc. purchased a new position in shares of SpaceX in the second quarter worth $26,000.

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research reports. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating and set a $75.00 price objective for the company in a research note on Friday, July 31st. Arete Research set a $450.00 price objective on shares of SpaceX in a report on Tuesday, August 11th. Needham & Company LLC reissued a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Raymond James Financial restated a “strong-buy” rating on shares of SpaceX in a research note on Wednesday, October 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research report on Tuesday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $221.44.

SpaceX News Roundup

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

Insider Buying and Selling at SpaceX

In other 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 value of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents 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 available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Up 1.3%

Shares of NASDAQ:SPCX opened at $147.96 on Tuesday. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.95 trillion and a P/E ratio of -1,644.00. The stock has a 50 day simple moving average of $148.63.

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

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.