81,700 Shares in SpaceX $SPCX Purchased by Williams & Novak Wealth Management LLC

Williams & Novak Wealth Management LLC bought a new position in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 81,700 shares of the company’s stock, valued at approximately $12,325,000. SpaceX accounts for 7.4% of Williams & Novak Wealth Management LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors have also recently bought and sold shares of SPCX. SC US Ttgp LTD. acquired a new stake in shares of SpaceX during the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX during the 2nd quarter worth approximately $6,587,531,000. State Street Corp acquired a new stake in SpaceX during the 2nd quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new position in SpaceX in the 2nd quarter valued at $1,366,880,000.

SpaceX Stock Performance

Shares of SPCX opened at $162.57 on Friday. The company has a market capitalization of $2.14 trillion and a price-to-earnings ratio of -1,806.33. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a 50 day moving average of $145.03.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (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. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. On average, sell-side analysts anticipate that SpaceX will post 0.09 earnings per share for the current fiscal year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The spectrum purchase—reported at roughly $8 billion by some outlets, although the exact price was not disclosed—could give Starlink Mobile stronger coverage indoors and in dense urban areas where satellites are less effective. The deal also positions SpaceX to compete more directly with AT&T, Verizon and T-Mobile. SpaceX’s low-band spectrum deal gives Starlink Mobile a terrestrial foothold
• Positive Sentiment: Analyst support added to the bullish reaction. Barclays initiated coverage with a Buy rating and a $254 target, while TD Cowen reaffirmed Buy with a $200 target; other analysts highlighted the hybrid satellite-and-terrestrial network strategy. Two Reasons SpaceX Stock Is Jumping Higher Today
• Positive Sentiment: The FCC’s approval of up to 15,000 next-generation Starlink satellites strengthens the company’s long-term direct-to-device opportunity. Investors are also valuing SpaceX’s reported AI-computing demand and potential Nvidia chip purchases as additional growth engines. SpaceX Gets Green Light for 15,000 Starlink Satellites
• Neutral Sentiment: The spectrum transaction remains subject to final FCC approval, and SpaceX still must invest heavily to build a terrestrial network, integrate services and attract wireless customers. The launch of Blue Origin as a future public-company competitor may also increase attention on the space sector. SpaceX Makes Big Play to Become a Wireless Carrier
• Negative Sentiment: Up to approximately $51 billion of insider shares became eligible for sale, creating a potential supply overhang and volatility risk after the recent rally. SpaceX Insider Shares Unlock
• Negative Sentiment: Reports that SpaceX may borrow $40 billion to purchase Nvidia chips continue to raise concerns about leverage, execution and the risk of spending aggressively on an unproven AI infrastructure business despite its substantial cash holdings. SpaceX in Talks to Raise $40 Billion in Loans

Analysts Set New Price Targets

Several analysts have recently commented on SPCX shares. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Raymond James Financial downgraded shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Roth Capital raised shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Pivotal Research assumed coverage on shares of SpaceX in a report on Tuesday, September 8th. They issued a “buy” rating and a $220.00 price target for the company. Finally, Mizuho began coverage on SpaceX in a report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $219.77.

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 stock was 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 of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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.