9,000 Shares in SpaceX $SPCX Bought by Viking Fund Management LLC

Viking Fund Management LLC bought a new stake in shares of SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,000 shares of the company’s stock, valued at approximately $1,358,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedbush Securities Inc. bought a new stake in shares of SpaceX during the 2nd quarter worth $5,094,000. Avior Wealth Management LLC bought a new position in SpaceX in the third quarter valued at $2,934,000. Apella Capital LLC increased its stake in SpaceX by 218.2% in the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after acquiring an additional 5,777 shares during the last quarter. Hyperion Asset Management Ltd purchased a new stake in SpaceX during the second quarter valued at about $201,137,000. Finally, K5 Global Advisor LLC purchased a new stake in SpaceX during the second quarter valued at about $6,587,531,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google contract supports revenue visibility: Google is reportedly renting SpaceX computing capacity for approximately $920 million per month under a 33-month agreement potentially worth $30 billion. However, the full value is not guaranteed. Google Just Started Paying SpaceX $920 Million a Month
• Positive Sentiment: Starlink growth remains a key bullish argument: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, reinforcing Starlink as the company’s profitable growth engine. Starlink Is Adding 570,000 Subscribers a Month
• Positive Sentiment: Analyst targets imply substantial upside: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These forecasts rely on major future growth in Starlink, AI infrastructure and space-based services. Morgan Stanley Sets SpaceX Stock Price Target
• Neutral Sentiment: Merger and wireless expansion speculation is adding volatility: A Barclays analyst reportedly sees a possible Tesla–SpaceX merger by December, but prediction markets are skeptical. Separately, SpaceX’s spectrum acquisition could enable Starlink Mobile, although analysts question whether the company can match terrestrial networks and generate material revenue before 2028. Analyst Sees Tesla-SpaceX Merger Coming
• Negative Sentiment: Starshield restrictions create reputational and political risk: Ukraine says new speed limits on military Starlink terminals disrupted drone operations. Musk attributed any restrictions to the U.S. government and ultimately President Trump, but the controversy could threaten government relationships and raise regulatory concerns. Elon Musk Says Trump Is Responsible for Starshield Curbs
• Negative Sentiment: Capital needs and valuation remain major concerns: SpaceX is reportedly seeking as much as $40 billion in new debt to fund AI, chips, orbital data centers and other projects. Investors are increasingly focused on cash burn, borrowing costs and whether the company’s roughly $2 trillion valuation can be justified by near-term earnings.

Insiders Place Their Bets

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred 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 owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Down 2.8%

Shares of NASDAQ:SPCX opened at $152.16 on Thursday. The company has a market capitalization of $2.01 trillion and a PE ratio of -1,690.67. The company’s 50-day moving average is $147.51. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SPCX shares. Barclays started coverage on SpaceX in a report on Friday, October 9th. They issued an “overweight” rating and a $254.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. Seaport Research Partners cut SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Stifel Nicolaus assumed coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 target price for the company. Finally, HSBC initiated coverage on SpaceX in a research note on Thursday, July 23rd. They issued a “hold” rating and a $115.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, SpaceX presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

About SpaceX

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.