23,128 SpaceX $SPCX Shares Acquired by Crumly & Associates Inc.

Crumly & Associates Inc. raised its stake in SpaceX (NASDAQ:SPCX) by 653.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,669 shares of the company’s stock after acquiring an additional 23,128 shares during the quarter. Crumly & Associates Inc.’s holdings in SpaceX were worth $4,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Great Waters Wealth Management bought a new position in SpaceX in the 3rd quarter valued at approximately $230,000. Weaver Consulting Group acquired a new stake in shares of SpaceX in the 3rd quarter worth about $3,213,000. Nautilus Advisors LLC boosted its holdings in SpaceX by 153.4% during the third quarter. Nautilus Advisors LLC now owns 9,297 shares of the company’s stock worth $1,403,000 after purchasing an additional 5,628 shares during the last quarter. Juncture Wealth Strategies LLC increased its holdings in SpaceX by 510.3% during the third quarter. Juncture Wealth Strategies LLC now owns 16,300 shares of the company’s stock worth $2,459,000 after buying an additional 13,629 shares during the last quarter. Finally, Private Capital Advisors Inc. lifted its position in shares of SpaceX by 34.1% during the 3rd quarter. Private Capital Advisors Inc. now owns 175,210 shares of the company’s stock valued at $26,432,000 after buying an additional 44,537 shares during the last quarter.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Susquehanna raised its price target for SPCX to $173 from $144 while maintaining a neutral rating, citing growth across SpaceX’s launch, satellite and AI businesses. Susquehanna Raises SpaceX Price Target
• Positive Sentiment: Proposed FAA and Department of Transportation rule changes could streamline launch licensing and increase launch cadence, supporting SpaceX’s core launch business if implemented. FAA Moves to Fast-Track SpaceX Launches
• Positive Sentiment: Recent Starship and Crew Dragon milestones, along with continued Starlink growth, reinforce the company’s operational momentum and provide support for its long-term commercial outlook.
• Neutral Sentiment: SpaceX’s reported AI strategy is attracting bullish comparisons with Nvidia and other trillion-dollar technology companies, but much of the expected value depends on future execution and revenue generation rather than current earnings.
• Negative Sentiment: The proposed debt-funded chip purchase is the dominant near-term concern. Investors may worry about interest costs, capital concentration and potential dilution or refinancing risk if AI-compute demand does not meet expectations. SpaceX and Nvidia Strengthen Ties
• Negative Sentiment: Additional overhangs include rising Treasury yields, a coming release of up to 328.4 million shares on October 9, and ARK Invest’s reported $9.4 million reduction in its SpaceX position.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Susquehanna upped their target price on SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Pivotal Research started coverage on shares of SpaceX in a report on Tuesday, September 8th. They set a “buy” rating and a $220.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research report on Monday, September 28th. Finally, Roth Capital raised shares of SpaceX to a “buy” rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.76.

SpaceX Stock Performance

NASDAQ:SPCX traded down $4.47 during midday trading on Wednesday, reaching $167.45. 39,328,478 shares of the stock traded hands, compared to its average volume of 102,446,023. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a 50-day moving average price of $141.88. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a market cap of $2.21 trillion and a PE ratio of -1,860.57.

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

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on 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 approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.