SpaceX $SPCX Shares Newly Purchased by Riversedge Advisors LLC

Riversedge Advisors LLC acquired a new stake in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,712 shares of the company’s stock, valued at approximately $1,767,000.

Other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. bought a new position in SpaceX in the 2nd quarter worth approximately $5,094,000. Hyperion Asset Management Ltd bought a new position in SpaceX in the 2nd quarter valued at $201,137,000. K5 Global Advisor LLC bought a new position in SpaceX in the 2nd quarter valued at $6,587,531,000. Turner Financial Group Inc. acquired a new stake in shares of SpaceX in the 2nd quarter valued at $1,228,000. Finally, Rik Saylor Financial Inc. bought a new stake in shares of SpaceX during the second quarter worth $1,670,000.

SpaceX Stock Performance

NASDAQ:SPCX traded up $1.35 during trading hours on Friday, hitting $161.92. The stock had a trading volume of 62,665,744 shares, compared to its average volume of 102,061,672. The firm has a 50 day moving average price of $143.95. The stock has a market cap of $2.13 trillion and a P/E ratio of -1,793.62. SpaceX has a one year low of $104.83 and a one year 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.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. On average, sell-side analysts anticipate that SpaceX will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

SPCX has been the topic of several recent research reports. UBS Group reiterated a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. Cfra began coverage on shares of SpaceX in a research report on Friday, June 12th. They set a “sell” rating and a $115.00 target price on the stock. Roth Capital raised shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Daiwa Securities Group began coverage on shares of SpaceX in a report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price objective on the stock. Finally, Susquehanna lifted their target price on shares of SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $219.77.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nationwide spectrum acquisition strengthens Starlink Mobile. SpaceX agreed to acquire Grain Management’s nationwide portfolio of low-band 800 MHz spectrum, reportedly covering up to 14 MHz of paired licenses and nearly the entire U.S. population. The lower-frequency spectrum could improve indoor and rural coverage while complementing Starlink’s direct-to-device satellite network, bringing SpaceX closer to becoming a major mobile carrier. Verizon stock heads for worst day since 2002 as SpaceX U.S. network plans whack telcos
• Positive Sentiment: Regulatory progress supports the wireless strategy. The FCC approved SpaceX’s next-generation Starlink constellation of up to 15,000 satellites for mobile and direct-to-device services, without requiring ground-provider leases. The approvals increase the potential scale of Starlink Mobile and contributed to investor optimism. Elon Musk’s SpaceX Gets Green Light from Trump’s FCC for 15,000 Starlink Satellites
• Positive Sentiment: Analyst support and AI ambitions added momentum. Barclays initiated coverage with a Buy rating and a $254 price target, while TD Cowen reaffirmed its Buy rating with a $200 target. Investors are also weighing SpaceX’s reported plans to raise as much as $40 billion to purchase Nvidia chips and expand AI-computing capacity, potentially creating another significant growth engine. Two Reasons SpaceX Stock Is Jumping Higher Today
• Neutral Sentiment: Competition is reshaping the communications sector. Verizon, AT&T and T-Mobile sold off sharply on fears that SpaceX could pressure traditional wireless operators, while cell-tower owners may benefit if SpaceX becomes a major network tenant. The deal remains subject to final FCC approval. US, European telecom stocks slide as SpaceX spectrum deal rattles sector
• Negative Sentiment: Financing and share-supply risks remain overhangs. Investors continue to question the leverage required for the AI buildout, while approximately $51 billion of insider shares became eligible for sale. ARK Invest also sold roughly $4.7 million of SpaceX shares, potentially limiting near-term gains. SpaceX’s Fleecing of Retail Investors Continues

Insiders Place Their Bets

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 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 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.