Sterling Investment Counsel LLC Purchases New Shares in SpaceX $SPCX

Sterling Investment Counsel LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,403 shares of the company’s stock, valued at approximately $513,000.

Other institutional investors have also recently modified their holdings of the company. James T. Borello RIA lifted its stake in SpaceX by 41.4% in the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after buying an additional 72 shares in the last quarter. Downshift Financial LLC grew its holdings 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 buying an additional 113 shares during the last quarter. Decision Investments Inc. grew its holdings 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 buying an additional 139 shares during the last quarter. Worthington Financial Partners LLC increased its position in SpaceX by 3.0% during 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 in the last quarter. Finally, Syntax Research Inc. purchased a new position in SpaceX during the second quarter worth $26,000.

SpaceX Price Performance

SPCX stock traded up $1.93 during midday trading on Monday, hitting $147.96. The stock had a trading volume of 73,697,866 shares, compared to its average volume of 100,789,758. The business has a 50-day moving average price of $148.63. 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 company has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,644.00. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

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

Analyst Ratings Changes

SPCX has been the subject of a number of analyst reports. Oppenheimer boosted their price target on SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Canaccord Genuity Group assumed coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective on the stock. KGI Securities cut SpaceX from an “outperform” rating to a “hold” rating in a research report on Monday, June 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of SpaceX in a research report on Monday. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of SpaceX in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.44.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings could provide a catalyst. Analysts reportedly expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors will focus on Starlink cash flow, AI-related revenue, launch activity and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, while other coverage points to upside if Starlink and AI growth justify the company’s ambitious investment program. Bernstein sets SpaceX stock price target
• Positive Sentiment: Starship and Starlink expansion could broaden future revenue. SpaceX is seeking approval for a major increase in Starship launch activity and is pursuing spectrum and direct-to-device opportunities that could make Starlink more competitive in wireless communications. SpaceX plans expanded Starship launches
• Neutral Sentiment: Elon Musk’s proposed stock giveaway generated attention. Musk said he plans to give one SpaceX share to every U.S. child next year, potentially involving roughly $10 billion or more of stock. Details on eligibility, administration and any dilution are not yet clear, limiting the immediate financial significance. Musk SpaceX shares giveaway
• Negative Sentiment: High spending and valuation create downside risk. SpaceX’s AI-computing business is growing but carries significant costs, while analysts are watching whether projected capital expenditures—potentially including an $18.4 billion investment program—will pressure profitability and cash flow. SpaceX earnings and AI spending

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction 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 completion of the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.