SpaceX $SPCX Holdings Increased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC raised its stake in shares of SpaceX (NASDAQ:SPCX) by 206.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,104 shares of the company’s stock after purchasing an additional 37,790 shares during the quarter. SpaceX makes up about 1.7% of Mezzasalma Advisors LLC’s holdings, making the stock its 17th biggest holding. Mezzasalma Advisors LLC’s holdings in SpaceX were worth $8,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SPCX. Fortress Financial Solutions LLC bought a new stake in SpaceX during the 3rd quarter valued at approximately $247,000. Elmwood Wealth Management Inc. purchased a new position in shares of SpaceX during the 3rd quarter worth approximately $1,590,000. Triumph Capital Management grew its holdings in shares of SpaceX by 5.6% during the 3rd quarter. Triumph Capital Management now owns 10,504 shares of the company’s stock worth $1,584,000 after acquiring an additional 555 shares during the period. Sanders Morris Harris LLC bought a new position in shares of SpaceX in the 3rd quarter worth approximately $3,348,000. Finally, Adirondack Trust Co. raised its position in shares of SpaceX by 72.3% in the 3rd quarter. Adirondack Trust Co. now owns 801 shares of the company’s stock worth $121,000 after acquiring an additional 336 shares in the last quarter.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong analyst upside: Morgan Stanley reiterated an Overweight rating with a $300 price target, while Raymond James maintained a Strong Buy rating and an $800 target. The broader analyst consensus also implies meaningful upside from current levels. Morgan Stanley sets SpaceX stock price target
• Positive Sentiment: Starlink continues to scale: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, supporting recurring revenue growth from its profitable satellite-internet business. Starlink subscriber growth
• Positive Sentiment: Operational progress: SpaceX successfully launched another NASA resupply mission, while its planned spectrum acquisition could expand Starlink’s direct-to-cell and wireless ambitions. SpaceX NASA resupply mission
• Neutral Sentiment: Long-term growth narrative remains intact: Investors are debating SpaceX’s potential in wireless service, AI infrastructure, orbital data centers and Starship. However, these opportunities require substantial execution and capital before they generate material returns.
• Neutral Sentiment: Starship expansion faces review: The FAA began an environmental assessment of SpaceX’s proposal to conduct as many as 456 Starship launches and landings annually, creating a possible path to greater capacity but also regulatory uncertainty. SpaceX Starship launch expansion
• Negative Sentiment: Ukraine service restrictions increased reputational and political risk: Ukrainian officials said new limits on military Starlink terminals disrupted drone operations. The reports may intensify scrutiny of SpaceX’s role in the conflict and raise concerns about customer reliability and government relationships. Ukraine accuses SpaceX of crippling drone missions
• Negative Sentiment: High funding requirements are weighing on valuation: Reports that SpaceX may seek up to $40 billion in new debt, alongside heavy AI and infrastructure spending, have raised concerns about cash burn, leverage and execution risk. SpaceX seeks new debt
• Negative Sentiment: Regulatory scrutiny persists: SpaceX agreed to testify before the New York City Council in an AI-safety investigation, adding headline and compliance risk. SpaceX AI safety testimony

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPCX. Wells Fargo & Company dropped their price target on SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 8th. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, August 7th. CLSA initiated coverage on SpaceX in a research report on Monday, September 28th. They set an “outperform” rating and a $250.00 price objective for the company. Raymond James Financial restated a “strong-buy” rating on shares of SpaceX in a report on Wednesday. Finally, Daiwa Securities Group initiated coverage on shares of SpaceX in a report on Thursday, July 2nd. They set a “neutral” rating and a $175.00 target price on the stock. Three 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 2.8%

Shares of NASDAQ SPCX traded down $4.38 on Wednesday, reaching $152.16. 67,294,011 shares of the company’s stock traded hands, compared to its average volume of 101,230,219. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a 50 day moving average of $147.51. The stock has a market cap of $2.01 trillion and a P/E ratio of -1,690.67. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last issued its quarterly 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 during the quarter. The company’s revenue was up 91.9% compared to the same quarter last year. Analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.

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.