Fairvoy Private Wealth LLC Makes New Investment in SpaceX $SPCX

Fairvoy Private Wealth LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, HoldingsChannel reports. The fund bought 7,507 shares of the company’s stock, valued at approximately $1,133,000.

Several other institutional investors also recently modified their holdings of SPCX. Viking Fund Management LLC acquired a new stake in shares of SpaceX during the 3rd quarter valued at $1,358,000. Wedbush Securities Inc. bought a new stake in SpaceX during the 2nd quarter worth $5,094,000. Avior Wealth Management LLC acquired a new position in SpaceX in the 3rd quarter worth about $2,934,000. Apella Capital LLC increased its holdings in SpaceX by 218.2% in the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after purchasing an additional 5,777 shares in the last quarter. Finally, Hyperion Asset Management Ltd acquired a new position in SpaceX in the 2nd quarter worth about $201,137,000.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of NASDAQ:SPCX traded up $1.93 during mid-day trading on Monday, reaching $147.96. 73,697,866 shares of the company’s stock were exchanged, compared to its average volume of 100,789,758. 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 twelve month low of $104.83 and a twelve month high of $225.64. The firm has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,644.00. The firm’s fifty day simple moving average is $148.44.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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 quarterly revenue was up 91.9% compared to the same quarter last year. Analysts predict that SpaceX will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Seaport Research Partners downgraded SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Arete Research set a $450.00 price target on SpaceX in a report on Tuesday, August 11th. The Goldman Sachs Group restated a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. Stifel Nicolaus started coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a report on Tuesday, September 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.44.

Key SpaceX News

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

SpaceX Company Profile

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.