20,000 Shares of SpaceX $SPCX Purchased by Canal Insurance CO

Canal Insurance CO purchased a new stake in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,000 shares of the company’s stock, valued at approximately $3,017,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. bought a new position in SpaceX during the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP acquired a new stake in SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX in the second quarter worth approximately $6,587,531,000. State Street Corp bought a new stake in SpaceX in the second quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in shares of SpaceX during the 2nd quarter worth $1,366,880,000.

SpaceX Trading Down 0.2%

SPCX traded down $0.29 during trading on Tuesday, hitting $147.67. The stock had a trading volume of 49,147,722 shares, compared to its average volume of 100,185,781. The stock has a market capitalization of $1.95 trillion and a price-to-earnings ratio of -1,639.78. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. 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 50 day simple moving average of $148.63.

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

Insider Activity

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

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors are focused on whether Starlink growth, satellite services and AI-computing revenue can support SpaceX’s expansion. SpaceX Q3 Earnings Preview
• Positive Sentiment: Morgan Stanley’s Adam Jonas said a successful Starship mid-air catch could unlock additional valuation upside, although he also flagged potential debt issuance. Starship progress, orbital refueling and lunar-lander development are key investor questions. Starship Catch Could Unlock Valuation Upside
• Positive Sentiment: SpaceX successfully launched the Bandwagon-5 rideshare mission carrying dozens of payloads, reinforcing its launch cadence and commercial space position. SpaceX Bandwagon-5 Launch
• Positive Sentiment: Longer-term optimism remains strong: Bernstein reiterated a Buy rating with a $248 price target, while analysts continue to cite Starlink’s expansion and AI data-center demand as potential growth drivers. Bernstein Sets SpaceX Price Target
• Neutral Sentiment: Options markets imply roughly a 6% to 8% post-earnings move, signaling unusually high uncertainty rather than a clear directional view. Options Traders’ SpaceX Earnings Expectations
• Neutral Sentiment: Speculation about a Tesla–SpaceX merger continues, but no transaction has been announced. Musk’s pledge to give a SpaceX share to every U.S. child also lacks eligibility, funding and distribution details, limiting its immediate financial significance. SpaceX and Tesla Earnings
• Negative Sentiment: Investors worry that AI-computing revenue may come with heavy capital expenditures, financing needs and weaker near-term profitability. Higher 2027 spending guidance or additional borrowing could pressure SPCX. SpaceX Earnings and Financing Needs
• Negative Sentiment: More than one billion shares are expected to become eligible for sale after the quarterly update, creating an overhang and adding to near-term volatility. SpaceX Lockup Expiration

Analyst Ratings Changes

SPCX has been the topic of a number of recent research reports. Susquehanna raised their price target on shares of SpaceX from $144.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Benchmark started coverage on shares of SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 price objective on shares of SpaceX in a report on Monday, September 28th. Citigroup downgraded shares of SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Finally, Weiss Ratings started coverage on SpaceX in a report on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $221.44.

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.