SpaceX $SPCX Shares Newly Bought by Family Legacy Financial Solutions LLC

Family Legacy Financial Solutions LLC purchased a new position in SpaceX (NASDAQ:SPCX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,792 shares of the company’s stock, valued at approximately $723,000. SpaceX makes up about 0.4% of Family Legacy Financial Solutions LLC’s investment portfolio, making the stock its 29th biggest holding.

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

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’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 transaction of $52,547,046.90. Following the transaction, the chief operating officer directly 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

SPCX has been the subject of a number of recent analyst reports. Barclays raised shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. Wedbush assumed coverage on shares of SpaceX in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price objective for the company. Susquehanna upped their price objective on SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday. Cfra initiated coverage on shares of SpaceX in a research note on Friday, June 12th. They issued a “sell” rating and a $115.00 target price for the company. Finally, Seaport Research Partners downgraded shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.76.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reportedly won FCC approval to deploy up to 15,000 Starlink satellites for direct-to-device service. The agency also waived a ground-carrier leasing requirement, potentially accelerating Starlink’s ability to connect ordinary smartphones. SpaceX wins FCC approval for 15,000 Starlink satellites
• Positive Sentiment: The FCC is also considering an auction of 25 MHz of prime spectrum for satellite-to-phone services, which could benefit SpaceX’s direct-to-device business if the proposal advances. FCC spectrum auction proposal
• Positive Sentiment: Susquehanna raised its SpaceX price target to $173 from $144, citing growth across the company’s core businesses, although it retained a neutral rating. Susquehanna raises SpaceX price target
• Neutral Sentiment: SpaceX is reportedly discussing approximately $40 billion of financing—about $10 billion in loans and $30 billion in investment-grade bonds—to purchase Nvidia GPUs and expand its terrestrial AI-compute capacity. Supporters view the spending as a way to build a major new recurring-revenue business; investors are focused on execution and repayment capacity. Apollo and banks discuss financing SpaceX GPU purchase
• Negative Sentiment: The proposed borrowing is large relative to SpaceX’s existing business and has raised concerns about leverage, valuation, and whether projected AI-compute cash flow will arrive quickly enough. The debt news appears to be the main reason shares retreated after their recent advance.
• Negative Sentiment: Investors are also watching a potential release of up to 328.4 million shares on October 9, which could increase supply and create additional selling pressure. Cathie Wood’s ARK Invest separately sold approximately $9.4 million of SpaceX stock. SpaceX share unlock

SpaceX Stock Performance

Shares of SPCX stock traded down $4.32 during trading hours on Wednesday, reaching $167.60. The company had a trading volume of 77,089,279 shares, compared to its average volume of 102,944,063. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The stock has a fifty day simple moving average of $142.98. The firm has a market cap of $2.21 trillion and a P/E ratio of -1,862.22.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, analysts forecast that SpaceX will post 0.09 EPS for the current year.

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.