41,512 Shares in SpaceX $SPCX Purchased by ICG Advisors LLC

ICG Advisors LLC bought a new position in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,512 shares of the company’s stock, valued at approximately $6,262,000. SpaceX makes up about 17.3% of ICG Advisors LLC’s portfolio, making the stock its 2nd largest holding.

Other hedge funds also recently modified their holdings of the company. Syntax Research Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX in the second quarter worth $29,000. PayPay Securities Corp bought a new stake in SpaceX in the second quarter worth $30,000. Marquette Asset Management LLC acquired a new position in SpaceX during the second quarter worth $32,000. Finally, Hickory Point Bank & Trust acquired a new position in SpaceX during the third quarter worth $30,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction dated 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. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup lowered SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Stifel Nicolaus began coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target for the company. Wedbush assumed coverage on SpaceX in a report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $235.00 price objective on shares of SpaceX in a research note on Monday, September 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.34.

SpaceX Price Performance

Shares of NASDAQ SPCX traded down $2.59 during trading hours on Friday, hitting $146.03. 88,126,147 shares of the stock were exchanged, compared to its average volume of 94,434,504. SpaceX has a one year low of $104.83 and a one year high of $225.64. The business’s 50 day moving average is $148.44. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.56.

SpaceX (NASDAQ:SPCX) last announced its 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 firm had revenue of $7.81 billion during the quarter. The company’s quarterly revenue was up 91.9% on a year-over-year basis. Research analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

SpaceX 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.