3,266 Shares of SpaceX $SPCX Acquired by Lincoln Capital LLC

Lincoln Capital LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,266 shares of the company’s stock, valued at approximately $493,000.

Several other large investors have also recently modified their holdings of SPCX. SC US Ttgp LTD. purchased a new stake in shares of SpaceX during the 2nd quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX in the 2nd quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp bought a new stake in SpaceX during the 2nd quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of SpaceX during the second quarter worth $1,366,880,000.

SpaceX Stock Up 1.2%

NASDAQ:SPCX traded up $2.00 during trading hours on Friday, hitting $162.57. 92,626,626 shares of the company’s stock traded hands, compared to its average volume of 102,444,141. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a fifty day moving average of $145.03. 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 market cap of $2.14 trillion and a price-to-earnings ratio of -1,806.33.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business 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 expect that SpaceX will post 0.09 EPS for the current year.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’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 value 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 represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. New Street Research upgraded SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. Wedbush began coverage on SpaceX in a report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective on the stock. CLSA began coverage on SpaceX in a research note on Monday, September 28th. They issued an “outperform” rating and a $250.00 target price for the company. Erste Group Bank started coverage on SpaceX in a research report on Thursday. They set a “hold” rating on the stock. Finally, Cfra began coverage on shares of SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.77.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The spectrum purchase—reported at roughly $8 billion by some outlets, although the exact price was not disclosed—could give Starlink Mobile stronger coverage indoors and in dense urban areas where satellites are less effective. The deal also positions SpaceX to compete more directly with AT&T, Verizon and T-Mobile. SpaceX’s low-band spectrum deal gives Starlink Mobile a terrestrial foothold
• Positive Sentiment: Analyst support added to the bullish reaction. Barclays initiated coverage with a Buy rating and a $254 target, while TD Cowen reaffirmed Buy with a $200 target; other analysts highlighted the hybrid satellite-and-terrestrial network strategy. Two Reasons SpaceX Stock Is Jumping Higher Today
• Positive Sentiment: The FCC’s approval of up to 15,000 next-generation Starlink satellites strengthens the company’s long-term direct-to-device opportunity. Investors are also valuing SpaceX’s reported AI-computing demand and potential Nvidia chip purchases as additional growth engines. SpaceX Gets Green Light for 15,000 Starlink Satellites
• Neutral Sentiment: The spectrum transaction remains subject to final FCC approval, and SpaceX still must invest heavily to build a terrestrial network, integrate services and attract wireless customers. The launch of Blue Origin as a future public-company competitor may also increase attention on the space sector. SpaceX Makes Big Play to Become a Wireless Carrier
• Negative Sentiment: Up to approximately $51 billion of insider shares became eligible for sale, creating a potential supply overhang and volatility risk after the recent rally. SpaceX Insider Shares Unlock
• Negative Sentiment: Reports that SpaceX may borrow $40 billion to purchase Nvidia chips continue to raise concerns about leverage, execution and the risk of spending aggressively on an unproven AI infrastructure business despite its substantial cash holdings. SpaceX in Talks to Raise $40 Billion in Loans

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.