30,120 Shares of SpaceX $SPCX Acquired by Mainsail Asset Management LLC

Mainsail Asset Management LLC purchased a new position in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 30,120 shares of the company’s stock, valued at approximately $4,544,000. SpaceX makes up 1.8% of Mainsail Asset Management LLC’s portfolio, making the stock its 9th largest position.

Other large investors also recently added to or reduced their stakes in the company. Syntax Research Inc. purchased a new stake in SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $29,000. PayPay Securities Corp bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $30,000. Hickory Point Bank & Trust purchased a new position in shares of SpaceX in the 3rd quarter worth approximately $30,000. Finally, Marquette Asset Management LLC purchased a new position in shares of SpaceX in the 2nd quarter worth approximately $32,000.

SpaceX Stock Down 2.8%

Shares of SpaceX stock opened at $152.16 on Thursday. The firm has a fifty day simple moving average of $147.51. The company has a market cap of $2.01 trillion and a P/E ratio of -1,690.67. 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 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last released 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% on a year-over-year basis. As a group, research analysts anticipate that SpaceX will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein reissued a “buy” rating on shares of SpaceX in a research report on Monday, September 28th. Canaccord Genuity Group initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target for the company. Susquehanna lifted their price objective on shares of SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 7th. Erste Group Bank assumed coverage on shares of SpaceX in a research note on Thursday, October 8th. They set a “hold” rating for the company. Finally, Wall Street Zen cut shares of SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.06.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google contract supports revenue visibility: Google is reportedly renting SpaceX computing capacity for approximately $920 million per month under a 33-month agreement potentially worth $30 billion. However, the full value is not guaranteed. Google Just Started Paying SpaceX $920 Million a Month
• Positive Sentiment: Starlink growth remains a key bullish argument: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, reinforcing Starlink as the company’s profitable growth engine. Starlink Is Adding 570,000 Subscribers a Month
• Positive Sentiment: Analyst targets imply substantial upside: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These forecasts rely on major future growth in Starlink, AI infrastructure and space-based services. Morgan Stanley Sets SpaceX Stock Price Target
• Neutral Sentiment: Merger and wireless expansion speculation is adding volatility: A Barclays analyst reportedly sees a possible Tesla–SpaceX merger by December, but prediction markets are skeptical. Separately, SpaceX’s spectrum acquisition could enable Starlink Mobile, although analysts question whether the company can match terrestrial networks and generate material revenue before 2028. Analyst Sees Tesla-SpaceX Merger Coming
• Negative Sentiment: Starshield restrictions create reputational and political risk: Ukraine says new speed limits on military Starlink terminals disrupted drone operations. Musk attributed any restrictions to the U.S. government and ultimately President Trump, but the controversy could threaten government relationships and raise regulatory concerns. Elon Musk Says Trump Is Responsible for Starshield Curbs
• Negative Sentiment: Capital needs and valuation remain major concerns: SpaceX is reportedly seeking as much as $40 billion in new debt to fund AI, chips, orbital data centers and other projects. Investors are increasingly focused on cash burn, borrowing costs and whether the company’s roughly $2 trillion valuation can be justified by near-term earnings.

Insider Buying and Selling

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

About SpaceX

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.