Parkway Wealth Management Group LLC Makes New Investment in SpaceX $SPCX

Parkway Wealth Management Group LLC bought a new stake in shares of SpaceX (NASDAQ:SPCX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,919 shares of the company’s stock, valued at approximately $742,000.

Other hedge funds have also made changes to their positions in the company. Syntax Research Inc. bought a new stake in shares of SpaceX in the second quarter valued at about $26,000. Atwood & Palmer Inc. bought a new position in SpaceX during the 2nd quarter worth about $29,000. PayPay Securities Corp purchased a new position in SpaceX during the 2nd quarter valued at about $30,000. Marquette Asset Management LLC purchased a new position in SpaceX during the 2nd quarter valued at about $32,000. Finally, Hickory Point Bank & Trust bought a new stake in shares of SpaceX in the 3rd quarter valued at about $30,000.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Potential AI and Starlink growth: Investors want evidence that SpaceX’s AI-computing business, Starlink connectivity and space infrastructure can produce sustainable revenue. Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. SpaceX earnings: AI revenue, financing needs and Tesla merger talks in focus
• Positive Sentiment: Musk’s proposed stock gift: Elon Musk said he plans to give one SpaceX share to every U.S. child in 2027, potentially distributing roughly $10 billion of his personal holdings. Because the proposed transfer involves Musk’s shares rather than a new company issuance, it may support public awareness without directly diluting SpaceX shareholders. Elon Musk says he’ll give one share to every child in America
• Neutral Sentiment: Merger speculation remains a catalyst: Investors are looking for updates on a possible Tesla-SpaceX combination, but the timing and structure remain uncertain. A merger could create strategic advantages by combining AI, autonomy, satellite and data assets, while also increasing execution and valuation risks. SpaceX, Tesla earnings to test Musk’s AI spending ambitions
• Negative Sentiment: High earnings and spending expectations: The market is watching AI revenue, cash flow, financing needs and 2027 capital-expenditure guidance. A revenue miss or sharply higher spending could renew concerns that the AI buildout is consuming too much capital. SpaceX earnings will be all about AI
• Negative Sentiment: Lockup expiration could add supply: More than one billion shares are expected to become eligible for sale after the earnings update, creating a possible overhang and increasing volatility. A massive SpaceX stock lockup expiration is coming

SpaceX Price Performance

Shares of SPCX stock opened at $147.96 on Tuesday. The company’s 50-day moving average is $148.63. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The company has a market capitalization of $1.95 trillion and a P/E ratio of -1,644.00.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPCX shares. TD Cowen reaffirmed a “buy” rating and issued a $200.00 price target on shares of SpaceX in a research report on Friday, October 9th. Moffett Nathanson increased their price objective on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Pivotal Research reissued a “buy” rating and issued a $230.00 price objective on shares of SpaceX in a research note on Monday, October 12th. Wolfe Research reissued an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Finally, Wells Fargo & Company lowered their target price on SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and a consensus 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.