37,934 SpaceX $SPCX Shares Purchased by Venture Visionary Partners LLC

Venture Visionary Partners LLC increased its holdings in SpaceX (NASDAQ:SPCX) by 777.0% in the third quarter, Holdings Channel reports. The fund owned 42,816 shares of the company’s stock after purchasing an additional 37,934 shares during the quarter. Venture Visionary Partners LLC’s holdings in SpaceX were worth $6,459,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Wedbush Securities Inc. purchased a new stake in shares of SpaceX in the 2nd quarter worth approximately $5,094,000. Hyperion Asset Management Ltd purchased a new stake in SpaceX during the second quarter worth $201,137,000. K5 Global Advisor LLC purchased a new stake in SpaceX during the second quarter worth $6,587,531,000. Turner Financial Group Inc. purchased a new position in shares of SpaceX in the 2nd quarter valued at $1,228,000. Finally, Rik Saylor Financial Inc. bought a new position in shares of SpaceX in the 2nd quarter worth $1,670,000.

SpaceX Trading Down 2.5%

NASDAQ SPCX traded down $4.32 on Wednesday, hitting $167.60. 77,089,279 shares of the company’s stock traded hands, compared to its average volume of 102,944,063. The stock’s 50-day moving average price is $142.98. The firm has a market cap of $2.21 trillion and a price-to-earnings ratio of -1,862.22. 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 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data 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 company’s revenue for the quarter was up 91.9% on a year-over-year basis. On average, research analysts anticipate that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’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 completion of 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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is reportedly in talks to raise approximately $40 billion to purchase Nvidia AI chips and expand its terrestrial computing business. The proposed financing could include roughly $10 billion of bank loans and $30 billion of investment-grade bonds, with Apollo Global Management and major banks involved. If the company successfully monetizes its planned AI capacity, the investment could create a significant new revenue stream. Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase
• Positive Sentiment: The FCC approved SpaceX’s plan to deploy up to 15,000 additional Starlink satellites for direct-to-device connectivity and waived a ground-carrier leasing requirement. The decision may accelerate Starlink’s mobile coverage and commercial partnerships. SpaceX wins FCC approval for 15,000 Starlink satellites
• Positive Sentiment: Regulatory proposals to auction additional spectrum for satellite-to-phone services, combined with efforts to streamline rocket licensing, could support Starlink growth and increase SpaceX’s launch cadence. FCC to vote on auctioning prime spectrum
• Neutral Sentiment: Susquehanna raised its SpaceX price target to $173 but maintained a neutral rating, citing strong growth while signaling limited near-term upside at the current valuation. Susquehanna raises price target on SPCX
• Negative Sentiment: The proposed AI purchase would add debt roughly comparable to SpaceX’s annual revenue, raising concerns about interest costs, execution and whether AI-compute cash flow will arrive quickly enough to support the borrowing. This financing risk was the primary reason shares weakened. SpaceX reportedly is looking to raise debt to buy Nvidia chips
• Negative Sentiment: Investors are also monitoring elevated valuation, rising Treasury yields and potential selling ahead of a reported share unlock. ARK Invest’s sale of approximately $9.4 million of SpaceX shares added to the caution. Cathie Wood sold $9.4 million in SpaceX stock

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer raised their price objective on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Bank of America began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $235.00 price objective for the company. Piper Sandler cut their price target on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $246.00 price objective on shares of SpaceX in a report on Wednesday, August 5th. Finally, Canaccord Genuity Group began coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.76.

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.