SpaceX $SPCX Stake Increased by Accel Wealth Management

Accel Wealth Management boosted its stake in shares of SpaceX (NASDAQ:SPCX) by 515.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,294 shares of the company’s stock after buying an additional 6,108 shares during the quarter. Accel Wealth Management’s holdings in SpaceX were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. SC US Ttgp LTD. acquired a new stake in shares of SpaceX during the 2nd quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP acquired a new stake in shares of SpaceX in the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX in the 2nd quarter worth approximately $6,587,531,000. State Street Corp purchased a new position in SpaceX in the 2nd quarter valued at approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in SpaceX in the 2nd quarter valued at approximately $1,366,880,000.

SpaceX Trading Down 4.2%

Shares of NASDAQ SPCX traded down $6.88 during trading on Tuesday, reaching $156.54. The company had a trading volume of 68,680,166 shares, compared to its average volume of 101,630,234. 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 twelve month low of $104.83 and a twelve month high of $225.64. The business’s 50-day simple moving average is $146.63. The stock has a market capitalization of $2.06 trillion and a PE ratio of -1,739.33.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The company’s revenue for the quarter was up 91.9% on a year-over-year basis. On average, sell-side analysts predict that SpaceX will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

SPCX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SpaceX in a research report on Tuesday, August 25th. Weiss Ratings started coverage on SpaceX in a research note on Tuesday, September 1st. They set a “sell (d)” rating for the company. CLSA started coverage on SpaceX in a research note on Monday, September 28th. They set an “outperform” rating and a $250.00 price target for the company. Daiwa Securities Group started coverage on shares of SpaceX in a research report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price objective on the stock. Finally, Wedbush started coverage on shares of SpaceX in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, SpaceX currently 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: SpaceX successfully launched a Falcon 9 mission carrying approximately 6,300 pounds of cargo to the International Space Station, reinforcing the company’s operational reliability and commercial launch capabilities. SpaceX successfully launches cargo to the International Space Station
• Positive Sentiment: Analysts continue to point to Starlink growth, the planned Starship program and SpaceX’s wireless ambitions as significant long-term catalysts. Some firms maintain Buy or Overweight ratings, with price targets above the current market level. Morgan Stanley on Starship as a catalyst
• Neutral Sentiment: SpaceX is seeking approval for as many as 456 Starship launches annually, a dramatic increase from its current flight cadence. The proposal highlights substantial future capacity, but execution, regulatory approval and infrastructure requirements remain uncertain. SpaceX seeks approval for 456 annual Starship launches
• Negative Sentiment: The most immediate concern is SpaceX’s proposed $40 billion debt raise to fund Nvidia chips and its AI build-out. Reports indicate that cash consumption could accelerate, while rising costs to insure SpaceX’s debt suggest bond investors are becoming more concerned about leverage and default risk. Bond investors wary of SpaceX borrowing
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena related to AI safety. Although no violation was established in the reports, the public investigation adds regulatory and reputational risk as the company expands its AI operations. SpaceX to testify before NYC Council on AI safety
• Negative Sentiment: Analyst commentary has raised concerns that SpaceX’s wireless push and spectrum acquisition could require significant investment before generating returns. Skepticism over valuation and the ability to compete with established telecom networks is adding pressure to the stock. Wall Street skepticism over SpaceX wireless expansion

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’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 directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.