10,583 Shares of SpaceX $SPCX Bought by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC acquired a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, Holdings Channel.com reports. The firm acquired 10,583 shares of the company’s stock, valued at approximately $1,597,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wedbush Securities Inc. bought a new position in SpaceX in the second quarter worth approximately $5,094,000. Apella Capital LLC grew its stake in SpaceX by 218.2% in the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after acquiring an additional 5,777 shares during the period. Hyperion Asset Management Ltd acquired a new stake in SpaceX in the second quarter valued at approximately $201,137,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX during the second quarter valued at approximately $6,587,531,000. Finally, Turner Financial Group Inc. bought a new stake in shares of SpaceX during the second quarter valued at approximately $1,228,000.

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research reports. Benchmark initiated coverage on shares of SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating for the company. Wall Street Zen downgraded shares of SpaceX from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Seaport Research Partners lowered shares of SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research note on Tuesday, September 29th. Finally, Stifel Nicolaus started coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and a consensus price target of $220.06.

SpaceX Stock Down 4.2%

SPCX stock traded down $6.88 during trading on Tuesday, reaching $156.54. The stock had a trading volume of 68,680,166 shares, compared to its average volume of 101,630,234. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock has a 50 day moving average price of $146.63. The stock has a market cap of $2.06 trillion and a P/E ratio of -1,739.33.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The company’s revenue was up 91.9% on a year-over-year basis. As a group, research analysts predict that SpaceX will post 0.09 earnings per share for the current fiscal year.

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 Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX 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.