SpaceX $SPCX Shares Purchased by Snider Financial Group

Snider Financial Group grew its stake in shares of SpaceX (NASDAQ:SPCX) by 119.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,976 shares of the company’s stock after buying an additional 3,800 shares during the quarter. Snider Financial Group’s holdings in SpaceX were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Viking Fund Management LLC acquired a new position in shares of SpaceX in the 3rd quarter valued at about $1,358,000. Wedbush Securities Inc. bought a new stake in SpaceX during the second quarter worth approximately $5,094,000. Avior Wealth Management LLC acquired a new stake in shares of SpaceX in the third quarter valued at about $2,934,000. Apella Capital LLC grew its stake in shares of SpaceX by 218.2% in the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after acquiring an additional 5,777 shares during the last quarter. Finally, Hyperion Asset Management Ltd bought a new position in shares of SpaceX during the 2nd quarter worth about $201,137,000.

SpaceX Price Performance

SpaceX stock traded down $2.59 during midday trading on Friday, hitting $146.03. The company’s stock had a trading volume of 88,126,147 shares, compared to its average volume of 94,434,504. The company has a 50-day simple moving average of $148.44. 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 $1.92 trillion and a P/E ratio of -1,622.56.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business’s quarterly revenue was up 91.9% compared to the same quarter last year. Sell-side analysts forecast that SpaceX will post 0.07 EPS for the current year.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Daiwa Securities Group initiated coverage on shares of SpaceX in a research report on Thursday, July 2nd. They set a “neutral” rating and a $175.00 target price on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating and set a $75.00 price target for the company in a research report on Friday, July 31st. Evercore reiterated an “outperform” rating and issued a $275.00 price objective on shares of SpaceX in a report on Friday. Finally, KGI Securities lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a report on Monday, June 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $221.34.

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.