3,266 Shares of SpaceX $SPCX Bought by Lincoln Capital LLC

Lincoln Capital LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,266 shares of the company’s stock, valued at approximately $493,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SPCX. Wedbush Securities Inc. purchased a new position in shares of SpaceX during the second quarter valued at approximately $5,094,000. Hyperion Asset Management Ltd purchased a new stake in SpaceX in the 2nd quarter valued at $201,137,000. K5 Global Advisor LLC bought a new position in SpaceX during the 2nd quarter valued at $6,587,531,000. Turner Financial Group Inc. purchased a new position in SpaceX during the 2nd quarter worth $1,228,000. Finally, Rik Saylor Financial Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth $1,670,000.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale 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.

SpaceX Stock Up 1.2%

NASDAQ SPCX traded up $2.00 during trading hours on Friday, reaching $162.57. 92,626,626 shares of the company were exchanged, compared to its average volume of 102,444,141. The company has a market cap of $2.14 trillion and a PE ratio of -1,806.33. 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. The firm has a 50 day simple moving average of $145.03.

SpaceX (NASDAQ:SPCX) last released its 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 revenue was up 91.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that SpaceX will post 0.09 earnings per share for the current year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The spectrum purchase—reported at roughly $8 billion by some outlets, although the exact price was not disclosed—could give Starlink Mobile stronger coverage indoors and in dense urban areas where satellites are less effective. The deal also positions SpaceX to compete more directly with AT&T, Verizon and T-Mobile. SpaceX’s low-band spectrum deal gives Starlink Mobile a terrestrial foothold
• Positive Sentiment: Analyst support added to the bullish reaction. Barclays initiated coverage with a Buy rating and a $254 target, while TD Cowen reaffirmed Buy with a $200 target; other analysts highlighted the hybrid satellite-and-terrestrial network strategy. Two Reasons SpaceX Stock Is Jumping Higher Today
• Positive Sentiment: The FCC’s approval of up to 15,000 next-generation Starlink satellites strengthens the company’s long-term direct-to-device opportunity. Investors are also valuing SpaceX’s reported AI-computing demand and potential Nvidia chip purchases as additional growth engines. SpaceX Gets Green Light for 15,000 Starlink Satellites
• Neutral Sentiment: The spectrum transaction remains subject to final FCC approval, and SpaceX still must invest heavily to build a terrestrial network, integrate services and attract wireless customers. The launch of Blue Origin as a future public-company competitor may also increase attention on the space sector. SpaceX Makes Big Play to Become a Wireless Carrier
• Negative Sentiment: Up to approximately $51 billion of insider shares became eligible for sale, creating a potential supply overhang and volatility risk after the recent rally. SpaceX Insider Shares Unlock
• Negative Sentiment: Reports that SpaceX may borrow $40 billion to purchase Nvidia chips continue to raise concerns about leverage, execution and the risk of spending aggressively on an unproven AI infrastructure business despite its substantial cash holdings. SpaceX in Talks to Raise $40 Billion in Loans

Analyst Ratings Changes

A number of research firms recently weighed in on SPCX. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, August 7th. Barclays assumed coverage on shares of SpaceX in a research note on Thursday. They issued an “overweight” rating and a $254.00 price objective for the company. Wedbush initiated coverage on SpaceX in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 target price on the stock. Arete Research set a $450.00 target price on SpaceX in a report on Tuesday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus target price of $219.77.

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.