SpaceX $SPCX Shares Newly Purchased by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX purchased a new position in SpaceX (NASDAQ:SPCX) in the third quarter, Holdings Channel.com reports. The firm purchased 7,360 shares of the company’s stock, valued at approximately $1,110,000.

Several other hedge funds have also recently made changes to their positions in SPCX. Syntax Research Inc. bought a new position in SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX in the 2nd quarter worth $30,000. Marquette Asset Management LLC bought a new stake in shares of SpaceX in the second quarter worth $32,000. Finally, Hickory Point Bank & Trust purchased a new stake in SpaceX during the third quarter valued at $30,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink spectrum acquisition expands SpaceX’s addressable market. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz licenses, covering as much as 14 MHz of paired spectrum across nearly the entire U.S. The deal could improve indoor coverage and help Starlink develop nationwide satellite-to-phone and terrestrial wireless services, positioning the company as a potential competitor to AT&T, Verizon and T-Mobile. The transaction still requires final FCC approval. Reuters spectrum acquisition report
• Positive Sentiment: Regulatory and analyst support reinforce the growth narrative. The FCC approved SpaceX’s plan for up to 15,000 next-generation Starlink satellites for direct-to-device connectivity, while Morgan Stanley maintained a Buy rating and a $300 price target. Dan Ives also added SpaceX to his AI “Winner List.” FCC satellite approval report
• Positive Sentiment: Investors continue to focus on SpaceX’s long-term AI and connectivity potential. Elon Musk highlighted an eventual opportunity spanning Starship, AI, robotics and space-based industries. SpaceX’s reported AI-compute agreements and Starlink’s operating profitability provide a bullish rationale for its ambitious valuation, although much of this upside remains dependent on execution.
• Neutral Sentiment: Telecom-sector reaction underscores both opportunity and competition. Shares of major wireless carriers declined as investors assessed SpaceX as a new nationwide rival, while cell-tower stocks benefited from expectations that satellite and terrestrial networks may require additional infrastructure.
• Negative Sentiment: A large insider share unlock could increase selling pressure. Approximately 319 million shares, potentially worth up to $51 billion, became eligible for sale, creating a substantial near-term increase in tradable supply.
• Negative Sentiment: Reported AI financing plans raise leverage concerns. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips. The plan could accelerate AI revenue growth, but investors are concerned about debt, capital intensity and credit risk despite the company’s reported cash holdings. CNBC financing report
• Negative Sentiment: Insider selling and international delays add caution. ARK Invest sold approximately $4.7 million of SpaceX shares, while Starlink’s launch in India remains stalled amid regulatory and political disputes. These developments temper the otherwise bullish spectrum and AI announcements.

Wall Street Analyst Weigh In

SPCX has been the topic of several recent research reports. UBS Group reiterated a “buy” rating on shares of SpaceX in a research note on Tuesday, September 29th. Stifel Nicolaus started coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price target on the stock. Raymond James Financial downgraded SpaceX from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Mizuho began coverage on shares of SpaceX in a report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, Wolfe Research reissued an “outperform” rating and issued a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $219.77.

SpaceX Trading Down 4.2%

SPCX opened at $160.57 on Friday. The stock has a 50-day moving average of $143.95. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a market capitalization of $2.12 trillion and a price-to-earnings ratio of -1,784.11.

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

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.