37,934 SpaceX $SPCX Shares Purchased by Venture Visionary Partners LLC

Venture Visionary Partners LLC boosted its holdings in shares of SpaceX (NASDAQ:SPCX) by 777.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,816 shares of the company’s stock after purchasing an additional 37,934 shares during the quarter. Venture Visionary Partners LLC’s holdings in SpaceX were worth $6,459,000 at the end of the most recent quarter.

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

SpaceX Trading Down 2.5%

Shares of NASDAQ SPCX traded down $4.32 during midday trading on Wednesday, hitting $167.60. The company’s stock had a trading volume of 77,089,279 shares, compared to its average volume of 102,944,063. The business’s 50 day moving average price is $142.98. The firm has a market capitalization of $2.21 trillion and a price-to-earnings ratio of -1,862.22. 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.

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

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is reportedly in talks to raise approximately $40 billion to purchase Nvidia AI chips and expand its terrestrial computing business. The proposed financing could include roughly $10 billion of bank loans and $30 billion of investment-grade bonds, with Apollo Global Management and major banks involved. If the company successfully monetizes its planned AI capacity, the investment could create a significant new revenue stream. Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase
• Positive Sentiment: The FCC approved SpaceX’s plan to deploy up to 15,000 additional Starlink satellites for direct-to-device connectivity and waived a ground-carrier leasing requirement. The decision may accelerate Starlink’s mobile coverage and commercial partnerships. SpaceX wins FCC approval for 15,000 Starlink satellites
• Positive Sentiment: Regulatory proposals to auction additional spectrum for satellite-to-phone services, combined with efforts to streamline rocket licensing, could support Starlink growth and increase SpaceX’s launch cadence. FCC to vote on auctioning prime spectrum
• Neutral Sentiment: Susquehanna raised its SpaceX price target to $173 but maintained a neutral rating, citing strong growth while signaling limited near-term upside at the current valuation. Susquehanna raises price target on SPCX
• Negative Sentiment: The proposed AI purchase would add debt roughly comparable to SpaceX’s annual revenue, raising concerns about interest costs, execution and whether AI-compute cash flow will arrive quickly enough to support the borrowing. This financing risk was the primary reason shares weakened. SpaceX reportedly is looking to raise debt to buy Nvidia chips
• Negative Sentiment: Investors are also monitoring elevated valuation, rising Treasury yields and potential selling ahead of a reported share unlock. ARK Invest’s sale of approximately $9.4 million of SpaceX shares added to the caution. Cathie Wood sold $9.4 million in SpaceX stock

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $235.00 price objective on shares of SpaceX in a research report on Monday, September 28th. KGI Securities lowered SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. Piper Sandler cut their price target on SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Daiwa Securities Group initiated coverage on SpaceX in a research note on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price objective on the stock. Finally, Barclays upgraded SpaceX from an “underweight” rating to an “overweight” rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and a consensus price target of $218.76.

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 $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.