Carroll Advisory Group LLC Makes New Investment in SpaceX $SPCX

Carroll Advisory Group LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,475 shares of the company’s stock, valued at approximately $524,000.

Other large investors have also added to or reduced their stakes in the company. Hengehold Capital Management LLC bought a new stake in SpaceX during the third quarter valued at $210,000. Peak Financial Management Inc. purchased a new position in SpaceX during the third quarter worth about $222,000. Eagle Strategies LLC bought a new position in SpaceX in the 3rd quarter worth about $503,000. McKinley Carter Wealth Services Inc. bought a new position in SpaceX in the 3rd quarter worth about $2,802,000. Finally, Snider Financial Group raised its holdings in shares of SpaceX by 119.6% in the 3rd quarter. Snider Financial Group now owns 6,976 shares of the company’s stock valued at $1,052,000 after acquiring an additional 3,800 shares in the last quarter.

SpaceX Stock Performance

SPCX stock opened at $146.03 on Friday. The company has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.56. The firm’s fifty day simple moving average is $148.44. SpaceX has a 52 week low of $104.83 and a 52 week 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.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, analysts forecast that SpaceX will post 0.07 EPS for the current year.

Trending Headlines about SpaceX

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 Buying and Selling at SpaceX

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPCX. Evercore reissued an “outperform” rating and set a $275.00 price objective on shares of SpaceX in a report on Friday. Needham & Company LLC restated a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Arete Research set a $450.00 target price on shares of SpaceX in a research note on Tuesday, August 11th. Piper Sandler dropped their target price on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Wedbush initiated coverage on shares of SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and a consensus price target of $221.34.

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.