SpaceX $SPCX Shares Purchased by Cooper Financial Group

Cooper Financial Group grew its stake in SpaceX (NASDAQ:SPCX) by 133.1% in the third quarter, HoldingsChannel reports. The fund owned 12,964 shares of the company’s stock after acquiring an additional 7,403 shares during the period. Cooper Financial Group’s holdings in SpaceX were worth $1,956,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Decision Investments Inc. grew its stake in shares of SpaceX by 10.7% during the third quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after purchasing an additional 139 shares during the last quarter. Syntax Research Inc. bought a new position in SpaceX in the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new position in SpaceX during the 2nd quarter worth $29,000. PayPay Securities Corp acquired a new position in SpaceX during the 2nd quarter worth $30,000. Finally, Marquette Asset Management LLC bought a new position in SpaceX in the 2nd quarter valued at $32,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reportedly won FCC approval to deploy up to 15,000 Starlink satellites for direct-to-device service. The agency also waived a ground-carrier leasing requirement, potentially accelerating Starlink’s ability to connect ordinary smartphones. SpaceX wins FCC approval for 15,000 Starlink satellites
• Positive Sentiment: The FCC is also considering an auction of 25 MHz of prime spectrum for satellite-to-phone services, which could benefit SpaceX’s direct-to-device business if the proposal advances. FCC spectrum auction proposal
• Positive Sentiment: Susquehanna raised its SpaceX price target to $173 from $144, citing growth across the company’s core businesses, although it retained a neutral rating. Susquehanna raises SpaceX price target
• Neutral Sentiment: SpaceX is reportedly discussing approximately $40 billion of financing—about $10 billion in loans and $30 billion in investment-grade bonds—to purchase Nvidia GPUs and expand its terrestrial AI-compute capacity. Supporters view the spending as a way to build a major new recurring-revenue business; investors are focused on execution and repayment capacity. Apollo and banks discuss financing SpaceX GPU purchase
• Negative Sentiment: The proposed borrowing is large relative to SpaceX’s existing business and has raised concerns about leverage, valuation, and whether projected AI-compute cash flow will arrive quickly enough. The debt news appears to be the main reason shares retreated after their recent advance.
• Negative Sentiment: Investors are also watching a potential release of up to 328.4 million shares on October 9, which could increase supply and create additional selling pressure. Cathie Wood’s ARK Invest separately sold approximately $9.4 million of SpaceX stock. SpaceX share unlock

SpaceX Price Performance

Shares of SpaceX stock traded down $4.32 during trading on Wednesday, hitting $167.60. 77,089,279 shares of the company were exchanged, compared to its average volume of 102,944,063. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The company has a market capitalization of $2.21 trillion and a price-to-earnings ratio of -1,862.22. The stock has a fifty day moving average price of $142.98. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced 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 firm 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. As a group, equities research analysts anticipate that SpaceX will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SPCX shares. Needham & Company LLC restated a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Sanford C. Bernstein reiterated a “buy” rating on shares of SpaceX in a report on Monday, September 28th. Arete Research set a $450.00 price objective on SpaceX in a research report on Tuesday, August 11th. Citigroup cut SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $218.76.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on 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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.