HBW Advisory Services LLC Purchases 4,441 Shares of SpaceX $SPCX

HBW Advisory Services LLC raised its position in SpaceX (NASDAQ:SPCX) by 55.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,464 shares of the company’s stock after purchasing an additional 4,441 shares during the period. HBW Advisory Services LLC’s holdings in SpaceX were worth $1,880,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Howard Financial Services LTD. bought a new position in shares of SpaceX in the third quarter valued at approximately $477,000. ZWJ Investment Counsel Inc. increased its position in shares of SpaceX by 12.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 3,499 shares of the company’s stock valued at $528,000 after acquiring an additional 374 shares during the last quarter. Mather Group LLC. increased its position in shares of SpaceX by 16.7% during the third quarter. Mather Group LLC. now owns 4,744 shares of the company’s stock valued at $716,000 after acquiring an additional 679 shares during the last quarter. Hudock Inc. purchased a new stake in shares of SpaceX during the third quarter valued at approximately $409,000. Finally, West Wealth Group LLC lifted its holdings in SpaceX by 38.7% during the third quarter. West Wealth Group LLC now owns 3,778 shares of the company’s stock worth $570,000 after acquiring an additional 1,054 shares during the period.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google contract supports revenue visibility: Google is reportedly renting SpaceX computing capacity for approximately $920 million per month under a 33-month agreement potentially worth $30 billion. However, the full value is not guaranteed. Google Just Started Paying SpaceX $920 Million a Month
• Positive Sentiment: Starlink growth remains a key bullish argument: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, reinforcing Starlink as the company’s profitable growth engine. Starlink Is Adding 570,000 Subscribers a Month
• Positive Sentiment: Analyst targets imply substantial upside: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These forecasts rely on major future growth in Starlink, AI infrastructure and space-based services. Morgan Stanley Sets SpaceX Stock Price Target
• Neutral Sentiment: Merger and wireless expansion speculation is adding volatility: A Barclays analyst reportedly sees a possible Tesla–SpaceX merger by December, but prediction markets are skeptical. Separately, SpaceX’s spectrum acquisition could enable Starlink Mobile, although analysts question whether the company can match terrestrial networks and generate material revenue before 2028. Analyst Sees Tesla-SpaceX Merger Coming
• Negative Sentiment: Starshield restrictions create reputational and political risk: Ukraine says new speed limits on military Starlink terminals disrupted drone operations. Musk attributed any restrictions to the U.S. government and ultimately President Trump, but the controversy could threaten government relationships and raise regulatory concerns. Elon Musk Says Trump Is Responsible for Starshield Curbs
• Negative Sentiment: Capital needs and valuation remain major concerns: SpaceX is reportedly seeking as much as $40 billion in new debt to fund AI, chips, orbital data centers and other projects. Investors are increasingly focused on cash burn, borrowing costs and whether the company’s roughly $2 trillion valuation can be justified by near-term earnings.

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 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPCX shares. Mizuho assumed coverage on SpaceX in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 price objective on the stock. Moffett Nathanson raised their target price on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. Evercore assumed coverage on SpaceX in a research report on Tuesday, July 14th. They set an “outperform” rating and a $230.00 target price for the company. Wall Street Zen cut SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a report on Monday, September 28th. Three investment 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $220.06.

SpaceX Stock Down 2.8%

SpaceX stock opened at $152.16 on Thursday. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company’s 50 day moving average is $147.51. The company has a market cap of $2.01 trillion and a P/E ratio of -1,690.67. 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 (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The firm’s revenue for the quarter was up 91.9% on a year-over-year basis. Equities analysts expect that SpaceX will post 0.07 EPS for the current fiscal year.

SpaceX Company 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.