Parisi Gray Wealth Management Purchases 5,179 Shares of SpaceX $SPCX

Parisi Gray Wealth Management grew its position in shares of SpaceX (NASDAQ:SPCX) by 70.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,500 shares of the company’s stock after acquiring an additional 5,179 shares during the quarter. Parisi Gray Wealth Management’s holdings in SpaceX were worth $1,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SC US Ttgp LTD. bought a new stake in shares of SpaceX during the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX in the second quarter valued at about $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX during the second quarter worth approximately $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 acquired a new position in shares of SpaceX in the second quarter valued at about $1,366,880,000.

Analysts Set New Price Targets

SPCX has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of SpaceX in a research note on Tuesday, September 29th. Canaccord Genuity Group started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price on the stock. Moffett Nathanson increased 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. Sanford C. Bernstein reissued a “buy” rating on shares of SpaceX in a research note on Monday, September 28th. Finally, Oppenheimer upped their price objective on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $221.34.

SpaceX Stock Performance

Shares of NASDAQ:SPCX traded down $2.59 during trading on Friday, reaching $146.03. The stock had a trading volume of 88,126,147 shares, compared to its average volume of 94,434,504. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average is $148.44. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market capitalization of $1.92 trillion and a PE ratio of -1,622.56.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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 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 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

More SpaceX News

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.

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.