SpaceX $SPCX Stake Boosted by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its position in shares of SpaceX (NASDAQ:SPCX) by 67.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,416 shares of the company’s stock after acquiring an additional 4,199 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in SpaceX were worth $1,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Syntax Research Inc. purchased a new stake in shares of SpaceX during the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX during the second quarter valued at approximately $29,000. PayPay Securities Corp bought a new position in SpaceX in the second quarter worth approximately $30,000. Hickory Point Bank & Trust purchased a new position in shares of SpaceX during the 3rd quarter worth $30,000. Finally, Marquette Asset Management LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $32,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The FCC approved SpaceX’s plan to deploy 15,000 additional Starlink satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision could accelerate Starlink’s mobile connectivity expansion. SpaceX gets FCC approval for 15,000 Starlink satellites
• Positive Sentiment: Morgan Stanley reaffirmed a Buy rating and a $300 price target, arguing that Starlink and contracted AI-compute capacity could support SpaceX’s growth and help service the planned AI investment. Morgan Stanley maintains SpaceX Buy rating
• Neutral Sentiment: Erste Group initiated coverage with a Hold rating. The firm sees meaningful potential in SpaceX’s AI operations and core rocket business, but the company’s rapid expansion and valuation leave limited room for execution setbacks. Erste Group initiates SpaceX coverage
• Neutral Sentiment: President Donald Trump’s financial disclosure showed a purchase of as much as $5 million in SpaceX debt. While the investment may attract attention, it does not directly change the company’s operating outlook. Trump disclosure includes SpaceX debt purchase
• Negative Sentiment: SpaceX is reportedly seeking approximately $40 billion—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia AI chips and expand computing capacity. Investors are concerned that the debt could increase leverage and credit risk, particularly because the company already has substantial cash reserves. Apollo and banks discuss SpaceX Nvidia financing
• Negative Sentiment: Up to 328.4 million shares may become eligible for trading in the October 9 lock-up expiration, creating a potential increase in supply and additional selling pressure after the stock’s recent rally. SpaceX share unlock outlook
• Negative Sentiment: Starlink’s launch in India remains stalled. Elon Musk accused powerful local telecom interests of blocking the service, while India rejected the discrimination claim, escalating regulatory and political uncertainty around a potentially important market. Starlink India launch dispute

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s 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 owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Guggenheim initiated coverage on SpaceX in a research report on Friday, August 7th. They set a “buy” rating on the stock. Stifel Nicolaus began coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective on the stock. Roth Capital upgraded SpaceX to a “buy” rating in a research note on Monday, June 22nd. Wells Fargo & Company decreased their target price on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Finally, Erste Group Bank assumed coverage on shares of SpaceX in a research report on Thursday. They issued a “hold” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and an average target price of $218.76.

SpaceX Stock Down 3.4%

NASDAQ SPCX traded down $5.75 during trading hours on Thursday, reaching $161.85. The company’s stock had a trading volume of 37,757,398 shares, compared to its average volume of 102,078,094. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.13 trillion and a P/E ratio of -1,799.48. The business’s 50-day moving average is $142.98.

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

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.