10,017 Shares in SpaceX $SPCX Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC acquired a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,017 shares of the company’s stock, valued at approximately $1,511,000.

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

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analyst support remains strong: Morgan Stanley reiterated an Overweight rating and a $300 price target, while Raymond James maintained a Strong Buy rating with an $800 target. Analysts point to Starship, Starlink and potential wireless and AI businesses as long-term catalysts. Morgan Stanley sets SpaceX stock price target
• Positive Sentiment: Starlink is adding customers rapidly: SpaceX reportedly added about 570,000 subscribers per month in the second quarter, supporting the company’s only profitable major business and potentially generating roughly $450 million in additional annualized revenue per monthly subscriber cohort. Starlink Is Adding 570,000 Subscribers a Month
• Positive Sentiment: Operational momentum continues: A successful Falcon 9 cargo and Starlink launch reinforces SpaceX’s launch execution, while its proposal to increase Starship activity to as many as 456 launches annually could materially expand capacity if regulators approve it. SpaceX successfully launches cargo to the ISS
• Neutral Sentiment: Upcoming share unlock: As many as 1.3 billion additional shares may become eligible for trading on October 24. Earlier unlocks have not consistently caused major declines, but the event could increase short-term volatility and supply. SpaceX share unlocks
• Negative Sentiment: Ukraine-related controversy is weighing on sentiment: Ukrainian officials and Reuters reported that SpaceX restricted or slowed military Starlink terminals, disrupting combat missions. The episode raises reputational, political and contract risks. Ukraine accuses SpaceX of crippling drone missions
• Negative Sentiment: Investors are concerned about spending and leverage: SpaceX is reportedly seeking up to $40 billion in new debt while funding AI infrastructure, spectrum acquisitions, terrestrial wireless capabilities and satellite expansion. Critics argue Starlink Mobile could require billions more before producing meaningful revenue. SpaceX wants $40 billion in new debt
• Negative Sentiment: Wireless competition remains unproven: Telecom executives and analysts question whether Starlink Mobile can match terrestrial networks, while regulatory delays in India and infrastructure, device-compatibility and spectrum costs add execution risk. SpaceX Starlink Mobile’s biggest hurdle

Insiders Place Their Bets

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value 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 $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

SPCX has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $246.00 target price on shares of SpaceX in a report on Wednesday, August 5th. Bank of America assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $235.00 target price on the stock. Stifel Nicolaus began coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. Needham & Company LLC restated a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Finally, Clear Str raised SpaceX to a “strong-buy” rating in a research report on Tuesday, July 7th. Three 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

SpaceX Price Performance

Shares of NASDAQ SPCX traded down $2.89 during trading on Wednesday, hitting $153.65. The stock had a trading volume of 37,749,767 shares, compared to its average volume of 100,859,461. 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 company’s fifty day moving average price is $146.63. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The firm has a market capitalization of $2.03 trillion and a P/E ratio of -1,707.87.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities analysts expect that SpaceX will post 0.07 earnings per share for the current fiscal year.

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.