SpaceX $SPCX Stock Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC raised its holdings in shares of SpaceX (NASDAQ:SPCX) by 206.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,104 shares of the company’s stock after acquiring an additional 37,790 shares during the quarter. SpaceX accounts for approximately 1.7% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Mezzasalma Advisors LLC’s holdings in SpaceX were worth $8,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SC US Ttgp LTD. purchased a new position in shares of SpaceX in the second quarter worth $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX during the second quarter valued at $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX during the 2nd quarter valued at about $6,587,531,000. State Street Corp purchased a new stake in shares of SpaceX during the 2nd quarter valued at about $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new stake in shares of SpaceX in the second quarter worth approximately $1,366,880,000.

SpaceX Price Performance

Shares of SPCX traded down $4.38 on Wednesday, reaching $152.16. The company’s stock had a trading volume of 67,294,011 shares, compared to its average volume of 101,230,219. 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 capitalization of $2.01 trillion and a PE ratio of -1,690.67. The company’s 50 day moving average price is $147.51. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results 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. SpaceX’s revenue for the quarter was up 91.9% on a year-over-year basis. Analysts expect that SpaceX will post 0.07 earnings per share for the current year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction dated 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 sale, 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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong analyst upside: Morgan Stanley reiterated an Overweight rating with a $300 price target, while Raymond James maintained a Strong Buy rating and an $800 target. The broader analyst consensus also implies meaningful upside from current levels. Morgan Stanley sets SpaceX stock price target
• Positive Sentiment: Starlink continues to scale: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, supporting recurring revenue growth from its profitable satellite-internet business. Starlink subscriber growth
• Positive Sentiment: Operational progress: SpaceX successfully launched another NASA resupply mission, while its planned spectrum acquisition could expand Starlink’s direct-to-cell and wireless ambitions. SpaceX NASA resupply mission
• Neutral Sentiment: Long-term growth narrative remains intact: Investors are debating SpaceX’s potential in wireless service, AI infrastructure, orbital data centers and Starship. However, these opportunities require substantial execution and capital before they generate material returns.
• Neutral Sentiment: Starship expansion faces review: The FAA began an environmental assessment of SpaceX’s proposal to conduct as many as 456 Starship launches and landings annually, creating a possible path to greater capacity but also regulatory uncertainty. SpaceX Starship launch expansion
• Negative Sentiment: Ukraine service restrictions increased reputational and political risk: Ukrainian officials said new limits on military Starlink terminals disrupted drone operations. The reports may intensify scrutiny of SpaceX’s role in the conflict and raise concerns about customer reliability and government relationships. Ukraine accuses SpaceX of crippling drone missions
• Negative Sentiment: High funding requirements are weighing on valuation: Reports that SpaceX may seek up to $40 billion in new debt, alongside heavy AI and infrastructure spending, have raised concerns about cash burn, leverage and execution risk. SpaceX seeks new debt
• Negative Sentiment: Regulatory scrutiny persists: SpaceX agreed to testify before the New York City Council in an AI-safety investigation, adding headline and compliance risk. SpaceX AI safety testimony

Analysts Set New Price Targets

SPCX has been the topic of a number of research analyst reports. Stifel Nicolaus assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of SpaceX in a research note on Tuesday, August 25th. Guggenheim began coverage on SpaceX in a report on Friday, August 7th. They issued a “buy” rating for the company. Wedbush assumed coverage on SpaceX in a report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price objective for the company. Finally, Citigroup cut SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $220.06.

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.