14,040 Shares in SpaceX $SPCX Bought by Catalyst Private Wealth LLC

Key Points

• Catalyst Private Wealth LLC purchased 14,040 SpaceX shares worth approximately $2.12 million in the third quarter, making the position 0.9% of its portfolio. Several other institutional investors also increased their holdings.
• SpaceX continues to receive support from its Falcon 9 operations, Starlink growth and Starship development, but faces concerns over a proposed $40 billion debt raise, AI-related regulatory scrutiny and the costs of its wireless expansion.
• Analysts maintain a broadly positive view, with SpaceX carrying a “Moderate Buy” consensus rating and a $220.06 average price target. Shares recently traded at $156.54, while quarterly revenue rose 91.9% year over year to $7.81 billion.

Catalyst Private Wealth LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,040 shares of the company's stock, valued at approximately $2,118,000. SpaceX makes up 0.9% of Catalyst Private Wealth LLC's investment portfolio, making the stock its 25th largest position.

Other institutional investors have also recently made changes to their positions in the company. Downshift Financial LLC raised its position in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company's stock worth $83,000 after buying an additional 113 shares in the last quarter. Decision Investments Inc. increased its stake in SpaceX by 10.7% in the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company's stock worth $218,000 after acquiring an additional 139 shares during the last quarter. Worthington Financial Partners LLC lifted its position in SpaceX by 3.0% during the third quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company's stock valued at $737,000 after purchasing an additional 142 shares during the last quarter. Syntax Research Inc. bought a new stake in SpaceX during the second quarter valued at approximately $26,000. Finally, Perpetual Ltd grew its stake in SpaceX by 4.1% in the 3rd quarter. Perpetual Ltd now owns 4,020 shares of the company's stock worth $606,000 after buying an additional 159 shares in the last quarter.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX successfully launched a Falcon 9 mission carrying approximately 6,300 pounds of cargo to the International Space Station, reinforcing the company’s operational reliability and commercial launch capabilities. SpaceX successfully launches cargo to the International Space Station
• Positive Sentiment: Analysts continue to point to Starlink growth, the planned Starship program and SpaceX’s wireless ambitions as significant long-term catalysts. Some firms maintain Buy or Overweight ratings, with price targets above the current market level. Morgan Stanley on Starship as a catalyst
• Neutral Sentiment: SpaceX is seeking approval for as many as 456 Starship launches annually, a dramatic increase from its current flight cadence. The proposal highlights substantial future capacity, but execution, regulatory approval and infrastructure requirements remain uncertain. SpaceX seeks approval for 456 annual Starship launches
• Negative Sentiment: The most immediate concern is SpaceX’s proposed $40 billion debt raise to fund Nvidia chips and its AI build-out. Reports indicate that cash consumption could accelerate, while rising costs to insure SpaceX’s debt suggest bond investors are becoming more concerned about leverage and default risk. Bond investors wary of SpaceX borrowing
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena related to AI safety. Although no violation was established in the reports, the public investigation adds regulatory and reputational risk as the company expands its AI operations. SpaceX to testify before NYC Council on AI safety
• Negative Sentiment: Analyst commentary has raised concerns that SpaceX’s wireless push and spectrum acquisition could require significant investment before generating returns. Skepticism over valuation and the ability to compete with established telecom networks is adding pressure to the stock. Wall Street skepticism over SpaceX wireless expansion

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SPCX shares. Daiwa Securities Group initiated coverage on shares of SpaceX in a report on Thursday, July 2nd. They set a "neutral" rating and a $175.00 price objective for the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of SpaceX in a research note on Monday, September 28th. Benchmark started coverage on SpaceX in a report on Monday, June 22nd. They issued a "buy" rating for the company. 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. Finally, Roth Capital raised SpaceX to a "buy" rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, SpaceX currently has an average rating of "Moderate Buy" and a consensus target price of $220.06.

SpaceX Stock Performance

SPCX stock traded down $6.88 during trading on Tuesday, hitting $156.54. 68,680,166 shares of the company traded hands, compared to its average volume of 101,630,234. The firm has a market capitalization of $2.06 trillion and a price-to-earnings ratio of -1,739.33. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The stock has a 50-day moving average of $146.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted 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 business's revenue for the quarter was up 91.9% compared to the same quarter last year. Sell-side analysts expect that SpaceX will post 0.09 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.