17,268 Shares in SpaceX $SPCX Acquired by Jackson Square Capital LLC

Key Points

• Jackson Square Capital acquired 17,268 SpaceX shares worth approximately $2.6 million in the third quarter, while several other major funds also initiated multibillion-dollar positions.
• Analyst sentiment is broadly positive: SpaceX has a “Moderate Buy” consensus rating and an average price target of $221.44, despite ratings ranging from Strong Buy to Sell.
• SpaceX shares recently traded near $148, with quarterly revenue rising 91.9% year over year to $7.81 billion and earnings exceeding estimates; however, elevated valuation, planned spending and an executive share sale remain notable risks.

Jackson Square Capital LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,268 shares of the company's stock, valued at approximately $2,605,000.

Several other hedge funds also recently made changes to their positions in SPCX. SC US Ttgp LTD. bought a new position in SpaceX in the second quarter worth $20,933,621,000. Darsana Capital Partners LP bought a new stake in shares of SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp purchased a new stake in shares of SpaceX in the 2nd quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of SpaceX in the 2nd quarter worth about $1,366,880,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. CLSA began coverage on shares of SpaceX in a research note on Monday, September 28th. They issued an "outperform" rating and a $250.00 price target for the company. Stifel Nicolaus started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a "buy" rating and a $190.00 price objective on the stock. Daiwa Securities Group assumed coverage on shares of SpaceX in a report on Thursday, July 2nd. They issued a "neutral" rating and a $175.00 price objective on the stock. Mizuho assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set an "outperform" rating and a $200.00 target price for the company. Finally, KGI Securities lowered shares of SpaceX from an "outperform" rating to a "hold" rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, SpaceX currently has an average rating of "Moderate Buy" and a consensus target price of $221.44.

SpaceX Price Performance

SpaceX stock traded up $2.08 during midday trading on Monday, reaching $148.10. 44,721,192 shares of the company traded hands, compared to its average volume of 100,428,227. The stock has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,650.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The company's 50 day simple moving average is $148.44. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings results 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. The business's quarterly revenue was up 91.9% compared to the same quarter last year. As a group, equities analysts forecast that SpaceX will post 0.07 EPS for the current year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings anticipation is driving demand. Analysts reportedly expect approximately $12.9 billion in quarterly revenue and $0.14 in earnings per share. Options markets imply a potentially significant post-earnings move, while investors will focus on Starlink cash flow, AI growth, launch activity, and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, implying substantial upside from recent trading levels. Other coverage highlights Starlink’s profitability and SpaceX’s potential role in AI infrastructure. Bernstein Sets SpaceX Stock Price Target
• Positive Sentiment: Starlink’s expansion could broaden SpaceX’s growth opportunity. SpaceX is pursuing regulatory approval for significantly more Starship activity and has agreed to acquire an 800 MHz spectrum portfolio for roughly $8 billion, potentially supporting direct-to-device and broader mobile connectivity services. Starlink Mobile Expansion
• Neutral Sentiment: Elon Musk pledged to give one SpaceX share to every U.S. child in 2027. The proposed transfer could involve roughly 70–73 million shares worth more than $10 billion at recent prices. Because the shares would reportedly come from Musk rather than SpaceX issuing new stock, the immediate dilution effect is unclear; implementation and eligibility details remain unavailable. Musk SpaceX Share Giveaway
• Negative Sentiment: Valuation and spending remain key risks. Some analysts warn that contract timing could cause SpaceX to miss the elevated revenue expectations, while planned AI, spectrum, and Starship investments could push 2027 capital expenditures sharply higher and pressure the stock if management emphasizes aggressive spending. SpaceX Q3 Bar and 2027 Spending

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred 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 sale, the chief operating officer owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.

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