6,578 Shares in SpaceX $SPCX Purchased by Vista Investment Partners LLC

Key Points

• Vista Investment Partners purchased 6,578 SpaceX shares in the third quarter, valued at approximately $992,000; several other institutional investors also initiated positions.
• Analyst sentiment is generally positive, with SpaceX receiving a “Moderate Buy” consensus rating and an average price target of $218.76.
• Growth prospects include expanded Starlink satellite services, AI-compute operations and streamlined launch approvals, while potential share selling, heavy AI investment and financing needs pose risks.

Vista Investment Partners LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,578 shares of the company's stock, valued at approximately $992,000.

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

Analyst Upgrades and Downgrades

SPCX has been the topic of a number of recent analyst reports. Daiwa Securities Group assumed coverage on SpaceX in a research report on Thursday, July 2nd. They issued a "neutral" rating and a $175.00 price target on the stock. CLSA started coverage on shares of SpaceX in a research note on Monday, September 28th. They set an "outperform" rating and a $250.00 price objective on the stock. Roth Capital raised shares of SpaceX to a "buy" rating in a report on Monday, June 22nd. KeyCorp reaffirmed a "sector weight" rating on shares of SpaceX in a report on Tuesday, July 28th. Finally, Wolfe Research reissued an "outperform" rating and issued a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, SpaceX presently has an average rating of "Moderate Buy" and a consensus price target of $218.76.

Key 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 approval expands Starlink’s potential mobile-connectivity market and could strengthen SpaceX’s competitive position. SpaceX gets FCC approval for 15,000 Starlink satellites
• Positive Sentiment: Analyst support remains a bullish counterweight. Morgan Stanley reiterated a Buy rating with a $300 price target, while Goldman Sachs raised its outlook and Susquehanna lifted its target to $173, citing growth across launch, Starlink and AI. Morgan Stanley maintains SpaceX Buy rating
• Positive Sentiment: Financial Times commentator John Foley said SpaceX’s AI-compute operation appears to have real customer demand. Renting data-center capacity could ultimately provide substantial recurring revenue if the company can execute its expansion. SpaceX AI data-center revenue analysis
• Positive Sentiment: New FAA and Department of Transportation initiatives to streamline launch approvals could support higher launch frequency, benefiting SpaceX as the industry’s leading launch provider. FAA launch licensing proposals
• Neutral Sentiment: Erste Group initiated coverage with a Hold rating, reflecting the tension between SpaceX’s rapid AI and Starlink growth prospects and its demanding valuation and execution risks.
• Negative Sentiment: Up to 328.4 million shares are scheduled to become eligible for sale on October 9. The potential increase in tradable supply is encouraging investors to reduce exposure or wait for possible selling pressure. SpaceX October 9 share unlock
• Negative Sentiment: SpaceX is reportedly seeking approximately $40 billion—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia AI chips. Investors are concerned that leverage could rise sharply despite the company reportedly holding roughly $100 billion in cash and marketable securities. Apollo and banks discuss financing SpaceX GPU purchase
• Negative Sentiment: The proposed AI buildout could require as much as $500 billion in total investment, increasing concerns about capital intensity, chip obsolescence, debt-service demands and execution risk.
• Negative Sentiment: Starlink’s India launch remains stalled amid a dispute involving local telecom operators and regulators, delaying access to a major potential growth market. Starlink India launch dispute

SpaceX Stock Performance

Shares of SPCX traded down $5.81 during mid-day trading on Thursday, reaching $161.79. The company had a trading volume of 42,132,872 shares, compared to its average volume of 102,157,078. The business's 50 day moving average price is $142.98. 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 company has a market cap of $2.13 trillion and a P/E ratio of -1,797.63.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The firm's quarterly revenue was up 91.9% on a year-over-year basis. As a group, equities analysts forecast that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction on 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 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 legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Company 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.

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