7,360 Shares in SpaceX $SPCX Acquired by Cypress Asset Management Inc. TX

Key Points

• Cypress Asset Management purchased 7,360 SpaceX shares during the third quarter, worth approximately $1.11 million. Several other institutional investors also established sizable positions during the second quarter.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and narrowed its loss to $0.09 per share, beating analyst expectations. Shares opened at $160.57, with a 52-week range of $104.83 to $225.64.
• Analyst sentiment is mixed but remains a consensus “Moderate Buy”, with an average price target of $219.77. Meanwhile, COO Gwynne Shotwell sold 342,170 shares worth approximately $52.5 million under a pre-arranged trading plan.

Cypress Asset Management Inc. TX purchased a new position in SpaceX (NASDAQ:SPCX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,360 shares of the company's stock, valued at approximately $1,110,000.

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

SpaceX Stock Performance

Shares of NASDAQ SPCX opened at $160.57 on Friday. The business has a 50 day moving average price of $143.95. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $2.12 trillion and a P/E ratio of -1,784.11.

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

Insider Activity at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 sale, the chief operating officer owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Phillip Securities raised SpaceX to a "strong sell" rating and set a $75.00 price objective on the stock in a research report on Friday, July 31st. Argus upgraded SpaceX from a "hold" rating to a "buy" rating and set a $160.00 target price for the company in a research note on Friday, August 7th. Piper Sandler dropped their price target on SpaceX from $156.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Cfra began coverage on shares of SpaceX in a research report on Friday, June 12th. They set a "sell" rating and a $115.00 price target for the company. Finally, Seaport Research Partners downgraded SpaceX from a "buy" rating to a "neutral" rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $219.77.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink spectrum acquisition expands SpaceX’s addressable market. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz licenses, covering as much as 14 MHz of paired spectrum across nearly the entire U.S. The deal could improve indoor coverage and help Starlink develop nationwide satellite-to-phone and terrestrial wireless services, positioning the company as a potential competitor to AT&T, Verizon and T-Mobile. The transaction still requires final FCC approval. Reuters spectrum acquisition report
• Positive Sentiment: Regulatory and analyst support reinforce the growth narrative. The FCC approved SpaceX’s plan for up to 15,000 next-generation Starlink satellites for direct-to-device connectivity, while Morgan Stanley maintained a Buy rating and a $300 price target. Dan Ives also added SpaceX to his AI “Winner List.” FCC satellite approval report
• Positive Sentiment: Investors continue to focus on SpaceX’s long-term AI and connectivity potential. Elon Musk highlighted an eventual opportunity spanning Starship, AI, robotics and space-based industries. SpaceX’s reported AI-compute agreements and Starlink’s operating profitability provide a bullish rationale for its ambitious valuation, although much of this upside remains dependent on execution.
• Neutral Sentiment: Telecom-sector reaction underscores both opportunity and competition. Shares of major wireless carriers declined as investors assessed SpaceX as a new nationwide rival, while cell-tower stocks benefited from expectations that satellite and terrestrial networks may require additional infrastructure.
• Negative Sentiment: A large insider share unlock could increase selling pressure. Approximately 319 million shares, potentially worth up to $51 billion, became eligible for sale, creating a substantial near-term increase in tradable supply.
• Negative Sentiment: Reported AI financing plans raise leverage concerns. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips. The plan could accelerate AI revenue growth, but investors are concerned about debt, capital intensity and credit risk despite the company’s reported cash holdings. CNBC financing report
• Negative Sentiment: Insider selling and international delays add caution. ARK Invest sold approximately $4.7 million of SpaceX shares, while Starlink’s launch in India remains stalled amid regulatory and political disputes. These developments temper the otherwise bullish spectrum and AI announcements.

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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