CX Institutional Purchases 33,155 Shares of SpaceX $SPCX

Key Points

• CX Institutional acquired 33,155 SpaceX shares during the third quarter, valued at approximately $5.0 million, while several other institutional investors also initiated positions.
• SpaceX reported stronger-than-expected quarterly results, including a loss of $0.09 per share versus estimates of $0.26 and revenue of $7.81 billion, up 91.9% year over year.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average target of $218.68, though the company’s elevated valuation and execution risks remain significant concerns.

CX Institutional acquired a new position in shares of SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,155 shares of the company's stock, valued at approximately $5,002,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Syntax Research Inc. acquired a new position in SpaceX during the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX during the second quarter worth $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX during the second quarter worth $30,000. Hickory Point Bank & Trust bought a new position in shares of SpaceX in the 3rd quarter valued at $30,000. Finally, Marquette Asset Management LLC bought a new position in SpaceX in the second quarter valued at about $32,000.

Insider Transactions at SpaceX

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

SpaceX Stock Performance

Shares of SPCX stock opened at $158.96 on Friday. The stock has a market capitalization of $2.10 trillion and a P/E ratio of -1,766.22. 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 fifty day simple moving average of $139.62. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business's revenue for the quarter was up 91.9% on a year-over-year basis. On average, sell-side analysts forecast that SpaceX will post 0.02 EPS for the current fiscal year.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Three successful launches in roughly 13 hours highlighted SpaceX’s execution and launch cadence. The missions included the Crew-13 astronaut flight to the International Space Station—the fastest U.S. trip to the ISS—Google’s Project Suncatcher AI satellite mission and a Starlink-related Starship flight. SpaceX stock surges after successful ISS and Google launches
• Positive Sentiment: The Google launch strengthens the investment case for SpaceX as an AI-infrastructure provider. Google is testing chips in orbit as part of a potential space-based data-center strategy, while Elon Musk said SpaceX is cautiously optimistic about powering Nvidia AI hardware at approximately 250 kilowatts. SPCX Stock Climbs As Three Thursday Launches Meet Start Of Google’s AI Pact
• Positive Sentiment: Analyst coverage remains bullish. TD Cowen initiated a Buy rating, and several reports cited roughly 48%–55% potential upside, supported by Starlink growth, defense contracts, reusable launch technology and future Starship applications. Despite a Successful Starship Launch and a New Buy Rating
• Positive Sentiment: SpaceX’s reusable fairing program has reportedly saved about $120 million over eight years, providing evidence that launch reusability can improve long-term margins. SpaceX Saved $120 Million
• Neutral Sentiment: Investors are increasingly valuing SpaceX as both a space company and an AI company, with possible future opportunities in orbital data centers, satellite connectivity for airlines and maritime customers, and semiconductor manufacturing.
• Negative Sentiment: Valuation remains the main risk. Articles note that SPCX could become profitable in 2027, but its lofty valuation leaves little room for launch failures, Starship delays or slower-than-expected Starlink and AI commercialization. SpaceX Could Be Profitable in 2027, but the Stock Looks Expensive

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Oppenheimer increased their price objective on SpaceX from $250.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. Raymond James Financial lowered shares of SpaceX from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, August 7th. Wolfe Research restated an "outperform" rating and issued a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Canaccord Genuity Group assumed coverage on SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $246.00 target price for the company. Finally, Guggenheim assumed coverage on shares of SpaceX in a report on Friday, August 7th. They issued a "buy" rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have issued a Hold rating and seven have issued a Sell rating to the company's stock. According to MarketBeat, SpaceX presently has a consensus rating of "Moderate Buy" and an average target price of $218.68.

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.

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