First Heartland Consultants Inc. Purchases 6,564 Shares of SpaceX $SPCX

Key Points

• First Heartland Consultants increased its SpaceX holdings by 251.3% in the third quarter, adding 6,564 shares for a total of 9,176 shares valued at approximately $1.38 million.
• SpaceX is attracting institutional and analyst interest amid expansion plans for Starlink, including a potential spectrum acquisition and FCC approval for up to 15,000 additional satellites. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and $219.77 price target.
• Key risks include insider share-sale overhang, substantial spending and possible borrowing for Nvidia chips, and the costs and regulatory hurdles associated with building a terrestrial wireless network.

First Heartland Consultants Inc. lifted its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 251.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,176 shares of the company's stock after acquiring an additional 6,564 shares during the quarter. First Heartland Consultants Inc.'s holdings in SpaceX were worth $1,384,000 at the end of the most recent reporting period.

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

Insider Activity

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company's 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 in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The spectrum purchase—reported at roughly $8 billion by some outlets, although the exact price was not disclosed—could give Starlink Mobile stronger coverage indoors and in dense urban areas where satellites are less effective. The deal also positions SpaceX to compete more directly with AT&T, Verizon and T-Mobile. SpaceX's low-band spectrum deal gives Starlink Mobile a terrestrial foothold
• Positive Sentiment: Analyst support added to the bullish reaction. Barclays initiated coverage with a Buy rating and a $254 target, while TD Cowen reaffirmed Buy with a $200 target; other analysts highlighted the hybrid satellite-and-terrestrial network strategy. Two Reasons SpaceX Stock Is Jumping Higher Today
• Positive Sentiment: The FCC’s approval of up to 15,000 next-generation Starlink satellites strengthens the company’s long-term direct-to-device opportunity. Investors are also valuing SpaceX’s reported AI-computing demand and potential Nvidia chip purchases as additional growth engines. SpaceX Gets Green Light for 15,000 Starlink Satellites
• Neutral Sentiment: The spectrum transaction remains subject to final FCC approval, and SpaceX still must invest heavily to build a terrestrial network, integrate services and attract wireless customers. The launch of Blue Origin as a future public-company competitor may also increase attention on the space sector. SpaceX Makes Big Play to Become a Wireless Carrier
• Negative Sentiment: Up to approximately $51 billion of insider shares became eligible for sale, creating a potential supply overhang and volatility risk after the recent rally. SpaceX Insider Shares Unlock
• Negative Sentiment: Reports that SpaceX may borrow $40 billion to purchase Nvidia chips continue to raise concerns about leverage, execution and the risk of spending aggressively on an unproven AI infrastructure business despite its substantial cash holdings. SpaceX in Talks to Raise $40 Billion in Loans

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SPCX shares. Roth Capital upgraded shares of SpaceX to a "buy" rating in a research report on Monday, June 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $246.00 price objective on shares of SpaceX in a report on Wednesday, August 5th. Zacks Research upgraded SpaceX to a "hold" rating in a research report on Monday, June 15th. Susquehanna lifted their target price on SpaceX from $144.00 to $173.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Piper Sandler dropped their target price on SpaceX from $156.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.77.

SpaceX Stock Performance

Shares of SPCX opened at $162.57 on Friday. The company has a 50 day simple moving average of $145.03. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. 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 firm has a market cap of $2.14 trillion and a price-to-earnings ratio of -1,806.33.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. SpaceX's revenue for the quarter was up 91.9% compared to the same quarter last year. Equities research analysts predict that SpaceX will post 0.09 EPS for the current fiscal year.

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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