Mainsail Asset Management LLC Acquires 30,120 Shares of SpaceX $SPCX

Mainsail Asset Management LLC acquired a new position in 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 30,120 shares of the company's stock, valued at approximately $4,544,000. SpaceX makes up 1.8% of Mainsail Asset Management LLC's investment portfolio, making the stock its 9th largest position.

A number of other institutional investors also recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in SpaceX by 279.3% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 8,895 shares of the company's stock valued at $1,342,000 after purchasing an additional 6,550 shares during the period. Viking Fund Management LLC purchased a new stake in SpaceX in the third quarter worth about $1,358,000. Kellett Wealth Advisors LLC purchased a new stake in SpaceX in the third quarter worth about $200,000. HBW Advisory Services LLC raised its stake in shares of SpaceX by 55.4% in the third quarter. HBW Advisory Services LLC now owns 12,464 shares of the company's stock worth $1,880,000 after buying an additional 4,441 shares during the period. Finally, Howard Financial Services LTD. bought a new position in shares of SpaceX in the third quarter worth about $477,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google contract supports revenue visibility: Google is reportedly renting SpaceX computing capacity for approximately $920 million per month under a 33-month agreement potentially worth $30 billion. However, the full value is not guaranteed. Google Just Started Paying SpaceX $920 Million a Month
• Positive Sentiment: Starlink growth remains a key bullish argument: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, reinforcing Starlink as the company’s profitable growth engine. Starlink Is Adding 570,000 Subscribers a Month
• Positive Sentiment: Analyst targets imply substantial upside: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These forecasts rely on major future growth in Starlink, AI infrastructure and space-based services. Morgan Stanley Sets SpaceX Stock Price Target
• Neutral Sentiment: Merger and wireless expansion speculation is adding volatility: A Barclays analyst reportedly sees a possible Tesla–SpaceX merger by December, but prediction markets are skeptical. Separately, SpaceX’s spectrum acquisition could enable Starlink Mobile, although analysts question whether the company can match terrestrial networks and generate material revenue before 2028. Analyst Sees Tesla-SpaceX Merger Coming
• Negative Sentiment: Starshield restrictions create reputational and political risk: Ukraine says new speed limits on military Starlink terminals disrupted drone operations. Musk attributed any restrictions to the U.S. government and ultimately President Trump, but the controversy could threaten government relationships and raise regulatory concerns. Elon Musk Says Trump Is Responsible for Starshield Curbs
• Negative Sentiment: Capital needs and valuation remain major concerns: SpaceX is reportedly seeking as much as $40 billion in new debt to fund AI, chips, orbital data centers and other projects. Investors are increasingly focused on cash burn, borrowing costs and whether the company’s roughly $2 trillion valuation can be justified by near-term earnings.

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 shares were 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 approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Down 2.8%

Shares of SPCX stock opened at $152.16 on Thursday. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The stock has a 50-day moving average price of $147.51. The company has a market capitalization of $2.01 trillion and a PE ratio of -1,690.67.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The business's revenue was up 91.9% compared to the same quarter last year. As a group, research analysts predict that SpaceX will post 0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPCX has been the topic of a number of analyst reports. CLSA started coverage on SpaceX in a research report on Monday, September 28th. They set an "outperform" rating and a $250.00 price objective on the stock. Susquehanna increased their target price on shares of SpaceX from $144.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, October 7th. Sanford C. Bernstein reissued a "buy" rating on shares of SpaceX in a report on Monday, September 28th. Wells Fargo & Company decreased their target price on shares of SpaceX from $215.00 to $212.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 8th. Finally, Needham & Company LLC restated a "buy" rating on shares of SpaceX in a research note on Wednesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, SpaceX presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.06.

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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