Narus Financial Partners LLC Acquires New Stake in SpaceX $SPCX

Key Points

• Narus Financial Partners acquired 6,958 SpaceX shares worth approximately $1.05 million in the third quarter, joining several major institutions that recently established positions.
• SpaceX is attracting bullish attention from analysts, with a “Moderate Buy” consensus rating and an average price target of $221.34 versus a reported share price of $146.03.
• The company’s growth outlook is supported by strong revenue gains, Starlink expansion and launch activity, but investors face risks from heavy AI spending, potential losses, competition and political uncertainty.

Narus Financial Partners LLC bought a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,958 shares of the company's stock, valued at approximately $1,050,000.

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

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analyst support and earnings anticipation: Bernstein reaffirmed a Buy rating and a $248 price target, well above the reported $146.03 level. Investors are also looking for evidence that Starlink and the company’s AI operations can support continued growth. Bernstein sets SpaceX stock price target
• Positive Sentiment: Starlink and launch expansion: SpaceX is seeking approval to increase Starship activity at Boca Chica from 25 launches to as many as 456 annually, while pursuing broader global landing and launch infrastructure. The company is also reportedly buying approximately $8 billion of wireless spectrum, a move that could expand Starlink’s direct-to-device and indoor mobile services. Is Starlink Mobile Expansion Altering the Investment Case for SpaceX?
• Positive Sentiment: Operational momentum: A Falcon 9 rideshare mission carrying 31 customer payloads and a Starfall reentry capsule highlights SpaceX’s active launch business. Elon Musk also said Starship remains ahead of Blue Origin and other competitors, reinforcing the company’s competitive narrative. SpaceX Bandwagon-5 launch coverage
• Neutral Sentiment: Share giveaway: Musk said he intends to give one SpaceX share to each of roughly 72 million U.S. children through Trump Accounts—potentially about $10.5 billion worth of shares. The plan could broaden public interest in SPCX, but its structure and effect on ownership are not yet clear. Elon Musk says he'll give every child in America a share in SpaceX
• Negative Sentiment: Execution and valuation concerns: Investors are focused on whether AI growth can justify roughly $18.4 billion in spending, while commentary notes that the AI business is growing rapidly but losing substantial amounts of money. The upcoming earnings report therefore presents a significant near-term risk if costs, losses, or guidance disappoint. SpaceX earnings preview
• Negative Sentiment: Competitive and political risks: The spectrum purchase could intensify competition with AT&T, Verizon, and T-Mobile, while continuing scrutiny of Starlink’s role in Ukraine and speculation about a SpaceX-Tesla combination add uncertainty around Musk’s broader strategy. SpaceX spectrum deal and telecom stocks

Analyst Ratings Changes

SPCX has been the subject of a number of research analyst reports. Wall Street Zen cut SpaceX from a "hold" rating to a "sell" rating in a report on Saturday, October 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $246.00 price objective on shares of SpaceX in a report on Wednesday, August 5th. TD Cowen restated a "buy" rating and issued a $200.00 price objective on shares of SpaceX in a research report on Friday, October 9th. Bank of America began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a "buy" rating and a $235.00 target price for the company. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SpaceX in a research report on Tuesday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $221.34.

SpaceX Price Performance

Shares of NASDAQ:SPCX opened at $146.03 on Monday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The business's 50 day simple moving average is $148.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market cap of $1.92 trillion and a PE ratio of -1,622.56.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $7.81 billion during the quarter. The company's revenue for the quarter was up 91.9% compared to the same quarter last year. Equities research analysts anticipate that SpaceX will post 0.07 earnings per share for the current year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction 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. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.

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