Sax Wealth Advisors LLC Buys New Stake in SpaceX $SPCX

Key Points

• Sax Wealth Advisors acquired 15,368 SpaceX shares during the third quarter, valued at approximately $2.32 million. Several other investment firms also initiated smaller positions.
• SpaceX shares were recently trading at $156.54, down 4.2%, while the company reported quarterly revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss of $0.09 per share.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $220.06, though risks include heavy investment and borrowing needs, regulatory uncertainty, and COO Gwynne Shotwell’s sale of $52.5 million in shares under a pre-arranged trading plan.

Sax Wealth Advisors LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,368 shares of the company's stock, valued at approximately $2,318,000.

Other hedge funds have also made changes to their positions in the company. Syntax Research Inc. acquired a new position in SpaceX during the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in SpaceX in the 2nd quarter worth about $29,000. PayPay Securities Corp bought a new position in SpaceX in the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC bought a new position in shares of SpaceX in the second quarter worth $32,000. Finally, Hickory Point Bank & Trust bought a new position in SpaceX in the 3rd quarter valued at about $30,000.

SpaceX Stock Down 4.2%

Shares of SpaceX stock opened at $156.54 on Wednesday. The company has a fifty day moving average price of $146.63. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The firm has a market capitalization of $2.06 trillion and a price-to-earnings ratio of -1,739.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

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, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm's revenue was up 91.9% on a year-over-year basis. Analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s proposed acquisition of nationwide low-band spectrum could provide the foundation for Starlink Mobile, expanding the company beyond satellite internet into direct wireless services. Analysts see significant long-term revenue potential, although the strategy requires substantial investment. Space Exploration Technologies Eyes Telecom Reach
• Positive Sentiment: A successful recent Starship orbital milestone and a new Falcon 9 cargo launch highlight SpaceX’s operating progress. The company is seeking approval to eventually conduct as many as 456 Starship launches annually, which could materially increase launch capacity if regulators approve the plan. Why the Starship Launch Is a Big Deal
• Positive Sentiment: Investors remain focused on growth opportunities including Terafab, a planned Texas chip complex intended to supply custom processors for SpaceX’s orbital data centers and AI systems. Several analysts maintain bullish ratings and see substantial upside if Starship, Starlink and AI initiatives scale successfully. What Is SpaceX Building With Its New Texas Chip Complex?
• Neutral Sentiment: The broader space investment market is projected to exceed $100 billion in 2026, partly because SpaceX’s IPO and launch-capacity constraints are attracting capital to competing rocket and satellite businesses. This supports industry demand but does not directly resolve SpaceX’s execution challenges. Space Investment to Top $100 Billion
• Negative Sentiment: SpaceX reportedly plans to raise approximately $40 billion in new debt to fund Nvidia chips and its AI build-out. Reports that borrowing costs and the cost of insuring against default are rising have increased concerns about leverage, cash burn and future dilution or financing requirements. Bond Investors Are Wary of SpaceX’s Borrowing Binge
• Negative Sentiment: The FAA has begun an environmental review of the proposed South Texas expansion. Approval could enable a dramatic increase in Starship activity, but the review introduces regulatory uncertainty and potential delays. FAA Begins Environmental Review
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena in an AI-safety investigation. The proceeding adds headline and reputational risk as the company expands into AI. SpaceX Agrees to Testify About AI Safety
• Negative Sentiment: Some analysts question whether the spectrum purchase and wireless ambitions are being priced too aggressively, particularly given SpaceX’s current losses and the technical limitations of satellite capacity in dense urban markets.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts have commented on SPCX shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $235.00 price target on shares of SpaceX in a research report on Monday, September 28th. Piper Sandler decreased their price objective on shares of SpaceX from $156.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Weiss Ratings assumed coverage on shares of SpaceX in a report on Tuesday, September 1st. They issued a "sell (d)" rating for the company. DZ Bank assumed coverage on shares of SpaceX in a research note on Friday, August 21st. They set a "sell" rating and a $100.00 price objective on the stock. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of SpaceX in a report on Tuesday, September 29th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $220.06.

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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