SpaceX $SPCX Shares Newly Acquired by ICG Advisors LLC

Key Points

• ICG Advisors LLC acquired 41,512 SpaceX shares worth approximately $6.26 million, making the company its second-largest holding at 17.3% of the portfolio. Several other institutional investors also increased or initiated positions during the third quarter.
• Analyst sentiment remains broadly positive, with an overall “Moderate Buy” rating and an average price target of $221.34; Oppenheimer recently raised its target to $280.00. Investors are watching Starlink growth, launch activity and upcoming quarterly results.
• SpaceX shares recently traded near $146, while COO Gwynne Shotwell sold 342,170 shares worth about $52.5 million under a pre-arranged trading plan. The company reported $7.81 billion in quarterly revenue, up 91.9% year over year, despite a quarterly loss.

ICG Advisors LLC bought a new position in SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,512 shares of the company's stock, valued at approximately $6,262,000. SpaceX accounts for approximately 17.3% of ICG Advisors LLC's holdings, making the stock its 2nd biggest position.

Other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. raised its holdings in shares of SpaceX by 124.7% during the third quarter. TD Waterhouse Canada Inc. now owns 101,349 shares of the company's stock valued at $15,015,000 after acquiring an additional 56,248 shares during the period. WealthBridge Capital Management LLC purchased a new position in SpaceX during the 3rd quarter worth approximately $227,000. IFC & Insurance Marketing Inc. grew its position in SpaceX by 181.8% during the 3rd quarter. IFC & Insurance Marketing Inc. now owns 4,004 shares of the company's stock worth $604,000 after purchasing an additional 2,583 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in SpaceX during the 3rd quarter valued at $226,000. Finally, KFG Wealth Management LLC raised its stake in SpaceX by 1,008.6% during the 3rd quarter. KFG Wealth Management LLC now owns 23,181 shares of the company's stock valued at $3,497,000 after purchasing an additional 21,090 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SPCX shares. Oppenheimer increased their target price on SpaceX from $250.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. Benchmark initiated coverage on SpaceX in a report on Monday, June 22nd. They set a "buy" rating on the stock. TD Cowen reissued a "buy" rating and set a $200.00 price target on shares of SpaceX in a research report on Friday, October 9th. Canaccord Genuity Group initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued a "buy" rating and a $246.00 price objective for the company. Finally, Bank of America started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $235.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $221.34.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn't order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insiders Place Their Bets

In other SpaceX 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of NASDAQ SPCX traded down $2.59 during mid-day trading on Friday, reaching $146.03. The company had a trading volume of 88,126,147 shares, compared to its average volume of 94,434,504. SpaceX has a twelve month low of $104.83 and a twelve month 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 capitalization of $1.92 trillion and a PE ratio of -1,622.56. The stock has a 50 day simple moving average of $148.44.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced 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 firm's revenue for the quarter was up 91.9% compared to the same quarter last year. On average, sell-side analysts anticipate that SpaceX will post 0.07 EPS for the current 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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