SpaceX $SPCX Shares Newly Purchased by Lineweaver Wealth Advisors LLC

Key Points

• Lineweaver Wealth Advisors purchased 10,583 SpaceX shares worth approximately $1.6 million in the third quarter, while several other major institutions also established sizable positions.
• COO Gwynne Shotwell sold 342,170 shares for roughly $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 12.16%.
• SpaceX shares fell 4.2% to $156.54; analysts maintain a “Moderate Buy” consensus with an average price target of $220.06, while Starlink and Starship offer growth potential alongside concerns about debt-funded expansion, valuation and regulatory risks.

Lineweaver Wealth Advisors LLC bought a new stake in SpaceX (NASDAQ:SPCX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,583 shares of the company's stock, valued at approximately $1,597,000.

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

Insiders Place Their Bets

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

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX successfully launched a Falcon 9 mission carrying approximately 6,300 pounds of cargo to the International Space Station, reinforcing the company’s operational reliability and commercial launch capabilities. SpaceX successfully launches cargo to the International Space Station
• Positive Sentiment: Analysts continue to point to Starlink growth, the planned Starship program and SpaceX’s wireless ambitions as significant long-term catalysts. Some firms maintain Buy or Overweight ratings, with price targets above the current market level. Morgan Stanley on Starship as a catalyst
• Neutral Sentiment: SpaceX is seeking approval for as many as 456 Starship launches annually, a dramatic increase from its current flight cadence. The proposal highlights substantial future capacity, but execution, regulatory approval and infrastructure requirements remain uncertain. SpaceX seeks approval for 456 annual Starship launches
• Negative Sentiment: The most immediate concern is SpaceX’s proposed $40 billion debt raise to fund Nvidia chips and its AI build-out. Reports indicate that cash consumption could accelerate, while rising costs to insure SpaceX’s debt suggest bond investors are becoming more concerned about leverage and default risk. Bond investors wary of SpaceX borrowing
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena related to AI safety. Although no violation was established in the reports, the public investigation adds regulatory and reputational risk as the company expands its AI operations. SpaceX to testify before NYC Council on AI safety
• Negative Sentiment: Analyst commentary has raised concerns that SpaceX’s wireless push and spectrum acquisition could require significant investment before generating returns. Skepticism over valuation and the ability to compete with established telecom networks is adding pressure to the stock. Wall Street skepticism over SpaceX wireless expansion

Analyst Ratings Changes

Several brokerages recently weighed in on SPCX. Canaccord Genuity Group began coverage on SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $246.00 price objective for the company. KeyCorp restated a "sector weight" rating on shares of SpaceX in a research report on Tuesday, July 28th. Evercore started coverage on SpaceX in a report on Tuesday, July 14th. They issued an "outperform" rating and a $230.00 target price for the company. KGI Securities cut SpaceX from an "outperform" rating to a "hold" rating in a report on Monday, June 22nd. Finally, Seaport Research Partners downgraded SpaceX from a "buy" rating to a "neutral" rating in a research report on Friday, August 7th. Two 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 six have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $220.06.

SpaceX Stock Down 4.2%

SPCX traded down $6.88 during midday trading on Tuesday, hitting $156.54. 68,680,166 shares of the company were exchanged, compared to its average volume of 101,630,234. The firm has a market capitalization of $2.06 trillion and a price-to-earnings ratio of -1,739.33. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The business has a 50 day moving average price of $146.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business's revenue for the quarter was up 91.9% on a year-over-year basis. On average, sell-side analysts predict that SpaceX will post 0.09 earnings per share for the current fiscal year.

About SpaceX

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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