SpaceX $SPCX Shares Purchased by Krilogy Financial LLC

Key Points

• Krilogy Financial increased its SpaceX position by 12,994.6% in the third quarter, acquiring 794,882 additional shares for a total holding valued at approximately $130.9 million.
• COO Gwynne Shotwell sold 342,170 shares for about $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her position by 12.16%.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $220.06; SpaceX also reported quarterly revenue of $7.81 billion, up 91.9% year over year.

Krilogy Financial LLC boosted its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 12,994.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800,999 shares of the company's stock after purchasing an additional 794,882 shares during the quarter. SpaceX makes up about 3.5% of Krilogy Financial LLC's investment portfolio, making the stock its 2nd largest holding. Krilogy Financial LLC's holdings in SpaceX were worth $130,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Syntax Research Inc. bought a new position in shares of SpaceX during the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in SpaceX in the 2nd quarter worth approximately $29,000. PayPay Securities Corp bought a new position in shares of SpaceX in the second quarter worth $30,000. Hickory Point Bank & Trust acquired a new stake in SpaceX in the third quarter worth about $30,000. Finally, Marquette Asset Management LLC bought a new stake in shares of SpaceX during the 2nd quarter worth about $32,000.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The stock was 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 $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

SPCX has been the subject of a number of research analyst reports. Sanford C. Bernstein reissued a "buy" rating on shares of SpaceX in a report on Monday, September 28th. Benchmark started coverage on SpaceX in a report on Monday, June 22nd. They set a "buy" rating on the stock. KGI Securities lowered shares of SpaceX from an "outperform" rating to a "hold" rating in a report on Monday, June 22nd. Wells Fargo & Company dropped their price target on SpaceX from $215.00 to $212.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 8th. Finally, Evercore initiated coverage on shares of SpaceX in a research report on Tuesday, July 14th. They issued an "outperform" rating and a $230.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $220.06.

SpaceX Price Performance

Shares of SPCX opened at $156.54 on Wednesday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.06 trillion and a P/E ratio of -1,739.33. The stock has a fifty day moving average price of $146.63.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The firm's revenue was up 91.9% compared to the same quarter last year. Analysts anticipate that SpaceX will post 0.07 earnings per share for the current year.

Key SpaceX News

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.

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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