Weaver Consulting Group Acquires New Shares in SpaceX $SPCX

Key Points

• Weaver Consulting Group acquired 21,295 SpaceX shares during the third quarter, valued at approximately $3.21 million. Several other institutional investors also initiated positions.
• Analyst sentiment is broadly positive, with SpaceX carrying a “Moderate Buy” consensus rating and an average price target of $218.76; Susquehanna recently raised its target to $173 while remaining neutral.
• Shares fell 2.7% to $167.31 amid concerns over debt-funded chip purchases, potential share issuance, insider selling and market-rate pressures, despite 91.9% year-over-year revenue growth in the latest quarter.

Weaver Consulting Group acquired a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,295 shares of the company's stock, valued at approximately $3,213,000.

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

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Susquehanna raised its price target for SPCX to $173 from $144 while maintaining a neutral rating, citing growth across SpaceX’s launch, satellite and AI businesses. Susquehanna Raises SpaceX Price Target
• Positive Sentiment: Proposed FAA and Department of Transportation rule changes could streamline launch licensing and increase launch cadence, supporting SpaceX’s core launch business if implemented. FAA Moves to Fast-Track SpaceX Launches
• Positive Sentiment: Recent Starship and Crew Dragon milestones, along with continued Starlink growth, reinforce the company’s operational momentum and provide support for its long-term commercial outlook.
• Neutral Sentiment: SpaceX’s reported AI strategy is attracting bullish comparisons with Nvidia and other trillion-dollar technology companies, but much of the expected value depends on future execution and revenue generation rather than current earnings.
• Negative Sentiment: The proposed debt-funded chip purchase is the dominant near-term concern. Investors may worry about interest costs, capital concentration and potential dilution or refinancing risk if AI-compute demand does not meet expectations. SpaceX and Nvidia Strengthen Ties
• Negative Sentiment: Additional overhangs include rising Treasury yields, a coming release of up to 328.4 million shares on October 9, and ARK Invest’s reported $9.4 million reduction in its SpaceX position.

Analyst Upgrades and Downgrades

SPCX has been the subject of several analyst reports. Mizuho began coverage on SpaceX in a report on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 price objective for the company. Cfra began coverage on SpaceX in a research note on Friday, June 12th. They set a "sell" rating and a $115.00 price objective on the stock. Roth Capital raised shares of SpaceX to a "buy" rating in a research note on Monday, June 22nd. Arete Research set a $450.00 price objective on shares of SpaceX in a research report on Tuesday, August 11th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SpaceX in a research note on Tuesday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $218.76.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company'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 sale, the chief operating officer 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 SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 2.7%

Shares of SpaceX stock traded down $4.61 during trading on Wednesday, reaching $167.31. The company's stock had a trading volume of 39,328,478 shares, compared to its average volume of 102,446,023. 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's 50-day moving average price is $141.88. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a market capitalization of $2.21 trillion and a price-to-earnings ratio of -1,860.57.

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, topping analysts' consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business's revenue for the quarter was up 91.9% compared to the same quarter last year. Equities analysts predict that SpaceX will post 0.09 earnings per share for the current 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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