14,040 Shares of SpaceX $SPCX Purchased by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) during the third quarter, HoldingsChannel.com reports. The firm purchased 14,040 shares of the company’s stock, valued at approximately $2,118,000. SpaceX accounts for 0.9% of Catalyst Private Wealth LLC’s portfolio, making the stock its 25th biggest holding.

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

Insider Activity at SpaceX

In other 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 sale, 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 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.

SpaceX Stock Performance

Shares of NASDAQ SPCX traded down $6.88 during mid-day trading on Tuesday, hitting $156.54. 68,680,166 shares of the stock traded hands, compared to its average volume of 101,630,234. The company has a market capitalization of $2.06 trillion and a P/E ratio of -1,739.33. The stock has a fifty day moving average of $146.01. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. 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) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, sell-side analysts predict that SpaceX will post 0.09 EPS for the current fiscal year.

More SpaceX News

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

A number of brokerages recently commented on SPCX. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price target on shares of SpaceX in a research note on Wednesday, August 26th. Wells Fargo & Company decreased their price objective on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. William Blair restated an “outperform” rating on shares of SpaceX in a report on Friday. Seaport Research Partners cut shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research note 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 given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, SpaceX presently has a consensus 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.