SpaceX $SPCX Stock Acquired by Chiron Capital Management LLC

Chiron Capital Management LLC lifted its holdings in shares of SpaceX (NASDAQ:SPCX) by 462.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,639 shares of the company’s stock after buying an additional 6,280 shares during the period. SpaceX makes up approximately 1.0% of Chiron Capital Management LLC’s holdings, making the stock its 24th largest position. Chiron Capital Management LLC’s holdings in SpaceX were worth $1,152,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 3.6%

Shares of SpaceX stock traded down $5.42 during trading on Thursday, reaching $146.75. The company’s stock had a trading volume of 68,511,102 shares, compared to its average volume of 100,850,156. The business’s 50 day simple moving average is $147.51. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The firm has a market capitalization of $1.93 trillion and a P/E ratio of -1,625.92. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last released 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 business had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. Research analysts predict that SpaceX will post 0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on SPCX. Oppenheimer upped their price objective on shares of SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Citigroup downgraded shares of SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Moffett Nathanson lifted their target price on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Raymond James Financial reiterated a “strong-buy” rating on shares of SpaceX in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 price target on shares of SpaceX in a report on Monday, September 28th. Three 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 five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google has reportedly agreed to rent SpaceX computing capacity for approximately $920 million per month from October 2026 through June 2029, potentially generating up to $30 billion in revenue. The contract supports SpaceX’s data-center and artificial-intelligence ambitions, although the full value is not guaranteed. Google SpaceX contract
• Positive Sentiment: SpaceX launched new X subscription bundles combining Grok, Cursor and X Premium features, including a $200-per-month tier. The offerings could create additional recurring revenue following the reported $60 billion Cursor acquisition, though monetization remains unproven. SpaceX subscription bundles
• Positive Sentiment: Sources say Ukraine’s access to military-grade Starshield service has been at least partially restored, reducing the risk of a prolonged service interruption. Ukraine Starshield restoration
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before December, potentially focused on artificial intelligence. Neither company has confirmed a deal, and prediction markets reportedly assign low odds to the speculation. Tesla SpaceX merger speculation
• Negative Sentiment: Ukrainian officials accused SpaceX of imposing sudden speed restrictions on military Starlink terminals, disrupting drone operations. Elon Musk said the U.S. government, ultimately President Trump, was responsible. The episode increases political, regulatory and reputational risk around SpaceX’s government business. Starlink Ukraine restrictions
• Negative Sentiment: An upcoming insider share unlock could release as many as 1.3 billion shares, raising concerns about additional supply and potential selling pressure after earlier lockup expirations. SpaceX insider share unlock
• Negative Sentiment: Investors remain concerned that SpaceX’s valuation assumes ambitious growth in Starlink, mobile communications, AI and orbital data centers, while the company may need substantial additional debt and capital spending to execute those plans. SpaceX capital requirements

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.