Riversedge Advisors LLC Makes New Investment in SpaceX $SPCX

Riversedge Advisors LLC bought a new stake in SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,712 shares of the company’s stock, valued at approximately $1,767,000.

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

SpaceX Trading Up 0.8%

SPCX stock traded up $1.35 during mid-day trading on Friday, hitting $161.92. 62,665,744 shares of the company were exchanged, compared to its average volume of 102,061,672. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The firm has a market cap of $2.13 trillion and a PE ratio of -1,793.62. The business has a 50 day simple moving average of $143.95. 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 results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s revenue was up 91.9% compared to the same quarter last year. Equities research analysts expect that SpaceX will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SPCX shares. Sanford C. Bernstein reiterated a “buy” rating on shares of SpaceX in a research note on Monday, September 28th. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Erste Group Bank began coverage on shares of SpaceX in a research report on Thursday. They set a “hold” rating on the stock. TD Cowen reissued a “buy” rating and issued a $200.00 price objective on shares of SpaceX in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Two 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $219.77.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’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 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. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nationwide spectrum acquisition strengthens Starlink Mobile. SpaceX agreed to acquire Grain Management’s nationwide portfolio of low-band 800 MHz spectrum, reportedly covering up to 14 MHz of paired licenses and nearly the entire U.S. population. The lower-frequency spectrum could improve indoor and rural coverage while complementing Starlink’s direct-to-device satellite network, bringing SpaceX closer to becoming a major mobile carrier. Verizon stock heads for worst day since 2002 as SpaceX U.S. network plans whack telcos
• Positive Sentiment: Regulatory progress supports the wireless strategy. The FCC approved SpaceX’s next-generation Starlink constellation of up to 15,000 satellites for mobile and direct-to-device services, without requiring ground-provider leases. The approvals increase the potential scale of Starlink Mobile and contributed to investor optimism. Elon Musk’s SpaceX Gets Green Light from Trump’s FCC for 15,000 Starlink Satellites
• Positive Sentiment: Analyst support and AI ambitions added momentum. Barclays initiated coverage with a Buy rating and a $254 price target, while TD Cowen reaffirmed its Buy rating with a $200 target. Investors are also weighing SpaceX’s reported plans to raise as much as $40 billion to purchase Nvidia chips and expand AI-computing capacity, potentially creating another significant growth engine. Two Reasons SpaceX Stock Is Jumping Higher Today
• Neutral Sentiment: Competition is reshaping the communications sector. Verizon, AT&T and T-Mobile sold off sharply on fears that SpaceX could pressure traditional wireless operators, while cell-tower owners may benefit if SpaceX becomes a major network tenant. The deal remains subject to final FCC approval. US, European telecom stocks slide as SpaceX spectrum deal rattles sector
• Negative Sentiment: Financing and share-supply risks remain overhangs. Investors continue to question the leverage required for the AI buildout, while approximately $51 billion of insider shares became eligible for sale. ARK Invest also sold roughly $4.7 million of SpaceX shares, potentially limiting near-term gains. SpaceX’s Fleecing of Retail Investors Continues

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.