Sanders Morris Harris LLC Purchases 22,448 Shares of SpaceX $SPCX

Sanders Morris Harris LLC purchased a new position in SpaceX (NASDAQ:SPCX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,448 shares of the company’s stock, valued at approximately $3,348,000.

A number of other institutional investors also recently made changes to their positions in SPCX. Adirondack Trust Co. boosted its stake in shares of SpaceX by 72.3% during the third quarter. Adirondack Trust Co. now owns 801 shares of the company’s stock valued at $121,000 after acquiring an additional 336 shares during the last quarter. N10 Wealth LLC raised its stake in SpaceX by 95.6% in the 3rd quarter. N10 Wealth LLC now owns 2,402 shares of the company’s stock valued at $362,000 after purchasing an additional 1,174 shares during the last quarter. Firethorn Wealth Partners LLC raised its stake in SpaceX by 138.9% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 3,588 shares of the company’s stock valued at $541,000 after purchasing an additional 2,086 shares during the last quarter. Generate Investment Management Ltd raised its stake in SpaceX by 999.5% in the 3rd quarter. Generate Investment Management Ltd now owns 100,129 shares of the company’s stock valued at $15,107,000 after purchasing an additional 91,022 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in SpaceX by 356.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,371 shares of the company’s stock valued at $358,000 after purchasing an additional 1,851 shares in the last quarter.

SpaceX Trading Down 2.8%

NASDAQ:SPCX traded down $4.38 on Wednesday, hitting $152.16. 67,294,011 shares of the stock were exchanged, compared to its average volume of 101,230,219. The stock has a market capitalization of $2.01 trillion and a PE ratio of -1,690.67. 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 business has a fifty day moving average of $146.63. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The company’s revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Insider Transactions at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong analyst upside: Morgan Stanley reiterated an Overweight rating with a $300 price target, while Raymond James maintained a Strong Buy rating and an $800 target. The broader analyst consensus also implies meaningful upside from current levels. Morgan Stanley sets SpaceX stock price target
• Positive Sentiment: Starlink continues to scale: SpaceX reportedly added roughly 570,000 subscribers per month in the second quarter, supporting recurring revenue growth from its profitable satellite-internet business. Starlink subscriber growth
• Positive Sentiment: Operational progress: SpaceX successfully launched another NASA resupply mission, while its planned spectrum acquisition could expand Starlink’s direct-to-cell and wireless ambitions. SpaceX NASA resupply mission
• Neutral Sentiment: Long-term growth narrative remains intact: Investors are debating SpaceX’s potential in wireless service, AI infrastructure, orbital data centers and Starship. However, these opportunities require substantial execution and capital before they generate material returns.
• Neutral Sentiment: Starship expansion faces review: The FAA began an environmental assessment of SpaceX’s proposal to conduct as many as 456 Starship launches and landings annually, creating a possible path to greater capacity but also regulatory uncertainty. SpaceX Starship launch expansion
• Negative Sentiment: Ukraine service restrictions increased reputational and political risk: Ukrainian officials said new limits on military Starlink terminals disrupted drone operations. The reports may intensify scrutiny of SpaceX’s role in the conflict and raise concerns about customer reliability and government relationships. Ukraine accuses SpaceX of crippling drone missions
• Negative Sentiment: High funding requirements are weighing on valuation: Reports that SpaceX may seek up to $40 billion in new debt, alongside heavy AI and infrastructure spending, have raised concerns about cash burn, leverage and execution risk. SpaceX seeks new debt
• Negative Sentiment: Regulatory scrutiny persists: SpaceX agreed to testify before the New York City Council in an AI-safety investigation, adding headline and compliance risk. SpaceX AI safety testimony

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Pivotal Research reaffirmed a “buy” rating and set a $230.00 price target on shares of SpaceX in a research note on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $246.00 price target on shares of SpaceX in a report on Wednesday, August 5th. Sanford C. Bernstein reissued a “buy” rating on shares of SpaceX in a research report on Monday, September 28th. Roth Capital raised shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Finally, Canaccord Genuity Group initiated coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and an average price target of $220.06.

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.