Summit Financial Wealth Advisors LLC Acquires 3,913 Shares of SpaceX $SPCX

Summit Financial Wealth Advisors LLC lifted its holdings in shares of SpaceX (NASDAQ:SPCX) by 132.6% during the third quarter, Holdings Channel.com reports. The firm owned 6,864 shares of the company’s stock after acquiring an additional 3,913 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in SpaceX were worth $1,036,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of SpaceX in a research report on Tuesday, August 25th. DZ Bank began coverage on SpaceX in a report on Friday, August 21st. They issued a “sell” rating and a $100.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research report on Monday, September 28th. Phillip Securities raised shares of SpaceX to a “strong sell” rating and set a $75.00 target price for the company in a research report on Friday, July 31st. Finally, Oppenheimer raised their price target on shares of SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $220.06.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was 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 $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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: Starlink continues to expand its commercial footprint. United Airlines now offers Starlink Wi-Fi on more than 635 aircraft—nearly half its fleet—serving over 250,000 passengers daily, while American Airlines plans installations on more than 1,030 aircraft. The rollout supports SpaceX’s recurring-revenue growth prospects. SpaceX Expands Footprint With United Airlines
• Positive Sentiment: A reported Google agreement could provide approximately $920 million in monthly revenue for 33 months, or up to $30 billion overall, for computing capacity supplied by SpaceX. The contract would materially strengthen the company’s AI and data-center growth narrative, although the full value is not guaranteed. Google Just Started Paying SpaceX $920 Million a Month
• Positive Sentiment: Investor support remains visible: ETFs reportedly purchased $206 million of SPCX on October 13, and Morgan Stanley maintained an Overweight rating with a $300 price target. A successful NASA resupply launch and continued Starlink subscriber additions also reinforce SpaceX’s operating momentum. SpaceX Sees $206 Million in Net ETF Buying
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger by December, potentially combining AI and other technologies. However, neither company has confirmed negotiations, and prediction markets reportedly assign limited probability to the deal, making it a speculative catalyst rather than a current fundamental driver. Analyst Sees TSLA-SPCX Merger Coming
• Negative Sentiment: Ukraine’s claims that SpaceX restricted or slowed military Starlink/Starshield service—reportedly affecting drone operations—have created reputational, regulatory and contract risks. Elon Musk denied making the decision and attributed responsibility to the U.S. government, but the dispute could make governments and defense customers more cautious. Musk Says Trump Is Responsible for Starshield Curbs
• Negative Sentiment: Near-term supply and valuation concerns are also weighing on SPCX. Up to 1.3 billion additional insider-held shares may become tradable on October 24, while analysts note that SpaceX’s ambitious AI, wireless and space initiatives may require tens of billions of dollars in new debt. Traditional valuation metrics therefore leave little room for execution setbacks. SpaceX Insider Share Unlocks

SpaceX Stock Down 3.4%

SpaceX stock traded down $5.19 during trading hours on Thursday, reaching $146.97. 70,671,416 shares of the company’s stock were exchanged, compared to its average volume of 100,875,344. The stock’s 50 day moving average price is $147.51. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a market cap of $1.94 trillion and a price-to-earnings ratio of -1,630.46.

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

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.