SteelPeak Wealth LLC Acquires 145,762 Shares of SpaceX $SPCX

SteelPeak Wealth LLC raised its holdings in shares of SpaceX (NASDAQ:SPCX) by 3,701.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 149,700 shares of the company’s stock after acquiring an additional 145,762 shares during the period. SteelPeak Wealth LLC’s holdings in SpaceX were worth $22,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc increased its holdings in shares of SpaceX by 61.0% in the third quarter. IFP Advisors Inc now owns 84,890 shares of the company’s stock worth $12,807,000 after buying an additional 32,154 shares during the period. Ariston Services Group lifted its stake in shares of SpaceX by 81.2% in the 3rd quarter. Ariston Services Group now owns 23,696 shares of the company’s stock valued at $3,575,000 after acquiring an additional 10,621 shares during the last quarter. CRA Financial Services LLC boosted its holdings in SpaceX by 52.6% during the 3rd quarter. CRA Financial Services LLC now owns 7,624 shares of the company’s stock valued at $1,150,000 after acquiring an additional 2,629 shares during the period. Finer Wealth Management Inc. boosted its holdings in SpaceX by 22.6% during the 3rd quarter. Finer Wealth Management Inc. now owns 2,927 shares of the company’s stock valued at $442,000 after acquiring an additional 539 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in SpaceX by 201.1% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 22,087 shares of the company’s stock valued at $3,332,000 after acquiring an additional 14,752 shares during the period.

SpaceX Trading Down 1.7%

Shares of NASDAQ:SPCX opened at $146.03 on Friday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $148.44. The company has a market capitalization of $1.92 trillion and a P/E ratio of -1,622.56. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its earnings results 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. The company’s revenue was up 91.9% compared to the same quarter last year. As a group, research analysts forecast that SpaceX will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho initiated coverage on SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price target on the stock. Benchmark assumed coverage on SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating for the company. Evercore reissued an “outperform” rating and set a $275.00 price objective on shares of SpaceX in a research note on Friday. Daiwa Securities Group began coverage on SpaceX in a research note on Thursday, July 2nd. They set a “neutral” rating and a $175.00 price objective for the company. Finally, Sanford C. Bernstein restated a “buy” rating 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 given a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX has an average rating of “Moderate Buy” and a consensus target price of $221.34.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insiders Place Their Bets

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred on Tuesday, September 22nd. The stock was 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 in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a filing 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.

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.