Parcion Private Wealth LLC Makes New $33.03 Million Investment in SpaceX $SPCX

Parcion Private Wealth LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 218,942 shares of the company’s stock, valued at approximately $33,030,000. SpaceX accounts for about 1.8% of Parcion Private Wealth LLC’s portfolio, making the stock its 15th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Partners Wealth Management LLC acquired a new stake in shares of SpaceX in the third quarter worth $1,519,000. Soltis Investment Advisors LLC raised its holdings in shares of SpaceX by 635.7% during the third quarter. Soltis Investment Advisors LLC now owns 44,622 shares of the company’s stock worth $6,732,000 after purchasing an additional 38,557 shares during the last quarter. Founders Financial Securities LLC lifted its position in SpaceX by 84.6% during the third quarter. Founders Financial Securities LLC now owns 7,135 shares of the company’s stock valued at $1,076,000 after purchasing an additional 3,269 shares during the period. Windmill Hill Asset Management Ltd purchased a new stake in SpaceX in the third quarter valued at $1,494,000. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in SpaceX in the third quarter valued at $351,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

SpaceX Price Performance

Shares of SpaceX stock opened at $134.72 on Friday. The firm has a market capitalization of $1.83 trillion and a PE ratio of 518.15. The firm’s 50 day moving average price is $149.56. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm had revenue of $14.57 billion for the quarter. During the same period in the prior year, the firm earned ($0.36) earnings per share. The business’s revenue was up 161.4% on a year-over-year basis. As a group, research analysts anticipate that SpaceX will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPCX. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research report on Wednesday, October 21st. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 price objective on shares of SpaceX in a research note on Monday, September 28th. Wall Street Zen raised shares of SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Finally, TD Cowen boosted their target price on shares of SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.97.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer 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 document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX 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.