SpaceX $SPCX Shares Purchased by Wealth Management Partners LLC

Wealth Management Partners LLC raised its stake in SpaceX (NASDAQ:SPCX) by 136.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,962 shares of the company’s stock after acquiring an additional 15,555 shares during the period. SpaceX accounts for 0.9% of Wealth Management Partners LLC’s portfolio, making the stock its 27th biggest position. Wealth Management Partners LLC’s holdings in SpaceX were worth $4,067,000 as of its most recent SEC filing.

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

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPCX. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 price target on shares of SpaceX in a report on Monday, September 28th. Arete Research set a $450.00 price objective on shares of SpaceX in a research report on Tuesday, August 11th. Barclays lifted their price objective on SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Canaccord Genuity Group started coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $243.08.

SpaceX Stock Up 7.8%

SpaceX stock opened at $159.31 on Thursday. The stock has a market cap of $2.10 trillion and a price-to-earnings ratio of -1,770.11. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a 50-day simple moving average of $149.18. 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 issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion for the quarter. During the same period in the prior year, the company earned ($0.36) EPS. SpaceX’s revenue was up 161.4% on a year-over-year basis. On average, research analysts expect that SpaceX will post 0.07 EPS for the current fiscal year.

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.