29,683 SpaceX $SPCX Shares Bought by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC raised its holdings in shares of SpaceX (NASDAQ:SPCX - Free Report) by 182.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,941 shares of the company's stock after purchasing an additional 29,683 shares during the quarter. WealthPlan Investment Management LLC's holdings in SpaceX were worth $6,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SPCX. Syntax Research Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth about $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX in the 2nd quarter valued at about $29,000. PayPay Securities Corp bought a new position in shares of SpaceX in the 2nd quarter valued at about $30,000. Marquette Asset Management LLC bought a new position in shares of SpaceX in the 2nd quarter valued at about $32,000. Finally, Hickory Point Bank & Trust bought a new stake in shares of SpaceX in the 3rd quarter valued at approximately $30,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google has reportedly agreed to rent SpaceX computing capacity for approximately $920 million per month from October 2026 through June 2029, potentially generating up to $30 billion in revenue. The contract supports SpaceX’s data-center and artificial-intelligence ambitions, although the full value is not guaranteed. Google SpaceX contract
• Positive Sentiment: SpaceX launched new X subscription bundles combining Grok, Cursor and X Premium features, including a $200-per-month tier. The offerings could create additional recurring revenue following the reported $60 billion Cursor acquisition, though monetization remains unproven. SpaceX subscription bundles
• Positive Sentiment: Sources say Ukraine’s access to military-grade Starshield service has been at least partially restored, reducing the risk of a prolonged service interruption. Ukraine Starshield restoration
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before December, potentially focused on artificial intelligence. Neither company has confirmed a deal, and prediction markets reportedly assign low odds to the speculation. Tesla SpaceX merger speculation
• Negative Sentiment: Ukrainian officials accused SpaceX of imposing sudden speed restrictions on military Starlink terminals, disrupting drone operations. Elon Musk said the U.S. government, ultimately President Trump, was responsible. The episode increases political, regulatory and reputational risk around SpaceX’s government business. Starlink Ukraine restrictions
• Negative Sentiment: An upcoming insider share unlock could release as many as 1.3 billion shares, raising concerns about additional supply and potential selling pressure after earlier lockup expirations. SpaceX insider share unlock
• Negative Sentiment: Investors remain concerned that SpaceX’s valuation assumes ambitious growth in Starlink, mobile communications, AI and orbital data centers, while the company may need substantial additional debt and capital spending to execute those plans. SpaceX capital requirements

SpaceX Price Performance

Shares of SPCX traded down $5.73 during mid-day trading on Thursday, reaching $146.43. 68,153,609 shares of the company's stock traded hands, compared to its average volume of 100,824,156. The stock has a market capitalization of $1.93 trillion and a PE ratio of -1,623.18. The firm's 50-day moving average is $147.51. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share 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 quarterly revenue was up 91.9% compared to the same quarter last year. Research analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPCX. Bank of America assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $235.00 target price for the company. DZ Bank began coverage on SpaceX in a report on Friday, August 21st. They set a "sell" rating and a $100.00 price target on the stock. Erste Group Bank initiated coverage on shares of SpaceX in a research report on Thursday, October 8th. They set a "hold" rating on the stock. KeyCorp reissued a "sector weight" rating on shares of SpaceX in a research note on Tuesday, July 28th. Finally, Susquehanna raised their target price on shares of SpaceX from $144.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $220.06.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company'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 of the company's stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX 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.

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