7,454 Shares in SpaceX $SPCX Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions purchased 7,454 SpaceX shares in the second quarter, worth approximately $1.27 million. Several other institutional investors also initiated smaller positions.
• SpaceX COO Gwynne Shotwell sold 342,170 shares for about $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her direct stake by 12.16%.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and lost $0.09 per share—better than analyst expectations. Analysts maintain a consensus “Moderate Buy” rating, though valuations, ongoing losses and share unlocks remain significant risks.

Envestnet Portfolio Solutions Inc. purchased a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,454 shares of the company's stock, valued at approximately $1,274,000.

Several other institutional investors have also recently bought and sold shares of the stock. Syntax Research Inc. acquired a new position in shares of SpaceX during the second quarter valued at $26,000. Atwood & Palmer Inc. acquired a new stake in SpaceX in the second quarter worth about $29,000. PayPay Securities Corp acquired a new stake in SpaceX in the second quarter worth about $30,000. Marquette Asset Management LLC bought a new stake in SpaceX during the 2nd quarter worth about $32,000. Finally, Community Bank N.A. acquired a new position in SpaceX during the 2nd quarter valued at about $38,000.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction 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 SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $148.67 on Monday. The firm has a 50 day moving average price of $136.41. 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 company has a market capitalization of $1.96 trillion and a P/E ratio of -1,651.89. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The company's revenue was up 91.9% compared to the same quarter last year. On average, sell-side analysts forecast that SpaceX will post -0.15 earnings per share for the current year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship Flight 14 is approaching a major milestone. SpaceX completed a full launch rehearsal involving cold-fueling Booster 21 and Ship 41. The mission is targeting Starship’s first orbital flight, potentially strengthening confidence in the company’s next-generation reusable launch system. Starship rehearsal article
• Positive Sentiment: Analyst support and AI-compute growth provided a bullish counterweight. Mizuho analyst Brett Linzey said SpaceX could sustain premium compute pricing through 2027 and expects substantial upside. Elon Musk also outlined plans to add hundreds of thousands of Nvidia chips to the Colossus 2 data center, although execution will depend on power, cooling and networking capacity. SpaceX price forecast article
• Positive Sentiment: Google selected SpaceX for Project Suncatcher. An experimental Google AI satellite is scheduled to launch on a SpaceX rideshare mission, highlighting demand for Falcon 9 launch services and supporting SpaceX’s potential role in orbital AI infrastructure. Project Suncatcher article
• Neutral Sentiment: Planet Labs’ Pelican-12 reached Cape Canaveral ahead of SpaceX’s Bandwagon-5 rideshare launch. The payload supports SpaceX’s launch activity, but the immediate financial benefit to SPCX is unclear. Planet Labs Pelican satellite article
• Negative Sentiment: Insider selling and share unlocks remain a major overhang. COO Gwynne Shotwell sold 342,170 shares for approximately $52.5 million under a pre-arranged Rule 10b5-1 plan. Separately, more than 300 million locked-up shares became eligible for trading, raising concerns about additional supply. SEC insider filing
• Negative Sentiment: SpaceX’s roughly $1.9 trillion valuation and continuing losses leave the stock highly sensitive to launch delays, heavy AI spending and execution risk. A reported $10 billion fundraising by Blue Origin also signals that competition in rockets, satellites and government contracts is intensifying. Blue Origin funding article

Analyst Ratings Changes

Several research analysts have recently issued reports on SPCX shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $300.00 target price on shares of SpaceX in a research note on Wednesday, August 26th. Barclays upgraded shares of SpaceX from an "underweight" rating to an "overweight" rating in a report on Monday, June 22nd. DZ Bank started coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a "sell" rating and a $100.00 price objective on the stock. UBS Group reaffirmed a "buy" rating and set a $75.00 target price (down from $210.00) on shares of SpaceX in a report on Monday, August 17th. Finally, Seaport Research Partners downgraded SpaceX from a "buy" rating to a "neutral" rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $218.28.

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, serving commercial, government and scientific customers.

SpaceX's principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.

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