Avidian Wealth Enterprises LLC Increases Holdings in SpaceX $SPCX

Key Points

• Avidian Wealth Enterprises increased its SpaceX holdings by 587% in the third quarter, reaching 54,170 shares valued at approximately $8.17 million. Several other institutional investors also established sizable positions.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $218.76, although ratings range from Strong Buy to Sell.
• SpaceX’s growth outlook is supported by Starlink expansion and AI-computing opportunities, but investors face risks from proposed debt financing, a potentially large share unlock, Starlink’s stalled India launch, and insider selling.

Avidian Wealth Enterprises LLC increased its position in SpaceX (NASDAQ:SPCX - Free Report) by 587.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,170 shares of the company's stock after purchasing an additional 46,285 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in SpaceX were worth $8,172,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

SPCX has been the topic of several research reports. Benchmark started coverage on shares of SpaceX in a research report on Monday, June 22nd. They issued a "buy" rating on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $246.00 price target on shares of SpaceX in a research note on Wednesday, August 5th. Argus upgraded SpaceX from a "hold" rating to a "buy" rating and set a $160.00 price objective for the company in a report on Friday, August 7th. JPMorgan Chase & Co. reissued a "buy" rating on shares of SpaceX in a research report on Tuesday, August 25th. Finally, Weiss Ratings initiated coverage on SpaceX in a research report on Tuesday, September 1st. They set a "sell (d)" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $218.76.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The FCC approved SpaceX’s plan to deploy 15,000 additional Starlink satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision could accelerate Starlink’s mobile connectivity expansion. SpaceX gets FCC approval for 15,000 Starlink satellites
• Positive Sentiment: Morgan Stanley reaffirmed a Buy rating and a $300 price target, arguing that Starlink and contracted AI-compute capacity could support SpaceX’s growth and help service the planned AI investment. Morgan Stanley maintains SpaceX Buy rating
• Neutral Sentiment: Erste Group initiated coverage with a Hold rating. The firm sees meaningful potential in SpaceX’s AI operations and core rocket business, but the company’s rapid expansion and valuation leave limited room for execution setbacks. Erste Group initiates SpaceX coverage
• Neutral Sentiment: President Donald Trump’s financial disclosure showed a purchase of as much as $5 million in SpaceX debt. While the investment may attract attention, it does not directly change the company’s operating outlook. Trump disclosure includes SpaceX debt purchase
• Negative Sentiment: SpaceX is reportedly seeking approximately $40 billion—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia AI chips and expand computing capacity. Investors are concerned that the debt could increase leverage and credit risk, particularly because the company already has substantial cash reserves. Apollo and banks discuss SpaceX Nvidia financing
• Negative Sentiment: Up to 328.4 million shares may become eligible for trading in the October 9 lock-up expiration, creating a potential increase in supply and additional selling pressure after the stock’s recent rally. SpaceX share unlock outlook
• Negative Sentiment: Starlink’s launch in India remains stalled. Elon Musk accused powerful local telecom interests of blocking the service, while India rejected the discrimination claim, escalating regulatory and political uncertainty around a potentially important market. Starlink India launch dispute

SpaceX Stock Performance

Shares of SPCX stock traded down $5.65 during trading on Thursday, hitting $161.95. The company had a trading volume of 37,757,398 shares, compared to its average volume of 102,078,094. SpaceX has a one year low of $104.83 and a one year high of $225.64. The stock's 50-day simple moving average is $142.98. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.13 trillion and a price-to-earnings ratio of -1,799.48.

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 analysts' consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm's quarterly revenue was up 91.9% on a year-over-year basis. On average, research analysts anticipate that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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 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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