Cordatus Wealth Management LLC Acquires New Stake in SpaceX $SPCX

Key Points

• Cordatus Wealth Management acquired 14,513 SpaceX shares worth approximately $2.19 million in the third quarter, while several other institutional investors also increased or initiated positions.
• COO Gwynne Shotwell sold 342,170 shares for about $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her ownership by 12.16%.
• SpaceX reported stronger-than-expected quarterly results, with $7.81 billion in revenue and a 91.9% year-over-year increase; analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and a $221.44 target price.

Cordatus Wealth Management LLC bought a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,513 shares of the company's stock, valued at approximately $2,189,000.

Other institutional investors also recently bought and sold shares of the company. Retirement Planning Group LLC increased its position in shares of SpaceX by 37.6% during the third quarter. Retirement Planning Group LLC now owns 4,855 shares of the company's stock worth $732,000 after purchasing an additional 1,326 shares in the last quarter. Secure Asset Management LLC acquired a new stake in shares of SpaceX in the 3rd quarter worth $538,000. Blue Zone Wealth Advisors LLC boosted its position in shares of SpaceX by 10,143.9% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 231,820 shares of the company's stock worth $34,972,000 after purchasing an additional 229,557 shares in the last quarter. Maia Wealth LLC purchased a new position in SpaceX during the 3rd quarter worth $2,037,000. Finally, Ridgecrest Wealth Partners LLC grew its stake in SpaceX by 139.5% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 2,838 shares of the company's stock worth $428,000 after buying an additional 1,653 shares during the last quarter.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction 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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance

SpaceX stock opened at $147.96 on Tuesday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $148.63. The stock has a market cap of $1.95 trillion and a P/E ratio of -1,644.00. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The company's revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, analysts predict that SpaceX will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays started coverage on SpaceX in a research note on Friday, October 9th. They issued an "overweight" rating and a $254.00 price target for the company. Argus upgraded SpaceX from a "hold" rating to a "buy" rating and set a $160.00 price target on the stock in a research note on Friday, August 7th. CLSA assumed coverage on shares of SpaceX in a report on Monday, September 28th. They set an "outperform" rating and a $250.00 price objective on the stock. Citigroup lowered shares of SpaceX from a "buy" rating to a "sell" rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus initiated coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $190.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $221.44.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk pledges shares to U.S. children: Musk said he plans to give one of his SpaceX shares to every American child next year—potentially covering roughly 73 million children and representing more than $10 billion at recent prices. The pledge generated significant publicity and may broaden public awareness and future investor interest in SpaceX. Because the shares would reportedly come from Musk personally, the proposal would not necessarily dilute existing SPCX shareholders, although eligibility, timing, custody and tax details remain unclear. Elon Musk says he'll give a SpaceX share to every child in America next year
• Positive Sentiment: Earnings anticipation: SpaceX is scheduled to report third-quarter results after the market close on October 20. Analysts reportedly expect approximately $12.9 billion in revenue and $0.14 in earnings per share, while options markets imply a potentially large post-earnings move. Investors will focus on Starlink cash flow, AI-computing revenue, launch activity and management’s spending plans. SpaceX Q3 earnings preview
• Neutral Sentiment: Growth investments remain in focus: SpaceX is seeking approval to substantially increase Starship launch activity and plans a 32-mile natural-gas pipeline serving its Florida facilities. These projects could support higher launch volume and reduce logistics costs, but they also reinforce concerns about heavy capital spending.
• Neutral Sentiment: Analyst support: Bernstein reiterated a Buy rating and a $248 price target, implying substantial upside from recent levels. However, estimates vary widely because SpaceX’s valuation increasingly depends on Starlink and AI rather than rocket launches alone. Bernstein sets SpaceX stock price target
• Negative Sentiment: Execution and valuation risks: Analysts warn that AI expansion carries substantial costs, while a revenue miss or higher-than-expected 2027 capital expenditures could pressure the stock after earnings. Insider-share lockup releases and uncertainty surrounding the proposed giveaway may also increase supply and volatility. SpaceX earnings will be all about AI

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.

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