Independent Wealth Network Inc. Buys 8,502 Shares of SpaceX $SPCX

Key Points

• Independent Wealth Network increased its SpaceX stake by 357.1% in the third quarter, purchasing 8,502 additional shares and bringing its total holdings to 10,883 shares valued at approximately $1.64 million.
• Analysts maintain a generally positive outlook, with SpaceX receiving a consensus “Moderate Buy” rating and an average price target of $221.44, despite ratings ranging from “Strong Buy” to “Sell.”
• SpaceX shares recently traded at $148.10, while quarterly revenue rose 91.9% year over year to $7.81 billion and the company beat earnings expectations; however, COO Gwynne Shotwell sold $52.5 million in shares under a pre-arranged trading plan.

Independent Wealth Network Inc. increased its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 357.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,883 shares of the company's stock after purchasing an additional 8,502 shares during the period. Independent Wealth Network Inc.'s holdings in SpaceX were worth $1,642,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Syntax Research Inc. bought a new stake in shares of SpaceX during the second quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new stake in shares of SpaceX in the second quarter worth about $29,000. PayPay Securities Corp bought a new position in shares of SpaceX in the second quarter valued at approximately $30,000. Hickory Point Bank & Trust bought a new position in shares of SpaceX in the third quarter valued at approximately $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SpaceX during the third quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of SpaceX in a report on Tuesday, July 28th. Daiwa Securities Group started coverage on shares of SpaceX in a report on Thursday, July 2nd. They issued a "neutral" rating and a $175.00 price target for the company. DZ Bank assumed coverage on shares of SpaceX in a research report on Friday, August 21st. They set a "sell" rating and a $100.00 price target for the company. Oppenheimer upped their price target on shares of SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Finally, Benchmark initiated coverage on SpaceX in a research report on Monday, June 22nd. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.44.

SpaceX Trading Up 1.4%

Shares of NASDAQ SPCX traded up $2.08 during midday trading on Monday, hitting $148.10. 44,721,192 shares of the company's stock were exchanged, compared to its average volume of 100,428,227. 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 firm has a fifty day moving average price of $148.44. The stock has a market capitalization of $1.95 trillion and a P/E ratio of -1,650.97. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results 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 company 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. Equities analysts expect that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings anticipation is driving demand. Analysts reportedly expect approximately $12.9 billion in quarterly revenue and $0.14 in earnings per share. Options markets imply a potentially significant post-earnings move, while investors will focus on Starlink cash flow, AI growth, launch activity, and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, implying substantial upside from recent trading levels. Other coverage highlights Starlink’s profitability and SpaceX’s potential role in AI infrastructure. Bernstein Sets SpaceX Stock Price Target
• Positive Sentiment: Starlink’s expansion could broaden SpaceX’s growth opportunity. SpaceX is pursuing regulatory approval for significantly more Starship activity and has agreed to acquire an 800 MHz spectrum portfolio for roughly $8 billion, potentially supporting direct-to-device and broader mobile connectivity services. Starlink Mobile Expansion
• Neutral Sentiment: Elon Musk pledged to give one SpaceX share to every U.S. child in 2027. The proposed transfer could involve roughly 70–73 million shares worth more than $10 billion at recent prices. Because the shares would reportedly come from Musk rather than SpaceX issuing new stock, the immediate dilution effect is unclear; implementation and eligibility details remain unavailable. Musk SpaceX Share Giveaway
• Negative Sentiment: Valuation and spending remain key risks. Some analysts warn that contract timing could cause SpaceX to miss the elevated revenue expectations, while planned AI, spectrum, and Starship investments could push 2027 capital expenditures sharply higher and pressure the stock if management emphasizes aggressive spending. SpaceX Q3 Bar and 2027 Spending

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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