McKinley Carter Wealth Services Inc. Buys New Holdings in SpaceX $SPCX

Key Points

• McKinley Carter Wealth Services bought 18,576 SpaceX shares worth approximately $2.8 million in the third quarter, joining several institutional investors that established large positions during the second quarter.
• SpaceX shares traded at $146.03, with a market capitalization of about $1.92 trillion. The company reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat analysts’ earnings expectations.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and a $221.34 price target, although COO Gwynne Shotwell sold roughly $52.5 million in shares under a pre-arranged trading plan.

McKinley Carter Wealth Services Inc. bought a new position in SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,576 shares of the company's stock, valued at approximately $2,802,000.

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

SpaceX Price Performance

Shares of SPCX traded down $2.59 during midday trading on Friday, reaching $146.03. The stock had a trading volume of 88,126,147 shares, compared to its average volume of 94,434,504. 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 firm has a market cap of $1.92 trillion and a P/E ratio of -1,622.56. The firm has a 50 day moving average of $148.44. 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 earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm's revenue was up 91.9% on a year-over-year basis. On average, equities analysts forecast that SpaceX will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of SpaceX in a report on Tuesday, September 29th. Needham & Company LLC reaffirmed a "buy" rating on shares of SpaceX in a research report on Wednesday, September 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $246.00 price objective on shares of SpaceX in a research note on Wednesday, August 5th. Oppenheimer raised their target price 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, TD Cowen restated a "buy" rating and issued a $200.00 target price on shares of SpaceX in a research note on Friday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $221.34.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn't order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction dated 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 sale, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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