SpaceX $SPCX Stock Acquired by Onyx Bridge Wealth Group LLC

Key Points

• Onyx Bridge Wealth Group LLC increased its SpaceX stake by 241.8% in the third quarter, acquiring 7,393 additional shares for a total of 10,450 shares valued at approximately $1.58 million.
• 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 quarterly revenue of $7.81 billion, up 91.9% year over year, and a loss of $0.09 per share that beat analyst expectations; analysts maintain a “Moderate Buy” consensus with a $221.34 price target.

Onyx Bridge Wealth Group LLC boosted its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 241.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,450 shares of the company's stock after acquiring an additional 7,393 shares during the quarter. Onyx Bridge Wealth Group LLC's holdings in SpaceX were worth $1,576,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Syntax Research Inc. bought a new position in shares of SpaceX in the second quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new position in SpaceX during the second quarter valued at $29,000. PayPay Securities Corp bought a new position in shares of SpaceX in the 2nd quarter valued at about $30,000. Marquette Asset Management LLC bought a new stake in SpaceX during the second quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust purchased a new position in shares of SpaceX in the 3rd quarter worth approximately $30,000.

Insider Buying and Selling

In related 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 value of $52,547,046.90. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $146.03 on Friday. 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 stock has a market cap of $1.92 trillion and a P/E ratio of -1,622.56. The business's 50-day moving average is $148.44. SpaceX has a 1-year low of $104.83 and a 1-year 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 (EPS) 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 firm's revenue was up 91.9% compared to the same quarter last year. Equities research analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

Key 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.

Analyst Ratings Changes

SPCX has been the topic of a number of recent analyst reports. Guggenheim assumed coverage on SpaceX in a research note on Friday, August 7th. They issued a "buy" rating on the stock. Benchmark assumed coverage on shares of SpaceX in a research report on Monday, June 22nd. They set a "buy" rating for the company. Wells Fargo & Company dropped their target price on SpaceX from $215.00 to $212.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 8th. Arete Research set a $450.00 target price on SpaceX in a research report on Tuesday, August 11th. Finally, Moffett Nathanson increased their price objective on shares of SpaceX from $131.00 to $142.00 and gave the stock a "neutral" rating in a research note on Monday, September 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $221.34.

About SpaceX

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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