SpaceX $SPCX Stock: Activest Wealth Management Grows Position

Key Points

• Activest Wealth Management increased its SpaceX position by 3,239.1% in the third quarter, acquiring 53,121 additional shares and bringing its total holding to 54,761 shares valued at approximately $8.26 million.
• SpaceX reported $7.81 billion in quarterly revenue, up 91.9% year over year, while analysts maintained a generally bullish outlook with a “Moderate Buy” consensus and an average price target of $220.06.
• Investors face notable risks, including COO Gwynne Shotwell’s sale of 342,170 shares, a potential release of up to 1.3 billion additional shares, elevated valuation, and political or reputational concerns related to Starlink operations in Ukraine.

Activest Wealth Management raised its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 3,239.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 54,761 shares of the company's stock after purchasing an additional 53,121 shares during the period. SpaceX accounts for about 2.0% of Activest Wealth Management's investment portfolio, making the stock its 13th biggest holding. Activest Wealth Management's holdings in SpaceX were worth $8,261,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SPCX. Syntax Research Inc. purchased a new stake in SpaceX in the 2nd quarter worth $26,000. Atwood & Palmer Inc. purchased a new position in shares of SpaceX in the second quarter worth $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX in the second quarter worth $30,000. Hickory Point Bank & Trust bought a new position in shares of SpaceX during the third quarter worth $30,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SpaceX during the third quarter worth $30,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Large Google contract supports growth expectations. Google is reportedly renting SpaceX computing capacity for approximately $920 million per month under a 33-month agreement valued at up to $30 billion, although the full amount is not guaranteed. Google contract article
• Positive Sentiment: Starlink’s commercial momentum remains strong. United Airlines has equipped more than 635 aircraft with Starlink, covering nearly half its fleet, while American Airlines plans installations on more than 1,030 aircraft. SpaceX also reportedly added about 570,000 subscribers per month in the second quarter. United Airlines Starlink article
• Positive Sentiment: Institutional results highlight SpaceX’s investment appeal. Harvard’s endowment rose 27.1% in fiscal 2026, helped by its reported $2.2 billion SpaceX holding. Morgan Stanley maintained an Overweight rating and a $300 price target, while some analysts remain substantially more bullish. Harvard endowment article
• Neutral Sentiment: Starship and wireless expansion offer future upside but require execution. Investors are watching the timing of a Florida Starship launch and SpaceX’s ambitions to expand Starlink into mobile wireless. Analysts note that terrestrial infrastructure, spectrum deployment and device compatibility could require billions in additional spending. Wireless expansion article
• Negative Sentiment: Ukraine-related restrictions increased political and reputational risk. Ukrainian officials said Starlink or Starshield speed limits disrupted drone operations. Elon Musk attributed any restrictions to the U.S. government, and reports later indicated service was at least partially restored. The dispute could threaten government relationships and future contracts. Ukraine Starshield article
• Negative Sentiment: Insider share unlocks may increase supply. A further release of as many as 1.3 billion shares is approaching, potentially creating dilution or selling pressure shortly after SpaceX’s recent IPO. SpaceX share unlock article
• Negative Sentiment: Valuation leaves little room for disappointment. Commentators said SpaceX already reflects substantial growth, and its large market capitalization could limit returns even if revenue continues rising. Speculation about a Tesla merger remains unconfirmed and has not provided a dependable near-term catalyst. SpaceX valuation article

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the company'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 of the company's stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

NASDAQ:SPCX opened at $148.62 on Friday. The company has a market cap of $1.96 trillion and a P/E ratio of -1,651.33. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The business has a 50 day moving average price of $148.19. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating 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% compared to the same quarter last year. As a group, analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed a "buy" rating on shares of SpaceX in a research note on Monday, September 28th. Oppenheimer lifted their price target on shares of SpaceX from $250.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. Bank of America began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a "buy" rating and a $235.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a "buy" rating and a $246.00 price objective for the company. Finally, William Blair reissued an "outperform" rating on shares of SpaceX in a report on Friday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $220.06.

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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