SpaceX $SPCX Stock Bought by BigSur Wealth Management LLC

Key Points

• BigSur Wealth Management increased its SpaceX position by 1,538.1% in the third quarter, ending with 34,400 shares valued at approximately $5.19 million. Several other institutional investors also initiated or expanded positions.
• SpaceX is pursuing major growth initiatives, including Starlink Mobile, expanded Starship launch capacity and the Terafab chip complex, while analysts maintain a consensus “Moderate Buy” rating with a $220.06 price target.
• Risks include substantial planned borrowing, regulatory uncertainty surrounding the FAA’s environmental review, and concerns about valuation, cash burn and the technical limits of satellite wireless service in dense urban areas.

BigSur Wealth Management LLC increased its position in shares of SpaceX (NASDAQ:SPCX - Free Report) by 1,538.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,400 shares of the company's stock after buying an additional 32,300 shares during the quarter. SpaceX accounts for about 1.3% of BigSur Wealth Management LLC's portfolio, making the stock its 17th biggest holding. BigSur Wealth Management LLC's holdings in SpaceX were worth $5,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Foster Group Inc. bought a new position in shares of SpaceX during the 3rd quarter worth approximately $529,000. Krilogy Financial LLC raised its holdings in shares of SpaceX by 12,994.6% in the third quarter. Krilogy Financial LLC now owns 800,999 shares of the company's stock valued at $130,899,000 after purchasing an additional 794,882 shares during the last quarter. Edge Wealth Management LLC bought a new stake in shares of SpaceX in the third quarter worth $202,000. Maltin Wealth Management Inc. bought a new stake in shares of SpaceX in the third quarter worth $228,000. Finally, Clay Northam Wealth Management LLC acquired a new position in SpaceX during the third quarter worth $300,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s proposed acquisition of nationwide low-band spectrum could provide the foundation for Starlink Mobile, expanding the company beyond satellite internet into direct wireless services. Analysts see significant long-term revenue potential, although the strategy requires substantial investment. Space Exploration Technologies Eyes Telecom Reach
• Positive Sentiment: A successful recent Starship orbital milestone and a new Falcon 9 cargo launch highlight SpaceX’s operating progress. The company is seeking approval to eventually conduct as many as 456 Starship launches annually, which could materially increase launch capacity if regulators approve the plan. Why the Starship Launch Is a Big Deal
• Positive Sentiment: Investors remain focused on growth opportunities including Terafab, a planned Texas chip complex intended to supply custom processors for SpaceX’s orbital data centers and AI systems. Several analysts maintain bullish ratings and see substantial upside if Starship, Starlink and AI initiatives scale successfully. What Is SpaceX Building With Its New Texas Chip Complex?
• Neutral Sentiment: The broader space investment market is projected to exceed $100 billion in 2026, partly because SpaceX’s IPO and launch-capacity constraints are attracting capital to competing rocket and satellite businesses. This supports industry demand but does not directly resolve SpaceX’s execution challenges. Space Investment to Top $100 Billion
• Negative Sentiment: SpaceX reportedly plans to raise approximately $40 billion in new debt to fund Nvidia chips and its AI build-out. Reports that borrowing costs and the cost of insuring against default are rising have increased concerns about leverage, cash burn and future dilution or financing requirements. Bond Investors Are Wary of SpaceX’s Borrowing Binge
• Negative Sentiment: The FAA has begun an environmental review of the proposed South Texas expansion. Approval could enable a dramatic increase in Starship activity, but the review introduces regulatory uncertainty and potential delays. FAA Begins Environmental Review
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena in an AI-safety investigation. The proceeding adds headline and reputational risk as the company expands into AI. SpaceX Agrees to Testify About AI Safety
• Negative Sentiment: Some analysts question whether the spectrum purchase and wireless ambitions are being priced too aggressively, particularly given SpaceX’s current losses and the technical limitations of satellite capacity in dense urban markets.

Wall Street Analyst Weigh In

SPCX has been the subject of several analyst reports. KeyCorp restated a "sector weight" rating on shares of SpaceX in a report on Tuesday, July 28th. Royal Bank Of Canada reiterated an "outperform" rating on shares of SpaceX in a report on Monday, September 28th. Pivotal Research reissued a "buy" rating and set a $230.00 price target on shares of SpaceX in a research report on Monday. UBS Group restated a "buy" rating on shares of SpaceX in a research note on Tuesday, September 29th. Finally, Needham & Company LLC reissued a "buy" rating on shares of SpaceX in a research note on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.06.

SpaceX Stock Down 4.2%

NASDAQ SPCX opened at $156.54 on Wednesday. The firm has a 50-day simple moving average of $146.63. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a market cap of $2.06 trillion and a P/E ratio of -1,739.33. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company's revenue was up 91.9% compared to the same quarter last year. Equities analysts expect that SpaceX will post 0.07 EPS for the current year.

Insiders Place Their Bets

In related 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 transaction of $52,547,046.90. Following the completion of 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 SEC, which is available through the SEC website. 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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