SpaceX $SPCX Stock: Robertson Stephens Wealth Management LLC Raises Holdings

Key Points

• Robertson Stephens Wealth Management increased its SpaceX stake by 201.1% in the third quarter, bringing its holdings to 22,087 shares valued at approximately $3.33 million. Several other major institutional investors also established substantial positions.
• SpaceX’s outlook remains broadly positive among analysts, with a consensus “Moderate Buy” rating and an average price target of $221.34, despite some firms issuing neutral or sell recommendations.
• The company reported quarterly revenue of $7.81 billion, up 91.9% year over year, and narrowed its loss to $0.09 per share. Shares opened at $146.03, well below their 52-week high of $225.64, while COO Gwynne Shotwell sold $52.5 million worth of stock under a pre-arranged trading plan.

Robertson Stephens Wealth Management LLC grew its stake in shares of SpaceX (NASDAQ:SPCX - Free Report) by 201.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,087 shares of the company's stock after acquiring an additional 14,752 shares during the period. Robertson Stephens Wealth Management LLC's holdings in SpaceX were worth $3,332,000 at the end of the most recent quarter.

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

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company'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 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 approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

SPCX has been the topic of several recent research reports. Oppenheimer increased their price objective on SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Wolfe Research restated an "outperform" rating and issued a $175.00 price target on shares of SpaceX in a research note on Wednesday, August 26th. Needham & Company LLC reaffirmed a "buy" rating on shares of SpaceX in a research report on Wednesday, September 30th. Citigroup cut shares of SpaceX from a "buy" rating to a "sell" rating in a research note on Friday, August 7th. Finally, Susquehanna boosted their price objective on shares of SpaceX from $144.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, SpaceX has a consensus rating of "Moderate Buy" and a consensus price target of $221.34.

SpaceX Price Performance

SPCX stock opened at $146.03 on Monday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a 50-day moving average of $148.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market capitalization of $1.92 trillion and a P/E ratio of -1,622.56.

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

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.

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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