Surience Private Wealth LLC Makes New $2.15 Million Investment in SpaceX $SPCX

Key Points

• Surience Private Wealth LLC purchased 14,244 SpaceX shares worth approximately $2.15 million, making the company 2.2% of its portfolio and its 16th-largest holding.
• SpaceX shares fell 1.7% to $146.03, despite quarterly revenue rising 91.9% year over year to $7.81 billion and earnings outperforming estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $221.34.
• Starlink expansion, potential Tesla ties and an AI data-center collaboration with Nvidia provide growth catalysts, while geopolitical exposure, insider share unlocks and executive selling remain key risks.

Surience Private Wealth LLC purchased a new position in SpaceX (NASDAQ:SPCX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,244 shares of the company's stock, valued at approximately $2,149,000. SpaceX makes up about 2.2% of Surience Private Wealth LLC's portfolio, making the stock its 16th biggest holding.

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

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.

SpaceX Stock Down 1.7%

SPCX traded down $2.59 during trading on Friday, reaching $146.03. The company's stock had a trading volume of 88,126,147 shares, compared to its average volume of 94,434,504. 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 fifty day simple moving average of $148.44. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The company has a market capitalization of $1.92 trillion and a P/E ratio of -1,622.56.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly 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 company had revenue of $7.81 billion during the quarter. The firm's revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, equities analysts forecast that SpaceX will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPCX. Piper Sandler decreased their price target on shares of SpaceX from $156.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Sanford C. Bernstein reiterated a "buy" rating on shares of SpaceX in a research note on Monday, September 28th. Weiss Ratings began coverage on SpaceX in a research note on Tuesday, September 1st. They set a "sell (d)" rating for the company. Benchmark assumed coverage on SpaceX in a report on Monday, June 22nd. They set a "buy" rating for the company. Finally, Bank of America initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $235.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $221.34.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction on Tuesday, September 22nd. The stock was 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 in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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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