Wealth Management Partners LLC Acquires 15,555 Shares of SpaceX $SPCX

Key Points

• Institutional ownership increased: Wealth Management Partners LLC more than doubled its SpaceX position by purchasing 15,555 additional shares, bringing its holdings to 26,962 shares valued at approximately $4.1 million. Several other investment firms also added or initiated positions.
• Strong quarterly performance boosted sentiment: SpaceX reported $14.57 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Analysts maintain a “Moderate Buy” consensus, with an average price target of $243.08, including JPMorgan’s increased $500 target.
• Growth comes with significant risks: SpaceX’s rapidly expanding AI business and upbeat revenue outlook are supporting investor enthusiasm, but heavy capital spending, potential insider share unlocks, governance concerns and COO Gwynne Shotwell’s $52.5 million stock sale remain overhangs.

Wealth Management Partners LLC grew its holdings in SpaceX (NASDAQ:SPCX - Free Report) by 136.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,962 shares of the company's stock after purchasing an additional 15,555 shares during the quarter. SpaceX comprises approximately 0.9% of Wealth Management Partners LLC's portfolio, making the stock its 27th largest holding. Wealth Management Partners LLC's holdings in SpaceX were worth $4,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vest Financial LLC acquired a new position in SpaceX during the third quarter worth $797,000. PFS Partners LLC grew its holdings in SpaceX by 77.9% in the 3rd quarter. PFS Partners LLC now owns 418 shares of the company's stock valued at $63,000 after buying an additional 183 shares in the last quarter. Magnus Financial Group LLC increased its stake in shares of SpaceX by 653.7% in the 3rd quarter. Magnus Financial Group LLC now owns 18,836 shares of the company's stock worth $2,842,000 after acquiring an additional 16,337 shares during the last quarter. Hartford Financial Management Inc. acquired a new stake in shares of SpaceX in the 3rd quarter worth $45,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new stake in shares of SpaceX in the 3rd quarter worth $398,000.

Analyst Ratings Changes

SPCX has been the topic of several recent research reports. Argus raised shares of SpaceX from a "hold" rating to a "buy" rating and set a $160.00 price target on the stock in a research report on Friday, August 7th. Moffett Nathanson raised their price objective on shares of SpaceX from $131.00 to $142.00 and gave the stock a "neutral" rating in a research report on Monday, September 14th. Mizuho set a $205.00 target price on shares of SpaceX in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of SpaceX from $240.00 to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Barclays boosted their target price on shares of SpaceX from $254.00 to $300.00 and gave the company an "overweight" rating in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, SpaceX presently has an average rating of "Moderate Buy" and an average price target of $243.08.

Insiders Place Their Bets

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

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
• Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
• Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
• Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
• Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.

SpaceX Price Performance

NASDAQ SPCX opened at $159.31 on Thursday. The firm has a market cap of $2.10 trillion and a P/E ratio of -1,770.11. 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 50-day moving average price of $149.18. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion for the quarter. During the same quarter in the prior year, the company earned ($0.36) earnings per share. The company's revenue for the quarter was up 161.4% on a year-over-year basis. On average, analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.

SpaceX Profile

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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