WealthPLAN Partners LLC Purchases New Stake in SpaceX $SPCX

WealthPLAN Partners LLC acquired a new position in SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel reports. The firm acquired 6,100 shares of the company’s stock, valued at approximately $920,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Syntax Research Inc. bought a new position in shares of SpaceX during the second quarter valued at about $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp bought a new stake in SpaceX in the second quarter valued at approximately $30,000. Marquette Asset Management LLC bought a new stake in SpaceX in the 2nd quarter worth $32,000. Finally, Hickory Point Bank & Trust bought a new stake in SpaceX in the 3rd quarter worth $30,000.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink continues to expand its commercial footprint. United Airlines now offers Starlink Wi-Fi on more than 635 aircraft—nearly half its fleet—serving over 250,000 passengers daily, while American Airlines plans installations on more than 1,030 aircraft. The rollout supports SpaceX’s recurring-revenue growth prospects. SpaceX Expands Footprint With United Airlines
• Positive Sentiment: A reported Google agreement could provide approximately $920 million in monthly revenue for 33 months, or up to $30 billion overall, for computing capacity supplied by SpaceX. The contract would materially strengthen the company’s AI and data-center growth narrative, although the full value is not guaranteed. Google Just Started Paying SpaceX $920 Million a Month
• Positive Sentiment: Investor support remains visible: ETFs reportedly purchased $206 million of SPCX on October 13, and Morgan Stanley maintained an Overweight rating with a $300 price target. A successful NASA resupply launch and continued Starlink subscriber additions also reinforce SpaceX’s operating momentum. SpaceX Sees $206 Million in Net ETF Buying
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger by December, potentially combining AI and other technologies. However, neither company has confirmed negotiations, and prediction markets reportedly assign limited probability to the deal, making it a speculative catalyst rather than a current fundamental driver. Analyst Sees TSLA-SPCX Merger Coming
• Negative Sentiment: Ukraine’s claims that SpaceX restricted or slowed military Starlink/Starshield service—reportedly affecting drone operations—have created reputational, regulatory and contract risks. Elon Musk denied making the decision and attributed responsibility to the U.S. government, but the dispute could make governments and defense customers more cautious. Musk Says Trump Is Responsible for Starshield Curbs
• Negative Sentiment: Near-term supply and valuation concerns are also weighing on SPCX. Up to 1.3 billion additional insider-held shares may become tradable on October 24, while analysts note that SpaceX’s ambitious AI, wireless and space initiatives may require tens of billions of dollars in new debt. Traditional valuation metrics therefore leave little room for execution setbacks. SpaceX Insider Share Unlocks

SpaceX Price Performance

NASDAQ:SPCX traded down $5.50 during mid-day trading on Thursday, hitting $146.66. 71,697,460 shares of the company’s stock were exchanged, compared to its average volume of 100,891,820. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a fifty day moving average price of $147.51. The stock has a market cap of $1.93 trillion and a P/E ratio of -1,629.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The firm’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities analysts forecast that SpaceX will post 0.07 EPS for the current fiscal year.

Insider Activity

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 value of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SPCX shares. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Friday, August 7th. Roth Capital upgraded shares of SpaceX to a “buy” rating in a report on Monday, June 22nd. Arete Research set a $450.00 target price on shares of SpaceX in a research report on Tuesday, August 11th. Barclays started coverage on shares of SpaceX in a research report on Friday, October 9th. They set an “overweight” rating and a $254.00 price target on the stock. Finally, Wolfe Research restated an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Three 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 assigned a Sell rating to the stock. According to MarketBeat, 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.