SpaceX $SPCX Shares Acquired by KFG Wealth Management LLC

KFG Wealth Management LLC lifted its holdings in shares of SpaceX (NASDAQ:SPCX) by 1,008.6% in the third quarter, HoldingsChannel.com reports. The firm owned 23,181 shares of the company’s stock after acquiring an additional 21,090 shares during the quarter. KFG Wealth Management LLC’s holdings in SpaceX were worth $3,497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Viking Fund Management LLC acquired a new stake in shares of SpaceX during the third quarter valued at about $1,358,000. Wedbush Securities Inc. acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $5,094,000. Avior Wealth Management LLC acquired a new position in shares of SpaceX in the 3rd quarter worth approximately $2,934,000. Apella Capital LLC boosted its position in shares of SpaceX by 218.2% during the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after purchasing an additional 5,777 shares during the period. Finally, Hyperion Asset Management Ltd purchased a new position in shares of SpaceX during the 2nd quarter worth approximately $201,137,000.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPCX. Bank of America assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. Barclays assumed coverage on SpaceX in a research report on Friday, October 9th. They set an “overweight” rating and a $254.00 price target for the company. DZ Bank initiated coverage on SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 price objective for the company. Arete Research set a $450.00 price objective on SpaceX in a report on Tuesday, August 11th. Finally, Wells Fargo & Company cut their price objective on SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a report on Tuesday, September 8th. Three research 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. According to data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and an average price target of $221.34.

SpaceX News Summary

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.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’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 completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

Shares of NASDAQ SPCX traded down $2.59 during midday trading on Friday, hitting $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’s fifty day moving average price is $148.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The stock has a market capitalization of $1.92 trillion and a price-to-earnings ratio of -1,622.56.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The firm’s revenue was up 91.9% on a year-over-year basis. Analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.

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.