Leo Wealth LLC Purchases 6,261 Shares of SpaceX $SPCX

Leo Wealth LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,261 shares of the company’s stock, valued at approximately $944,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. James T. Borello RIA increased its position in SpaceX by 41.4% during the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after buying an additional 72 shares during the last quarter. Downshift Financial LLC lifted its position in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after buying an additional 113 shares during the last quarter. Barrett & Company Inc. lifted its position in shares of SpaceX by 62.5% in the third quarter. Barrett & Company Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 125 shares during the last quarter. Dedeker Financial LLC lifted its position in shares of SpaceX by 8.0% in the third quarter. Dedeker Financial LLC now owns 1,697 shares of the company’s stock worth $256,000 after buying an additional 125 shares during the last quarter. Finally, Trifecta Capital Advisors LLC boosted its stake in shares of SpaceX by 112.5% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock worth $36,000 after acquiring an additional 126 shares in the last quarter.

Insiders Place Their Bets

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 stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

A number of research analysts have recently commented on SPCX shares. Citigroup increased their price objective on SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Wells Fargo & Company boosted their target price on SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Canaccord Genuity Group started coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price for the company. Guggenheim assumed coverage on SpaceX in a report on Friday, August 7th. They set a “buy” rating on the stock. Finally, Piper Sandler reissued a “neutral” rating on shares of SpaceX in a research report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and a consensus price target of $244.97.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

SpaceX Price Performance

SPCX stock opened at $146.90 on Tuesday. The company has a market capitalization of $1.94 trillion and a PE ratio of -1,632.22. The company’s 50-day moving average price is $149.24. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. The company’s revenue for the quarter was up 161.4% on a year-over-year basis. Equities analysts expect that SpaceX will post 0.13 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.