Wisconsin Wealth Advisors LLC purchased a new position in shares of SpaceX (NASDAQ:SPCX – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,161 shares of the company’s stock, valued at approximately $929,000.
Several other large investors have also made changes to their positions in the company. Sapient Capital LLC bought a new position in SpaceX during the third quarter valued at approximately $3,541,000. Atwood & Palmer Inc. increased its stake in shares of SpaceX by 239.5% during the 3rd quarter. Atwood & Palmer Inc. now owns 567 shares of the company’s stock worth $86,000 after purchasing an additional 400 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of SpaceX during the 3rd quarter valued at $19,385,000. Aletheian Wealth Advisors LLC acquired a new stake in shares of SpaceX in the 3rd quarter valued at $359,000. Finally, Apeiron RIA LLC bought a new stake in SpaceX in the third quarter worth $345,000.
Key Headlines Impacting SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: SpaceX plans to acquire spectrum that would support Starlink Mobile and has announced ambitions to become a major mobile carrier. The move could expand Starlink beyond satellite broadband into direct-to-device wireless services, although the strategy has drawn opposition from parts of the aerospace and telecom industries. SpaceX to acquire spectrum that enables Starlink Mobile services
- Positive Sentiment: American Airlines plans to install Starlink internet on more than 1,000 aircraft, providing another significant commercial customer and supporting recurring connectivity revenue. American Airlines to add Starlink internet
- Positive Sentiment: The FCC approved deployment of 15,000 additional Starlink satellites for mobile and direct-to-device service, while waiving a ground-provider leasing requirement. This improves SpaceX’s ability to scale its satellite network. FCC approval for additional Starlink satellites
- Positive Sentiment: SpaceX successfully completed NASA’s 237-day Crew-12 mission, reinforcing its operational track record. Analysts remain divided but bullish coverage includes Morgan Stanley’s maintained $300 price target and Goldman Sachs’ improved outlook. SpaceX completes NASA mission
- Neutral Sentiment: SpaceX’s AI-compute business is attracting demand from technology companies, including competitors of Grok, and a reported Google AI agreement could be worth as much as $29 billion. However, the size and durability of those future revenues remain uncertain. SpaceX Google AI agreement
- Negative Sentiment: The primary pressure is a reported plan to raise approximately $40 billion—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia chips and expand AI data centers. Investors are concerned about leverage, capital intensity, chip obsolescence and whether AI cash flow will justify the investment. Financing for SpaceX Nvidia GPU purchase
- Negative Sentiment: Up to 328.4 million shares are scheduled to become eligible for sale on October 9. The potential increase in tradable supply is encouraging shareholders to lock in gains and is weighing on sentiment ahead of the unlock. SpaceX share unlock
- Negative Sentiment: Starlink’s launch in India remains delayed amid a public dispute involving Elon Musk and local telecom interests, creating regulatory and market-access uncertainty. Starlink India launch dispute
SpaceX Trading Down 4.2%
SpaceX (NASDAQ:SPCX – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, equities research analysts expect that SpaceX will post 0.09 earnings per share for the current year.
Analyst Ratings Changes
SPCX has been the topic of several recent research reports. Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, August 7th. Erste Group Bank started coverage on SpaceX in a report on Thursday. They set a “hold” rating on the stock. Guggenheim began coverage on SpaceX in a research note on Friday, August 7th. They issued a “buy” rating on the stock. Citigroup cut SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Finally, KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $219.77.
Read Our Latest Stock Analysis on SpaceX
Insider Transactions at SpaceX
In related news, COO Gwynne Shotwell sold 342,170 shares of the business’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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
About SpaceX
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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