SpaceX $SPCX Position Boosted by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lifted its position in shares of SpaceX (NASDAQ:SPCX) by 132.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,864 shares of the company’s stock after acquiring an additional 3,913 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in SpaceX were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Chiron Capital Management LLC increased its stake in SpaceX by 462.1% in the third quarter. Chiron Capital Management LLC now owns 7,639 shares of the company’s stock valued at $1,152,000 after acquiring an additional 6,280 shares during the last quarter. Formuepleje A S bought a new stake in SpaceX during the third quarter worth $448,000. WealthPlan Investment Management LLC lifted its stake in SpaceX by 182.6% during the third quarter. WealthPlan Investment Management LLC now owns 45,941 shares of the company’s stock worth $6,931,000 after purchasing an additional 29,683 shares during the last quarter. Purus Wealth Management LLC bought a new stake in SpaceX during the third quarter worth $460,000. Finally, Mainsail Asset Management LLC acquired a new stake in shares of SpaceX in the 3rd quarter valued at $4,544,000.

Trending Headlines about 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

Shares of NASDAQ SPCX traded down $5.19 during mid-day trading on Thursday, hitting $146.97. 70,671,416 shares of the stock traded hands, compared to its average volume of 100,875,344. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The firm has a market capitalization of $1.94 trillion and a P/E ratio of -1,630.46. The firm’s 50 day simple moving average is $147.51.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm 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. On average, equities research analysts anticipate that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at SpaceX

In other 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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

SPCX has been the topic of several recent analyst reports. Evercore initiated coverage on SpaceX in a research note on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 price target on the stock. Oppenheimer upped their price objective on SpaceX from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Raymond James Financial restated a “strong-buy” rating on shares of SpaceX in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating on shares of SpaceX in a research note on Wednesday, September 30th. Finally, KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.06.

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.