SpaceX $SPCX Holdings Increased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. increased its position in shares of SpaceX (NASDAQ:SPCX) by 219.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,256 shares of the company’s stock after purchasing an additional 6,359 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in SpaceX were worth $1,396,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SPCX. Syntax Research Inc. purchased a new position in SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. purchased a new stake in shares of SpaceX during the second quarter worth $29,000. PayPay Securities Corp purchased a new stake in shares of SpaceX during the second quarter worth $30,000. Marquette Asset Management LLC acquired a new stake in shares of SpaceX in the second quarter valued at about $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in shares of SpaceX in the third quarter valued at about $30,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported a strong third quarter: revenue rose 161% year over year to $14.58 billion and earnings beat estimates. Its AI-related Super Intelligence business grew rapidly, while Starlink added 1.6 million subscribers. The results support the company’s growth story. SpaceX Q3 earnings call highlights
• Positive Sentiment: Reported talks to buy Boost Mobile or access its network have raised hopes SpaceX could pair Starlink coverage with an existing customer base and expand into wireless. A deal could accelerate market entry, though it remains uncertain. SpaceX Starlink’s telecom ground game takes shape
• Neutral Sentiment: SpaceX objected to a proposed OKXICE listing of third-party tokenized shares. The move could restrict a new avenue for trading exposure to SpaceX, but the reports do not indicate a direct change to the company’s business or financial performance. SpaceX blocks tokenized stock listing on OKXICE
• Negative Sentiment: The AI buildout carries substantial cost: reports say SpaceX raised its fourth-quarter capital-spending forecast to $35 billion–$40 billion and is targeting major computing-capacity expansion. Investors may worry that spending and funding needs will outpace returns, particularly given the company’s ambitious revenue goals. SpaceX raises 2026 capex forecast as AI compute demand surges
• Negative Sentiment: The Boost Mobile strategy is not assured: the business relies on network leases from incumbent carriers, which could complicate a transfer or limit SpaceX’s ability to compete. A potential Anthropic IPO may also draw investor money and attention away from SpaceX’s AI ambitions. SpaceX could be biggest loser from successful Anthropic IPO

SpaceX Price Performance

SpaceX stock opened at $141.31 on Wednesday. The company has a 50 day moving average price of $149.68. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. The stock has a market cap of $1.92 trillion and a PE ratio of 543.50.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The firm’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.36) EPS. Equities analysts expect that SpaceX will post 0.19 earnings per share for the current fiscal year.

Insider Activity at SpaceX

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

Analysts Set New Price Targets

A number of research firms have weighed in on SPCX. Pivotal Research raised their target price on shares of SpaceX from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Yorkville Ives started coverage on SpaceX in a research note on Tuesday, October 6th. They set an “outperform” rating and a $225.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $235.00 target price on shares of SpaceX in a report on Monday, September 28th. Stifel Nicolaus assumed coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 target price for the company. Finally, Mizuho set a $205.00 price target on SpaceX in a report on Wednesday, October 21st. Four equities 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.97.

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.