SpaceX $SPCX Shares Purchased by Independent Wealth Network Inc.

Independent Wealth Network Inc. lifted its position in SpaceX (NASDAQ:SPCX) by 357.1% in the third quarter, Holdings Channel.com reports. The firm owned 10,883 shares of the company’s stock after purchasing an additional 8,502 shares during the quarter. Independent Wealth Network Inc.’s holdings in SpaceX were worth $1,642,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Syntax Research Inc. purchased a new position in shares of SpaceX during the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX in the second quarter worth approximately $29,000. PayPay Securities Corp purchased a new stake in SpaceX in the second quarter worth approximately $30,000. Marquette Asset Management LLC bought a new position in SpaceX during the second quarter valued at approximately $32,000. Finally, Hickory Point Bank & Trust bought a new position in SpaceX during the third quarter valued at approximately $30,000.

SpaceX Price Performance

NASDAQ:SPCX traded up $2.08 during mid-day trading on Monday, reaching $148.10. 44,721,192 shares of the company’s stock traded hands, compared to its average volume of 100,428,227. The firm’s 50 day moving average is $148.44. The firm has a market cap of $1.95 trillion and a price-to-earnings ratio of -1,650.97. 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 12-month low of $104.83 and a 12-month high of $225.64.

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

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings anticipation is driving demand. Analysts reportedly expect approximately $12.9 billion in quarterly revenue and $0.14 in earnings per share. Options markets imply a potentially significant post-earnings move, while investors will focus on Starlink cash flow, AI growth, launch activity, and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, implying substantial upside from recent trading levels. Other coverage highlights Starlink’s profitability and SpaceX’s potential role in AI infrastructure. Bernstein Sets SpaceX Stock Price Target
• Positive Sentiment: Starlink’s expansion could broaden SpaceX’s growth opportunity. SpaceX is pursuing regulatory approval for significantly more Starship activity and has agreed to acquire an 800 MHz spectrum portfolio for roughly $8 billion, potentially supporting direct-to-device and broader mobile connectivity services. Starlink Mobile Expansion
• Neutral Sentiment: Elon Musk pledged to give one SpaceX share to every U.S. child in 2027. The proposed transfer could involve roughly 70–73 million shares worth more than $10 billion at recent prices. Because the shares would reportedly come from Musk rather than SpaceX issuing new stock, the immediate dilution effect is unclear; implementation and eligibility details remain unavailable. Musk SpaceX Share Giveaway
• Negative Sentiment: Valuation and spending remain key risks. Some analysts warn that contract timing could cause SpaceX to miss the elevated revenue expectations, while planned AI, spectrum, and Starship investments could push 2027 capital expenditures sharply higher and pressure the stock if management emphasizes aggressive spending. SpaceX Q3 Bar and 2027 Spending

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Susquehanna boosted their price objective on shares of SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday, October 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of SpaceX in a research report on Tuesday, September 29th. Erste Group Bank started coverage on shares of SpaceX in a research note on Thursday, October 8th. They issued a “hold” rating for the company. Phillip Securities raised SpaceX to a “strong sell” rating and set a $75.00 target price for the company in a research note on Friday, July 31st. Finally, Benchmark assumed coverage on SpaceX in a research note on Monday, June 22nd. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and a consensus price target of $221.44.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’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 transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

About SpaceX

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.