Leo Wealth LLC Buys New Shares in SpaceX $SPCX

Leo Wealth LLC bought a new position in SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,261 shares of the company’s stock, valued at approximately $944,000.

A number of other large investors have also made changes to their positions in SPCX. SC US Ttgp LTD. acquired a new position in SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP acquired a new stake in SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX during the 2nd quarter valued at $6,587,531,000. State Street Corp purchased a new stake in shares of SpaceX in the second quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of SpaceX in the second quarter valued at $1,366,880,000.

Analyst Ratings Changes

SPCX has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. KeyCorp reissued a “sector weight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $235.00 price objective on shares of SpaceX in a research report on Monday, September 28th. Cantor Fitzgerald lifted their target price on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $250.00 price target on shares of SpaceX in a 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 assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.97.

Key Stories 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 Trading Down 0.4%

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

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating 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 firm had revenue of $14.57 billion for the quarter. During the same quarter last year, the firm earned ($0.36) EPS. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. On average, sell-side analysts forecast that SpaceX will post 0.13 EPS for the current year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.