WealthPLAN Partners LLC Buys New Position in SpaceX $SPCX

WealthPLAN Partners LLC purchased a new stake in SpaceX (NASDAQ:SPCX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,100 shares of the company’s stock, valued at approximately $920,000.

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

SpaceX Price Performance

Shares of SPCX traded down $5.50 during midday trading on Thursday, hitting $146.66. 71,697,460 shares of the company traded hands, compared to its average volume of 100,891,820. The stock’s 50-day moving average is $147.51. SpaceX has a one year low of $104.83 and a one year high of $225.64. The firm has a market cap of $1.93 trillion and a price-to-earnings ratio of -1,629.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. Sell-side analysts forecast that SpaceX will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SPCX shares. Canaccord Genuity Group started coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price on the stock. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating and set a $75.00 price objective for the company in a report on Friday, July 31st. Citigroup lowered shares of SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of SpaceX in a research note on Monday, September 28th. Finally, Piper Sandler reduced their target price on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $220.06.

More SpaceX News

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

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Company Profile

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.