KFG Wealth Management LLC Purchases 21,090 Shares of SpaceX $SPCX

KFG Wealth Management LLC grew its holdings in shares of SpaceX (NASDAQ:SPCX) by 1,008.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,181 shares of the company’s stock after purchasing an additional 21,090 shares during the quarter. KFG Wealth Management LLC’s holdings in SpaceX were worth $3,497,000 at the end of the most recent quarter.

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

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Prediction-market odds of a Tesla-SpaceX combination before March 2027 rose above 50%, reaching roughly 55%-56% after Tesla unveiled a Roadster using SpaceX thruster technology. Analysts including Dan Ives argue the demonstration supports the idea of a shared engineering and artificial-intelligence platform. Prediction market odds on Tesla-SpaceX merger are above 50% for early 2027
• Positive Sentiment: Evercore raised its SpaceX target, citing progress toward major commercial “proof points” and more than $100 billion in potential revenue. Investors are also focused on third-quarter results due October 20, including Starlink growth, launch cadence and investment needs. SpaceX Q3 Earnings Countdown
• Positive Sentiment: SpaceX continues expanding Starlink’s commercial opportunity, including airline deployments at United Airlines and a planned mobile-network push beginning in rural America. Its reported spectrum strategy could broaden the addressable market beyond satellite broadband. SpaceX Expands Footprint With United Airlines
• Neutral Sentiment: SpaceX and Nvidia are reportedly collaborating on AI data centers in space, with initial satellite launches targeted for 2027. The project could create a new growth avenue, but it remains an early-stage initiative. SpaceX and Nvidia Team Up on AI Data Centers in Space
• Negative Sentiment: Reports that Ukraine’s military Starlink/Starshield access was restricted disrupted drone operations and renewed concerns about SpaceX’s geopolitical exposure and customer reliability. Service reportedly resumed, while President Trump denied ordering the restrictions, leaving responsibility unclear. Trump says White House didn’t order Starlink restrictions in Ukraine
• Negative Sentiment: Analysts caution that SpaceX’s spectrum deal still leaves it far smaller than established telecom giants, while upcoming insider share unlocks may add selling pressure. The company also faces scrutiny from a New York City Council AI-safety investigation.

SpaceX Trading Down 1.7%

SpaceX stock traded down $2.59 during midday trading on Friday, hitting $146.03. 88,126,147 shares of the stock were exchanged, compared to its average volume of 94,434,504. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The firm has a market cap of $1.92 trillion and a PE ratio of -1,622.56. The stock’s 50-day moving average price is $148.44. 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 (NASDAQ:SPCX) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS 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 company’s quarterly revenue was up 91.9% compared to the same quarter last year. Equities analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPCX has been the topic of a number of research reports. DZ Bank initiated coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. Wells Fargo & Company dropped their price target on SpaceX from $215.00 to $212.00 and set an “overweight” rating for the company in a research report on Tuesday, September 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SpaceX in a report on Wednesday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research report on Tuesday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and an average target price of $221.34.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 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.