SpaceX $SPCX Shares Newly Acquired by Parcion Private Wealth LLC

Parcion Private Wealth LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 218,942 shares of the company’s stock, valued at approximately $33,030,000. SpaceX comprises about 1.8% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other large investors have also made changes to their positions in SPCX. Partners Wealth Management LLC purchased a new position in SpaceX during the third quarter worth approximately $1,519,000. Soltis Investment Advisors LLC grew its holdings in SpaceX by 635.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 44,622 shares of the company’s stock valued at $6,732,000 after buying an additional 38,557 shares in the last quarter. Founders Financial Securities LLC grew its holdings in SpaceX by 84.6% in the 3rd quarter. Founders Financial Securities LLC now owns 7,135 shares of the company’s stock valued at $1,076,000 after buying an additional 3,269 shares in the last quarter. Windmill Hill Asset Management Ltd acquired a new stake in shares of SpaceX in the 3rd quarter worth $1,494,000. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in shares of SpaceX in the 3rd quarter worth $351,000.

SpaceX Price Performance

NASDAQ SPCX opened at $134.72 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The firm has a market capitalization of $1.83 trillion and a PE ratio of 518.15. The firm has a 50-day moving average of $149.56. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating 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%. SpaceX’s revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.36) earnings per share. As a group, analysts anticipate that SpaceX will post 0.13 EPS for the current year.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

Insider Activity at SpaceX

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

Wall Street Analyst Weigh In

SPCX has been the topic of several recent research reports. Oppenheimer boosted their price target on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald raised their price objective on shares of SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Guggenheim initiated coverage on shares of SpaceX in a research report on Friday, August 7th. They set a “buy” rating for the company. Clear Str raised shares of SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Seaport Research Partners lowered shares of SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.97.

SpaceX Company 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.