SpaceX $SPCX Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC grew its position in SpaceX (NASDAQ:SPCX) by 49,371.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,852 shares of the company’s stock after acquiring an additional 13,824 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in SpaceX were worth $2,090,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPCX. SC US Ttgp LTD. purchased a new stake in shares of SpaceX during the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX in the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC purchased a new position in SpaceX in the 2nd quarter valued at $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in SpaceX during the 3rd quarter worth $4,224,143,000. Finally, Thrive Capital Management LLC acquired a new stake in SpaceX during the 2nd quarter worth $3,231,681,000.

Insider Activity at SpaceX

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 Trading Up 3.6%

Shares of SPCX stock opened at $141.31 on Wednesday. The firm’s 50-day moving average price is $149.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. The firm has a market cap of $1.92 trillion and a PE ratio of 543.50. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The firm had revenue of $14.57 billion during the quarter. During the same period in the prior year, the company posted ($0.36) EPS. The company’s revenue for the quarter was up 161.4% compared to the same quarter last year. As a group, equities research analysts predict that SpaceX will post 0.19 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on SPCX shares. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Piper Sandler reissued a “neutral” rating on shares of SpaceX in a research note on Wednesday, October 21st. Moffett Nathanson boosted their target price on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. Yorkville Ives began coverage on SpaceX in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price target for the company. Finally, Raymond James Financial restated a “strong-buy” rating on shares of SpaceX in a research report on Wednesday, October 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reported a strong third quarter: revenue rose 161% year over year to $14.58 billion and earnings beat estimates. Its AI-related Super Intelligence business grew rapidly, while Starlink added 1.6 million subscribers. The results support the company’s growth story. SpaceX Q3 earnings call highlights
• Positive Sentiment: Reported talks to buy Boost Mobile or access its network have raised hopes SpaceX could pair Starlink coverage with an existing customer base and expand into wireless. A deal could accelerate market entry, though it remains uncertain. SpaceX Starlink’s telecom ground game takes shape
• Neutral Sentiment: SpaceX objected to a proposed OKXICE listing of third-party tokenized shares. The move could restrict a new avenue for trading exposure to SpaceX, but the reports do not indicate a direct change to the company’s business or financial performance. SpaceX blocks tokenized stock listing on OKXICE
• Negative Sentiment: The AI buildout carries substantial cost: reports say SpaceX raised its fourth-quarter capital-spending forecast to $35 billion–$40 billion and is targeting major computing-capacity expansion. Investors may worry that spending and funding needs will outpace returns, particularly given the company’s ambitious revenue goals. SpaceX raises 2026 capex forecast as AI compute demand surges
• Negative Sentiment: The Boost Mobile strategy is not assured: the business relies on network leases from incumbent carriers, which could complicate a transfer or limit SpaceX’s ability to compete. A potential Anthropic IPO may also draw investor money and attention away from SpaceX’s AI ambitions. SpaceX could be biggest loser from successful Anthropic IPO

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.