WealthPlan Investment Management LLC Buys 29,683 Shares of SpaceX $SPCX

WealthPlan Investment Management LLC raised its stake in SpaceX (NASDAQ:SPCX) by 182.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 45,941 shares of the company’s stock after buying an additional 29,683 shares during the period. WealthPlan Investment Management LLC’s holdings in SpaceX were worth $6,931,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SPCX. Purus Wealth Management LLC purchased a new stake in shares of SpaceX in the third quarter valued at approximately $460,000. Mainsail Asset Management LLC purchased a new position in SpaceX during the 3rd quarter worth $4,544,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in SpaceX by 279.3% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 8,895 shares of the company’s stock worth $1,342,000 after purchasing an additional 6,550 shares during the period. Viking Fund Management LLC bought a new stake in SpaceX during the 3rd quarter valued at $1,358,000. Finally, Kellett Wealth Advisors LLC bought a new stake in SpaceX during the 3rd quarter valued at $200,000.

Insider Activity at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated 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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google has reportedly agreed to rent SpaceX computing capacity for approximately $920 million per month from October 2026 through June 2029, potentially generating up to $30 billion in revenue. The contract supports SpaceX’s data-center and artificial-intelligence ambitions, although the full value is not guaranteed. Google SpaceX contract
• Positive Sentiment: SpaceX launched new X subscription bundles combining Grok, Cursor and X Premium features, including a $200-per-month tier. The offerings could create additional recurring revenue following the reported $60 billion Cursor acquisition, though monetization remains unproven. SpaceX subscription bundles
• Positive Sentiment: Sources say Ukraine’s access to military-grade Starshield service has been at least partially restored, reducing the risk of a prolonged service interruption. Ukraine Starshield restoration
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before December, potentially focused on artificial intelligence. Neither company has confirmed a deal, and prediction markets reportedly assign low odds to the speculation. Tesla SpaceX merger speculation
• Negative Sentiment: Ukrainian officials accused SpaceX of imposing sudden speed restrictions on military Starlink terminals, disrupting drone operations. Elon Musk said the U.S. government, ultimately President Trump, was responsible. The episode increases political, regulatory and reputational risk around SpaceX’s government business. Starlink Ukraine restrictions
• Negative Sentiment: An upcoming insider share unlock could release as many as 1.3 billion shares, raising concerns about additional supply and potential selling pressure after earlier lockup expirations. SpaceX insider share unlock
• Negative Sentiment: Investors remain concerned that SpaceX’s valuation assumes ambitious growth in Starlink, mobile communications, AI and orbital data centers, while the company may need substantial additional debt and capital spending to execute those plans. SpaceX capital requirements

SpaceX Stock Down 3.8%

Shares of NASDAQ SPCX traded down $5.73 during mid-day trading on Thursday, reaching $146.43. 68,153,609 shares of the company were exchanged, compared to its average volume of 100,824,156. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.93 trillion and a PE ratio of -1,623.18. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The business has a 50-day simple moving average of $147.51.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s quarterly revenue was up 91.9% on a year-over-year basis. On average, equities analysts forecast that SpaceX will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPCX. Clear Str raised SpaceX to a “strong-buy” rating in a research report on Tuesday, July 7th. Evercore initiated coverage on SpaceX in a report on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 price objective for the company. KGI Securities lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. DZ Bank started coverage on shares of SpaceX in a report on Friday, August 21st. They set a “sell” rating and a $100.00 target price on the stock. Finally, Weiss Ratings began coverage on shares of SpaceX in a research report on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.06.

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.