Onyx Bridge Wealth Group LLC Purchases 7,393 Shares of SpaceX $SPCX

Onyx Bridge Wealth Group LLC increased its stake in shares of SpaceX (NASDAQ:SPCX) by 241.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,450 shares of the company’s stock after purchasing an additional 7,393 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in SpaceX were worth $1,576,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Smith Thornton Advisors LLC bought a new stake in SpaceX in the 3rd quarter valued at $319,000. Brown Lisle Cummings Inc. raised its position in shares of SpaceX by 45.6% during the third quarter. Brown Lisle Cummings Inc. now owns 9,710 shares of the company’s stock valued at $1,465,000 after buying an additional 3,040 shares during the last quarter. SteelPeak Wealth LLC raised its position in shares of SpaceX by 3,701.4% during the third quarter. SteelPeak Wealth LLC now owns 149,700 shares of the company’s stock valued at $22,584,000 after buying an additional 145,762 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of SpaceX by 61.0% in the third quarter. IFP Advisors Inc now owns 84,890 shares of the company’s stock valued at $12,807,000 after buying an additional 32,154 shares during the period. Finally, Ariston Services Group lifted its stake in shares of SpaceX by 81.2% in the third quarter. Ariston Services Group now owns 23,696 shares of the company’s stock valued at $3,575,000 after buying an additional 10,621 shares during the period.

Key Stories Impacting SpaceX

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 opened at $146.03 on Friday. The firm has a market cap of $1.92 trillion and a price-to-earnings ratio of -1,622.56. The stock’s 50-day moving average 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 has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly 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 business had revenue of $7.81 billion for the quarter. The company’s revenue for the quarter was up 91.9% on a year-over-year basis. Research analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPCX. HSBC started coverage on SpaceX in a research report on Thursday, July 23rd. They issued a “hold” rating and a $115.00 price objective for the company. Wedbush assumed coverage on SpaceX in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 target price for the company. Susquehanna upped their target price on SpaceX from $144.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SpaceX in a research report on Monday, September 28th. Finally, Pivotal Research reiterated a “buy” rating and set a $230.00 price target on shares of SpaceX in a research note on Monday, October 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $221.34.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.