McKinley Carter Wealth Services Inc. Makes New $2.80 Million Investment in SpaceX $SPCX

McKinley Carter Wealth Services Inc. purchased a new position in SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,576 shares of the company’s stock, valued at approximately $2,802,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Snider Financial Group lifted its stake in SpaceX by 119.6% during the third quarter. Snider Financial Group now owns 6,976 shares of the company’s stock valued at $1,052,000 after buying an additional 3,800 shares in the last quarter. Parisi Gray Wealth Management boosted its holdings in shares of SpaceX by 70.7% in the third quarter. Parisi Gray Wealth Management now owns 12,500 shares of the company’s stock worth $1,886,000 after buying an additional 5,179 shares during the period. ICG Advisors LLC purchased a new position in shares of SpaceX in the third quarter worth approximately $6,262,000. TD Waterhouse Canada Inc. increased its position in shares of SpaceX by 124.7% in the third quarter. TD Waterhouse Canada Inc. now owns 101,349 shares of the company’s stock worth $15,015,000 after acquiring an additional 56,248 shares in the last quarter. Finally, WealthBridge Capital Management LLC acquired a new stake in shares of SpaceX during the third quarter valued at approximately $227,000.

Key Headlines 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 Price Performance

SPCX traded down $2.59 on Friday, reaching $146.03. 88,126,147 shares of the company traded hands, compared to its average volume of 94,434,504. The business has a 50 day moving average price of $148.44. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock has a market cap of $1.92 trillion and a P/E ratio of -1,622.56. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. SpaceX’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

SPCX has been the subject of several research analyst reports. Wall Street Zen downgraded shares of SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Mizuho assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Barclays began coverage on shares of SpaceX in a research note on Friday, October 9th. They set an “overweight” rating and a $254.00 target price on the stock. Finally, Daiwa Securities Group assumed coverage on SpaceX in a report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.34.

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.