Avidian Wealth Enterprises LLC Grows Stock Position in SpaceX $SPCX

Avidian Wealth Enterprises LLC raised its position in SpaceX (NASDAQ:SPCX) by 587.0% during the third quarter, Holdings Channel reports. The firm owned 54,170 shares of the company’s stock after purchasing an additional 46,285 shares during the period. Avidian Wealth Enterprises LLC’s holdings in SpaceX were worth $8,172,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Ebert Capital Management Inc. increased its stake in shares of SpaceX by 21.6% in the 3rd quarter. Ebert Capital Management Inc. now owns 4,600 shares of the company’s stock valued at $694,000 after acquiring an additional 816 shares in the last quarter. Vista Investment Partners LLC bought a new stake in SpaceX in the 3rd quarter valued at about $992,000. Tactive Advisors LLC acquired a new stake in SpaceX in the third quarter valued at approximately $520,000. Quintet Private Bank Europe S.A. increased its holdings in shares of SpaceX by 67.5% during the third quarter. Quintet Private Bank Europe S.A. now owns 10,416 shares of the company’s stock valued at $1,571,000 after acquiring an additional 4,199 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its holdings in shares of SpaceX by 181.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,847 shares of the company’s stock worth $429,000 after purchasing an additional 1,836 shares in the last quarter.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The FCC approved SpaceX’s plan to deploy 15,000 additional Starlink satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision could accelerate Starlink’s mobile connectivity expansion. SpaceX gets FCC approval for 15,000 Starlink satellites
• Positive Sentiment: Morgan Stanley reaffirmed a Buy rating and a $300 price target, arguing that Starlink and contracted AI-compute capacity could support SpaceX’s growth and help service the planned AI investment. Morgan Stanley maintains SpaceX Buy rating
• Neutral Sentiment: Erste Group initiated coverage with a Hold rating. The firm sees meaningful potential in SpaceX’s AI operations and core rocket business, but the company’s rapid expansion and valuation leave limited room for execution setbacks. Erste Group initiates SpaceX coverage
• Neutral Sentiment: President Donald Trump’s financial disclosure showed a purchase of as much as $5 million in SpaceX debt. While the investment may attract attention, it does not directly change the company’s operating outlook. Trump disclosure includes SpaceX debt purchase
• Negative Sentiment: SpaceX is reportedly seeking approximately $40 billion—about $10 billion in loans and $30 billion in bonds—to purchase Nvidia AI chips and expand computing capacity. Investors are concerned that the debt could increase leverage and credit risk, particularly because the company already has substantial cash reserves. Apollo and banks discuss SpaceX Nvidia financing
• Negative Sentiment: Up to 328.4 million shares may become eligible for trading in the October 9 lock-up expiration, creating a potential increase in supply and additional selling pressure after the stock’s recent rally. SpaceX share unlock outlook
• Negative Sentiment: Starlink’s launch in India remains stalled. Elon Musk accused powerful local telecom interests of blocking the service, while India rejected the discrimination claim, escalating regulatory and political uncertainty around a potentially important market. Starlink India launch dispute

Insider Buying and Selling at SpaceX

In related 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 value of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, 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 is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

SPCX has been the subject of a number of analyst reports. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating and set a $75.00 price objective for the company in a report on Friday, July 31st. Seaport Research Partners lowered SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a report on Monday, June 22nd. Needham & Company LLC reaffirmed a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $246.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.76.

SpaceX Stock Performance

SPCX traded down $5.65 during midday trading on Thursday, reaching $161.95. The company had a trading volume of 37,757,398 shares, compared to its average volume of 102,078,094. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The business’s 50-day moving average price is $142.98. The company has a market capitalization of $2.13 trillion and a PE ratio of -1,799.48. 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 announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. SpaceX’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, research analysts anticipate that SpaceX will post 0.09 earnings per share for the current year.

SpaceX 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.