Endowment Wealth Management Inc. Makes New Investment in SpaceX $SPCX

Posted by Geri Gentry on Nov 8th, 2026

Endowment Wealth Management Inc. acquired a new stake in SpaceX (NASDAQ:SPCX – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,490 shares of the company’s stock, valued at approximately $7,919,000. SpaceX accounts for approximately 2.7% of Endowment Wealth Management Inc.’s portfolio, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SC US Ttgp LTD. purchased a new stake in shares of SpaceX during the second quarter worth about $20,933,621,000. Darsana Capital Partners LP bought a new stake in shares of SpaceX in the second quarter worth about $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX in the second quarter worth about $6,587,531,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in SpaceX during the 3rd quarter valued at about $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new position in SpaceX during the 2nd quarter valued at about $3,231,681,000.

SpaceX Trading Up 8.6%

Shares of SPCX opened at $134.27 on Friday. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The company’s 50-day moving average is $149.18. The company has a market cap of $1.82 trillion and a price-to-earnings ratio of 516.42.

SpaceX (NASDAQ:SPCX – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $14.57 billion during the quarter. During the same period in the previous year, the company earned ($0.36) earnings per share. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. On average, research analysts forecast that SpaceX will post 0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPCX. Seaport Research Partners lowered SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Bank of America lifted their price objective on SpaceX from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Sanford C. Bernstein set a $267.00 target price on SpaceX in a research note on Monday, October 26th. TD Cowen upped their target price on SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Finally, Citigroup raised their price target on SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.60.

View Our Latest Analysis on SPCX

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

SpaceX Company Profile

(Free Report)

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.