SpaceX $SPCX Shares Bought by D.A. Davidson & CO.

Posted by Geri Gentry on Oct 30th, 2026

D.A. Davidson & CO. grew its position in SpaceX (NASDAQ:SPCX – Free Report) by 69.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 110,301 shares of the company’s stock after acquiring an additional 45,134 shares during the period. D.A. Davidson & CO.’s holdings in SpaceX were worth $16,640,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BOKF NA lifted its holdings in SpaceX by 1,585.0% during the third quarter. BOKF NA now owns 11,761 shares of the company’s stock worth $1,774,000 after acquiring an additional 11,063 shares in the last quarter. LaFleur & Godfrey LLC bought a new stake in shares of SpaceX in the third quarter worth about $13,198,000. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of SpaceX by 459.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 39,859 shares of the company’s stock worth $6,013,000 after acquiring an additional 32,738 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of SpaceX during the third quarter worth about $2,572,000. Finally, VestGen Advisors LLC raised its position in shares of SpaceX by 285.5% during the third quarter. VestGen Advisors LLC now owns 37,855 shares of the company’s stock worth $5,711,000 after purchasing an additional 28,035 shares during the period.

Insider Buying and Selling at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Arete Research set a $450.00 price objective on SpaceX in a report on Tuesday, August 11th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of SpaceX in a research note on Wednesday, October 21st. Erste Group Bank began coverage on shares of SpaceX in a report on Thursday, October 8th. They set a “hold” rating on the stock. UBS Group reaffirmed an “overweight” rating and issued a $300.00 price target on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Citigroup increased their price objective on shares of SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.97.

Get Our Latest Stock Analysis on SPCX

SpaceX Stock Performance

NASDAQ:SPCX opened at $143.89 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. The company has a market capitalization of $1.90 trillion and a P/E ratio of 553.42. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock’s 50-day moving average price is $149.55.

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm’s quarterly revenue was up 161.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.36) EPS. On average, research analysts predict that SpaceX will post 0.13 earnings per share for the current fiscal year.

SpaceX 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.