Forum Financial Management LP Buys 6,179 Shares of SpaceX $SPCX

17 Oct 2026, 14:28 by Kim Johansen · The Markets Daily

Forum Financial Management LP bought a new position in shares of SpaceX (NASDAQ:SPCX – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,179 shares of the company’s stock, valued at approximately $932,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Syntax Research Inc. purchased a new stake in SpaceX in the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX during the 2nd quarter worth about $30,000. Hickory Point Bank & Trust purchased a new position in shares of SpaceX during the 3rd quarter worth about $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SpaceX during the 3rd quarter worth about $30,000.

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 Stock Performance

SPCX opened at $146.03 on Friday. The business’s 50 day simple moving average is $148.44. The firm has a market cap of $1.92 trillion and a P/E ratio of -1,622.56. 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 0.29, a quick ratio of 4.99 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. On average, sell-side analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the 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 completion of the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

SPCX has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. Wells Fargo & Company cut their price target on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Susquehanna lifted their price target on shares of SpaceX from $144.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. DZ Bank started coverage on shares of SpaceX in a report on Friday, August 21st. They issued a “sell” rating and a $100.00 price target on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research note on Monday, September 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.34.

Read Our Latest Stock Report on SPCX

SpaceX Company Profile

(Free Report)

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.