HB Wealth Management 13F: New $11M Stake in SPCX

HB Wealth Management acquired a new stake in Space Exploration Technologies Corp. (NASDAQ:SPCX), purchasing 70,889 shares worth about $10.7 million. According to a Form 13F filing with the U.S. Securities and Exchange Commission on October 23, 2026, the fund initiated the holding during the quarter.

SPCX Space Exploration Technologies Corp.

$144.75 ▲ +25.59% past 3 months

1M 3M

Daily close · Oct 22, 2026

What Changed in HB Wealth Management's Space Exploration Technologies Corp. Position

HB Wealth Management opened a brand-new position in the aerospace firm, ending the period with 70,889 shares. The reported value of the holding reached $10,694,201 on the October 23 filing date.

Other Institutional Activity in Space Exploration Technologies Corp.

Other institutional investors also adjusted their positions in the company around the same filing period. SBI Securities grew its holdings by 59,115 shares, ending with 212,684 shares worth about $32.1 million. BIP Wealth grew its holdings by 10,091 shares, ending with 12,197 shares worth about $1.8 million. Wilmington Savings Fund Society acquired a new stake of 10,577 shares valued at about $1.6 million. NTV Asset Management bought 29,772 shares worth about $4.5 million.

Space Exploration Technologies Corp. Stock Down 7.4%

Space Exploration Technologies Corp. recently traded around $147.50 as of October 24, 2026, remaining about equal to the closing price of $147.49 on October 23, 2026. The stock trades below its 50-day moving average of $149.12 and above its 200-day moving average of $145.81. The shares sit 34.6% below their 52-week high of $225.64 and 40.7% above their 52-week low of $104.83.

Recent Earnings

Space Exploration Technologies Corp. reported trailing twelve-month revenue of $32.04 billion and basic earnings per share of negative $1.00, alongside year-over-year revenue growth of 161.4% and a net margin of negative 8.6%. The company's next earnings report is scheduled for February 9, 2027.

Insider Buying and Selling at Space Exploration Technologies Corp.

Company insiders executed transactions prior to the filing.

Analysts Set New Price Targets

Wall Street analysts updated coverage ahead of the filing period.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. builds reusable rockets and operates satellite-based broadband networks globally. The company also advances connectivity and artificial intelligence initiatives alongside its spaceflight operations.

Bottom Line

Investors tracking Space Exploration Technologies Corp. will look toward the next earnings release on February 9, 2027, for further updates on revenue and profit margins. Future institutional filings will show whether new buyers continue to build positions in the stock.