Perigon Wealth Management 13F: Adds $2.7M to SPCX Stake

Perigon Wealth Management increased its holdings in Space Exploration Technologies Corp. (SPCX) by 184.1% during the quarter, bringing its total stake to 27,622 shares worth about $4.2 million in a filing on October 22, 2026. According to its Form 13F filing with the Securities and Exchange Commission, the firm added 17,901 shares to its previous position of 9,721 shares.

SPCX Space Exploration Technologies Corp.

$159.31 ▲ +28.95% past 3 months

1M 3M

Daily close · Oct 21, 2026

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

Perigon Wealth Management expanded its investment in Space Exploration Technologies Corp. significantly during the period. The firm grew its share count by 184.1% from 9,721 shares up to 27,622 shares. The reported value of the holding reached $4,167,072 at the close of the period.

Other Institutional Activity in Space Exploration Technologies Corp.

Other major institutional investors also adjusted their positions in Space Exploration Technologies Corp. recently. Bell Bank opened a new position by acquiring 4,457 shares worth about $672,383. SBI Securities grew its holdings by 59,115 shares or 38.5%, ending with 212,684 shares valued at about $32.1 million. Alphabet Inc. added 275,594,750 shares with a 100.0% change, finishing with 551,189,500 shares worth about $79.8 billion. Valor Management LLC increased its stake by 251,707,265 shares or 100.0% to hold 503,414,530 shares valued at about $72.9 billion. Vy Capital Management Co. Ltd. boosted its holdings by 135,905,750 shares or 100.0%, ending with 271,811,500 shares worth about $39.3 billion.

Space Exploration Technologies Corp. Stock Down 2.1%

Space Exploration Technologies Corp. shares closed at $144.75 on October 22, 2026, and recently traded at the same level of $144.75 as of October 23, 2026. The stock trades below its 50-day moving average of $149.14 and below its 200-day moving average of $145.82. The shares sit well below the 52-week high of $225.64 while remaining above the 52-week low of $104.83.

Recent Earnings

Space Exploration Technologies Corp. reported trailing twelve-month revenue of $23.04 billion alongside a negative earnings per share of $1.10. The firm posts a forward P/E ratio of 73.64 and has an upcoming earnings report scheduled for February 9, 2027.

Insider Buying and Selling at Space Exploration Technologies Corp.

Company insiders executed transactions prior to the filing period. Chief Executive Officer Elon Reeve Musk sold 11,390 shares on April 2, 2026, at an average price of $105.32 for a total value of $1,199,572. President Gwynne E. Shotwell sold 342,170 shares on September 22, 2026, valued at $52,546,493.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on Space Exploration Technologies Corp. ahead of the filing date. On October 21, 2026, Macquarie maintained its Outperform rating with a price target of $250.00. UBS maintained its Buy rating on October 21, 2026, and lifted its target from $210.00 to $230.00. Citigroup maintained a Buy rating on October 21, 2026, while raising its target from $200.00 to $240.00. B of A Securities maintained a Buy rating on October 22, 2026, raising its target from $235.00 to $275.00. Pivotal Research maintained its Buy rating on October 22, 2026, and increased its target from $230.00 to $260.00. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $255.06 based on 34 analyst opinions.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. builds and operates reusable rockets, satellite networks, and space transportation systems. It delivers broadband internet to users around the globe through its connectivity segment while pursuing advanced aerospace manufacturing. Institutional interest remains active as the company scales its orbital networks.

Bottom Line

Investors will watch the upcoming earnings release on February 2027 for further details on revenue growth and profit margins. Future institutional filings will reveal whether other wealth managers continue to build positions in the aerospace firm.