Rebalance 13F: New $3.7M Stake in SPCX

Rebalance opened a new position in Space Exploration Technologies Corp. (SPCX), acquiring 24,271 shares valued at about $3.7 million, according to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026.

SPCX Space Exploration Technologies Corp.

$159.31 ▲ +28.95% past 3 months

1M 3M

Daily close · Oct 21, 2026

What Changed in Rebalance's Space Exploration Technologies Corp. Position

The firm initiated its stake during the quarter, bringing on a brand-new holding of 24,271 shares.

Other Institutional Activity in Space Exploration Technologies Corp.

Other major funds also adjusted their positions in the aerospace firm recently. SBI Securities grew its holdings by 59,115 shares, ending with 212,684 shares worth about $32.1 million. Perigon Wealth Management grew its holdings by 17,901 shares, ending with 27,622 shares worth about $4.2 million. Royal Fund Management grew its holdings by 56,322 shares, ending with 84,464 shares worth about $12.7 million. Meanwhile, Bell Bank added a new holding of 4,457 shares valued at about $672,383, and Oriental Harbor Investment Master Fund opened a new position with 105,488 shares worth about $15.9 million.

Space Exploration Technologies Corp. Stock Down 9.1%

Space Exploration Technologies Corp. shares closed at $144.75 on October 22, 2026. The stock recently traded around $144.75 as of October 23, 2026, putting it right around its level from the filing date. The shares have traded between a 52-week low of $104.83 and a 52-week high of $225.64.

Recent Earnings

Space Exploration Technologies Corp. posted trailing-twelve-month revenue of $23.04 billion. The firm reported a net profit margin of -35.7% and a year-over-year revenue growth rate of 91.9%. With a negative trailing EPS of $1.10, the company currently has no meaningful P/E ratio because it is not profitable. Its forward P/E ratio stands at 73.64. 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. 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 about $1.2 million. President Gwynne E. Shotwell sold 342,170 shares on September 22, 2026, valued at about $52.5 million.

Analysts Set New Price Targets

Wall Street research firms updated their views ahead of the filing. On October 21, 2026, Macquarie maintained its Outperform rating with a $250.00 price target. UBS maintained its Buy rating and raised its target from $210.00 to $230.00. Citigroup maintained its Buy rating and raised its target from $200.00 to $240.00. On October 22, 2026, B of A Securities maintained a Buy rating with a $275.00 target, while Pivotal Research maintained a Buy rating with a $260.00 target. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $255.06.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. designs, manufactures, and launches reusable rockets and provides satellite-based broadband services across the United States and internationally. It operates through space, connectivity, and artificial intelligence segments to expand global connectivity and space access.

Bottom Line

Investors will watch how the stock performs leading into the company's next earnings report on February 9, 2027. Institutional filings provide a look at where major managers put their money during past quarters.