Royal Fund Management 13F: Adds $8.5M to SPCX Stake

Royal Fund Management lifted its stake in Space Exploration Technologies Corp. (SPCX) during the quarter, 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 Royal Fund Management's Space Exploration Technologies Corp. Position

The fund boosted its holdings by 56,322 shares, marking a 200.1% increase from its previous count of 28,142 shares. That brought its total investment to 84,464 shares with a reported value of $12,742,239 at the close of the period.

Other Institutional Activity in Space Exploration Technologies Corp.

Other large investors also adjusted their positions in the aerospace company during the reporting period. Perigon Wealth Management grew its holdings by 17,901 shares, ending with 27,622 shares worth about $4,167,072. Oriental Harbor Investment Master Fund held 105,488 shares valued at about $15,913,919. Alphabet Inc. held 551,189,500 shares worth about $79,784,680,125 after an increase of 275,594,750 shares. Valor Management LLC held 503,414,530 shares valued at about $72,869,253,217 after adding 251,707,265 shares. Vy Capital Management Co. Ltd. held 271,811,500 shares worth about $39,344,714,625 after picking up 135,905,750 shares.

Space Exploration Technologies Corp. Stock Down 2.1%

Shares of Space Exploration Technologies Corp. recently traded around $144.75 as of October 23, 2026, matching the closing price of $144.75 on the filing date of October 22, 2026. The stock trades below its 50-day moving average of $149.14 and below its 200-day moving average of $145.82. Over the past 52 weeks, the shares have traded as low as $104.83 and as high as $225.64.

Recent Earnings

The company generated $23.04 billion in trailing-twelve-month revenue with a net profit margin of -35.7% and basic earnings per share of -$1.10 over the same period. Its year-over-year revenue growth reached 91.9%. The firm's next quarterly earnings release is scheduled for February 9, 2027.

Insider Buying and Selling at Space Exploration Technologies Corp.

Company insiders executed transactions prior to the filing, including Chief Executive Officer Elon Reeve Musk selling 11,390 shares at $105.32 on April 2, 2026, for a total 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 views on the stock around the filing date. Macquarie maintained an Outperform rating with a $250.00 price target on October 21, 2026. UBS maintained a Buy rating and raised its target from $210.00 to $230.00 on October 21, 2026. Citigroup maintained a Buy rating and lifted its target from $200.00 to $240.00 on October 21, 2026. B of A Securities maintained a Buy rating and raised its target from $235.00 to $275.00 on October 22, 2026. Pivotal Research maintained a Buy rating and raised its target from $230.00 to $260.00 on October 22, 2026. Analysts maintain a consensus buy rating and an average 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 international markets. The enterprise operates through Space, Connectivity, and AI divisions to expand global internet access and space transportation capabilities.

Bottom Line

Institutional interest in Space Exploration Technologies Corp. remains high as major funds adjust their portfolios. Investors will look toward the company's upcoming earnings report on February 9, 2027, for further details on revenue growth and profit margins.