Wilmington Savings Fund Society, FSB 13F: New $1.6M Stake in SPCX

Wilmington Savings Fund Society bought a new stake in Space Exploration Technologies Corp. (SPCX) during the third quarter, picking up 10,577 shares valued at approximately $1.6 million. The institution disclosed the new holding in a Form 13F filing with the Securities and Exchange Commission on October 23, 2026. The stock closed at $147.49 on the filing date.

SPCX Space Exploration Technologies Corp.

$144.75 ▲ +25.59% past 3 months

1M 3M

Daily close · Oct 22, 2026

What Changed in Wilmington Savings Fund Society's Space Exploration Technologies Corp. Position

The filing shows Wilmington Savings Fund Society initiated a brand-new position in Space Exploration Technologies Corp. The fund bought 10,577 shares with a reported market value of $1,595,646. Because this is a brand-new investment, there was no prior holding in the company.

Other Institutional Activity in Space Exploration Technologies Corp.

Other institutional investors also made notable adjustments to their portfolios during the period. Perigon Wealth Management grew its holdings by 17,901 shares, ending with 27,622 shares worth about $4,167,072. Royal Fund Management grew its holdings by 56,322 shares, ending with 84,464 shares worth about $12,742,239. SBI Securities grew its holdings by 59,115 shares, ending with 212,684 shares worth about $32,085,508. Meanwhile, Oriental Harbor Investment Master Fund opened a new position with 105,488 shares valued at about $15,913,919, and Rebalance opened a new position with 24,271 shares valued at about $3,661,523.

Space Exploration Technologies Corp. Stock Down 7.4%

Space Exploration Technologies Corp. recently traded around $147.50 as of October 24, 2026, which is about equal to its close of $147.49 on the filing date. The stock trades below its 50-day moving average of $149.12 and above its 200-day moving average of $145.81. Over the past 52 weeks, shares have traded as low as $104.83 and as high as $225.64.

Recent Earnings

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

Insider Buying and Selling at Space Exploration Technologies Corp.

Company insiders executed notable transactions earlier in the year. 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. Later, President Gwynne E. Shotwell sold 342,170 shares on September 22, 2026, with a total value of $52,546,493.

Analysts Set New Price Targets

Wall Street research firms maintain varied perspectives on the stock. Macquarie maintained its Outperform rating with a $250.00 price target on October 21, 2026. UBS maintained a Buy rating and raised its price 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 while boosting 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. Overall, the company holds a consensus Buy rating from 34 analysts, with a mean price target of $257.71.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. designs, builds, and launches reusable rockets and operates satellite-based broadband services. It divides its operations into Space, Connectivity, and AI segments, providing global internet access and orbital launch capabilities. Institutional interest in the company remains steady as its broadband network expands.

Bottom Line

Wilmington Savings Fund Society's new investment adds to institutional activity surrounding the aerospace firm. Investors will look toward the company's next earnings report on February 9, 2027, for further updates on revenue growth and profit margins.