Frank, Rimerman Advisors 13F: New $1.9M Stake in SPCX
Frank, Rimerman Advisors disclosed a new investment in Space Exploration Technologies Corp. on October 16, 2026.
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Frank, Rimerman Advisors opened a new position of 12,273 shares in Space Exploration Technologies Corp. ($SPCX), according to a 13F filing with the SEC dated October 16, 2026. It reported 12,273 shares worth $1.85 million at the end of the quarter.
Find the original: Frank, Rimerman Advisors 13F filings on SEC EDGAR
SPCX
Space Exploration Technologies Corp.
Key Points
- In a filing on October 16, 2026, Frank, Rimerman Advisors took a new position in Space Exploration Technologies Corp. (SPCX) with 12,273 shares valued at approximately $1.85 million.
- The stock recently traded around $143.93, which is below its 50-day moving average of $146.72 and its 200-day average of $145.58.
- Other significant holders also made moves in SpaceX this quarter, with Tema ETFs adding 376,475 shares and Financial Synergies Wealth Advisors acquiring over 4,300 shares.
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Frank, Rimerman Advisors disclosed a new investment in Space Exploration Technologies Corp. (SPCX) in a filing on October 16, 2026. The firm took a position of 12,273 shares, valued at about $1,851,504. This represents a new buy for the firm.
Other Institutional Activity in SpaceX
Tema ETFs also made headlines on the same day, adding 376,475 shares of SpaceX, bringing its total to 563,977 shares worth approximately $85.1 million. Financial Synergies Wealth Advisors entered the market with over 4,300 shares, marking its first investment in the company. Meanwhile, Aspiriant opened a new position with 6,590 shares valued at roughly $994,167.
Space Exploration Technologies Corp. Stock Down 5.4%
As of October 16, 2026, SpaceX shares were recently traded around $143.93, which is below its 50-day moving average of $146.72 and its 200-day average of $145.58. The stock is also 36.2% below its 52-week high of $225.64 but remains above its low of $104.83.
Recent Earnings
Space Exploration Technologies Corp. reported a trailing twelve-month revenue of $23 billion, with a year-over-year revenue growth of 91.9%. The next earnings report is scheduled for November 3, 2026.
Insider Buying and Selling at Space Exploration Technologies Corp.
Recently, CEO Elon Musk sold 11,390 shares on April 2, 2026, for about $1,199,572 at an average price of $105.32. President Gwynne E. Shotwell also sold 342,170 shares on September 22, 2026, valued at approximately $52.5 million.
Analysts Set New Price Targets
On October 16, 2026, Evercore ISI Group maintained its "Outperform" rating for SpaceX with a price target of $275. Other firms have also expressed their views, with Barclays initiating an "Overweight" rating at a target of $254, and Macquarie maintaining an "Outperform" rating at $250.
About Space Exploration Technologies Corp.
Space Exploration Technologies Corp. provides satellite-based broadband services and designs reusable rockets to access space. With a market cap of about $1.96 trillion, it operates in the Aerospace & Defense sector, led by CEO Elon Musk.
Bottom Line
As of now, Frank, Rimerman Advisors has taken a new position in SpaceX. Investors should keep an eye on the upcoming earnings report on November 3, 2026, which may provide more insights into its performance. Note that this filing reflects holdings as of the reporting period and may not represent the investor's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.
Related Filing Alerts
Source: Frank, Rimerman Advisors's 13F filing on $SPCX (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Frank, Rimerman Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts