Kmg Fiduciary Partners 13F: New $2.8M Stake in SPCX

In a recent Form 13F filing with the Securities and Exchange Commission, Kmg Fiduciary Partners revealed it has taken a brand-new position in Space Exploration Technologies Corp. (NasdaqGS: SPCX). Institutional filings like this one offer a look back at portfolio moves made during the previous quarter, meaning these positions might not reflect the fund's current holdings today.

What Changed in Kmg Fiduciary Partners's Space Exploration Technologies Corp. Position

Kmg Fiduciary Partners opened a stake in the aerospace company by purchasing 18,564 shares. The newly acquired holding carried an estimated market value of $2,800,565 at the time of the reporting period. Because this was a new investment, the fund held no prior shares in the company.

Other Institutional Activity in Space Exploration Technologies Corp.

Other major institutional investors also adjusted their positions in the aerospace firm recently. Alphabet Inc. grew its holdings by 275,594,750 shares, ending with 551,189,500 shares worth about $80,490,202,012. Valor Management LLC grew its holdings by 251,707,265 shares, ending with 503,414,530 shares worth about $73,513,623,201. FMR, LLC grew its holdings by 151,277,916 shares, ending with 302,555,831 shares worth about $44,182,227,631. Vy Capital Management Co. Ltd. grew its holdings by 135,905,750 shares, ending with 271,811,500 shares worth about $39,692,633,013. Gigafund Management Company, LLC grew its holdings by 85,913,372 shares, ending with 171,826,745 shares worth about $25,091,859,362.

Space Exploration Technologies Corp. Stock Down 5.1%

SpaceX shares recently traded around $144.47. The stock sits about 36.0% below its 52-week high of $225.64 and roughly 37.8% above its 52-week low of $104.83. Recent trading has the shares just below both their 50-day moving average of $146.72 and their 200-day moving average of $145.58.

Recent Earnings

Space Exploration Technologies Corp. reported trailing-twelve-month revenue of $23,043,999,744 alongside a year-over-year revenue growth rate of 91.9%. The company posted a negative trailing earnings per share of $1.11, resulting in a net profit margin of -35.7%. Because the firm is not currently profitable on a trailing basis, it does not carry a meaningful price-to-earnings ratio. The company's next quarterly financial results are scheduled for release on November 3, 2026.

Insider Buying and Selling at Space Exploration Technologies Corp.

Company insiders have also executed transactions in the stock. On April 2, 2026, Chief Executive Officer Elon Reeve Musk sold 11,390 shares at a price of $105.32, totaling $1,199,572. Later, on September 22, 2026, President Gwynne E Shotwell sold 342,170 shares for a total value of $52,546,493.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the stock with several rating updates. On September 29, 2026, TD Cowen initiated coverage with a buy rating and a $200.00 price target. Macquarie maintained its outperform rating on September 30, 2026, keeping its target at $250.00. Susquehanna maintained a neutral rating on October 7, 2026, while raising its price target from $144.00 to $173.00. Barclays initiated coverage with an overweight rating and a $254.00 price target on October 9, 2026. On the same day, TD Cowen reiterated its buy rating and $200.00 price target. Overall, the stock holds a consensus buy rating from analysts, with a mean price target of $221.26 across 31 analyst opinions.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. designs, manufactures, and launches reusable rockets, while also providing satellite-based broadband services across international markets. Operating across space, connectivity, and artificial intelligence segments, the Starbase, Texas-based enterprise connects remote and mobile users worldwide. Institutional interest remains high as the company scales its launch capabilities and broadband subscriber base.

Bottom Line

Investors tracking Kmg Fiduciary Partners will want to look toward the company's upcoming earnings release in November for fresh financial figures. Institutional 13F reports only show historical portfolio snapshots and may not reflect what the fund holds right now. 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.