Traphagen Investment Advisors 13F: New $431K Stake in SPCX

Traphagen Investment Advisors has opened a brand-new stake in Space Exploration Technologies Corp. (NasdaqGS: SPCX), purchasing 2,857 shares of the aerospace company. The holdings were disclosed in a Form 13F filing with the SEC on October 14, 2026. Because 13F reports look backward at the previous quarter, the filing reflects portfolio choices made during that period and may not represent the fund's current holdings today.

Inside Traphagen Investment Advisors's SpaceX Trade

The newly acquired position gives the firm 2,857 shares of Space Exploration Technologies Corp. with a reported market value of $430,995. This is a brand-new holding for the fund, which previously held zero shares in the company.

Other Institutional Activity in Space Exploration Technologies Corp.

Other major investors have 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 boosted its stake by 251,707,265 shares to reach 503,414,530 shares valued at roughly $73,513,623,201. FMR, LLC lifted its holdings by 151,277,916 shares, closing the period with 302,555,831 shares worth approximately $44,182,227,631. Vy Capital Management Co. Ltd. added 135,905,750 shares, bringing its total to 271,811,500 shares valued at about $39,692,633,013. Finally, Gigafund Management Company, LLC grew its position by 85,913,372 shares to hold 171,826,745 shares worth roughly $25,091,859,362.

Space Exploration Technologies Corp. Stock Down 5.4%

Space Exploration Technologies Corp. shares recently traded at $143.93. The stock sits below its 50-day moving average of $146.72 and its 200-day moving average of $145.58. Over the past year, the shares have traded as low as $104.83 and as high as $225.64, leaving the recent price about 36.2% below that 52-week peak.

Recent Earnings

For its trailing twelve months, Space Exploration Technologies Corp. reported revenue of $23,044,000,000, alongside a year-over-year revenue growth rate of 91.9%. The company posted a negative earnings per share of $1.10 and a net profit margin of -35.7%. The firm's next earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at Space Exploration Technologies Corp.

Company insiders have made notable transactions in recent months. On April 2, 2026, Chief Executive Officer Elon Reeve Musk sold 11,390 shares at an average price of $105.32 for a total of $1,199,572. Later, on September 22, 2026, President Gwynne E. Shotwell sold 342,170 shares valued at $52,546,493. Insider sales do not necessarily signal a negative outlook and often reflect personal financial planning.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the stock with several updates. On September 29, 2026, TD Cowen initiated coverage with a buy rating and a $200.00 price target. Macquarie maintained an outperform rating with a $250.00 target on September 30, 2026. Susquehanna maintained a neutral rating while raising its target from $144.00 to $173.00 on October 7, 2026. 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 target. Overall, the stock carries a consensus buy rating from 31 analysts, with a mean price target of $221.26.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. The company operates through three segments: Space, Connectivity, and AI. Its Space segment designs, manufactures, and launches reusable rockets to provide access to orbit and beyond.

Bottom Line

Investors tracking Space Exploration Technologies Corp. should look ahead to the company's next earnings release on November 3, 2026, for further details on revenue and margins. Institutional reports like Traphagen's 13F filing offer a useful look at past portfolio adjustments, but they should be viewed alongside ongoing fundamental updates. 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.