Representative Jared Moskowitz (Democratic-Florida) recently bought shares of SpaceX (NASDAQ:SPCX). In a filing disclosed on July 26th, the Representative disclosed that they had bought between $1,001 and $15,000 in SpaceX stock on June 12th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (2)” account.
Representative Jared Moskowitz also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 6/18/2026.
- Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/17/2026.
- Purchased $1,001 – $15,000 in shares of HCA Healthcare (NYSE:HCA) on 6/17/2026.
- Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 6/17/2026.
- Purchased $1,001 – $15,000 in shares of Monster Beverage (NASDAQ:MNST) on 6/17/2026.
- Sold $1,001 – $15,000 in shares of S&P Global (NYSE:SPGI) on 6/17/2026.
- Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 6/17/2026.
- Sold $1,001 – $15,000 in shares of Cencora (NYSE:COR) on 5/6/2026.
- Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 5/6/2026.
SpaceX Trading Down 11.4%
Shares of SPCX stock traded down $14.30 during trading hours on Wednesday, reaching $111.03. The company’s stock had a trading volume of 120,568,653 shares, compared to its average volume of 103,529,445. SpaceX has a one year low of $104.83 and a one year high of $225.64.
Key Headlines Impacting SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Strong quarterly results: SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, and an adjusted loss of $0.09 per share versus expectations for a $0.26 loss. Starlink growth, AI cloud contracts, and a $47.5 billion backlog supported the beat. SpaceX Beats Q2 Earnings Estimates on AI Cloud and Starlink Growth
- Positive Sentiment: AI demand and new contracts: Management said it secured additional cloud-services commitments, including $6.7 billion of revenue expected to begin ramping in October. Elon Musk also said SpaceX will use Nvidia chips exclusively, potentially improving AI capacity while reinforcing supplier relationships. SpaceX’s AI spending unnerves Wall Street despite promises of quick payoff
- Positive Sentiment: Long-term bullish catalysts: SpaceX won a $1.6 billion Pentagon contract, while analysts including Needham, Cantor Fitzgerald, William Blair, and RBC reiterated bullish ratings with price targets near $246–$250. SpaceX Latest Pentagon Deal Is Bigger Than Half a Year of Rocket Revenue
- Neutral Sentiment: Potential ETF impact: The Aug. 6 lockup expiration could increase SPCX’s weight in QQQ and other Nasdaq-linked ETFs if additional shares enter the public float, potentially creating both passive buying and added volatility. SpaceX Lockup Expiry Could Send a Gentle Jolt Through QQQ, Nasdaq ETFs
- Negative Sentiment: AI spending overshadowed the earnings beat: Capital expenditures surged to roughly $18.4 billion, including about $15.8 billion for AI infrastructure. Analysts estimate SpaceX could spend approximately $64 billion this year, raising concerns about cash burn, losses in newer businesses, and uncertain returns on investment. SpaceX’s stock falls as Wall Street gets spooked by the extent of AI spending
- Negative Sentiment: Share-supply risk: As many as 912 million insider and pre-IPO shares become eligible for sale on Aug. 6. Even if insiders do not sell all of them, the potential increase in supply is pressuring the stock. Lockup expiry will offer the next test of investor appetite for SpaceX shares
- Negative Sentiment: Concentration and financial risks: Two unnamed customers represented approximately 38% of second-quarter revenue, while SpaceX reported a $540 million unrealized loss on its Bitcoin holdings. These factors add to concerns about revenue concentration and capital allocation. SpaceX’s Biggest Growth Story Comes with a Concentration Risk
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SPCX. Fortitude Financial LLC bought a new stake in shares of SpaceX during the second quarter valued at approximately $221,000. Financial Advisory Corp bought a new stake in shares of SpaceX in the 2nd quarter worth $218,000. Wealthcare Capital Partners LLC bought a new stake in shares of SpaceX in the 2nd quarter worth $214,000. Beaird Harris Wealth Management LLC bought a new position in shares of SpaceX during the second quarter valued at $120,000. Finally, Cooper Financial Group purchased a new stake in shares of SpaceX during the second quarter valued at $950,000.
Analysts Set New Price Targets
SPCX has been the topic of a number of research reports. Clear Str raised shares of SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Wells Fargo & Company decreased their target price on SpaceX from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $225.00 target price on shares of SpaceX in a research note on Monday. KeyCorp restated a “sector weight” rating on shares of SpaceX in a research report on Tuesday, July 28th. Finally, Cfra began coverage on SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $229.39.
Read Our Latest Stock Report on SpaceX
About Representative Moskowitz
Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the 2026 election.
Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.
About SpaceX
SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.
Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.
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