Nwam LLC bought a new position in SpaceX (NASDAQ:SPCX – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,673 shares of the company’s stock, valued at approximately $798,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rehmann Capital Advisory Group purchased a new position in SpaceX in the 2nd quarter valued at approximately $1,472,000. Montanova Capital LLC purchased a new stake in SpaceX during the 2nd quarter worth about $17,291,000. JNBA Financial Advisors bought a new position in SpaceX in the 2nd quarter worth about $223,000. Strategic Advisors LLC purchased a new position in SpaceX during the 2nd quarter valued at about $336,000. Finally, CTC Alternative Strategies Ltd. bought a new stake in shares of SpaceX during the second quarter valued at about $564,000.
Analyst Upgrades and Downgrades
SPCX has been the subject of several recent analyst reports. Mizuho began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price objective for the company. Wedbush started coverage on shares of SpaceX in a report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price target for the company. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday, August 7th. KeyCorp reissued a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Finally, Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of SpaceX in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and an average target price of $221.20.
Key Stories Impacting SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Analysts see substantial AI upside. Oppenheimer raised its price target to $280 from $250, citing faster-than-expected AI usage, improving computing economics and rapidly expanding infrastructure. Bernstein set a $248 target and expects AI revenue could nearly quintuple in 2027. Oppenheimer SpaceX price target article
- Positive Sentiment: Compute demand is creating a new revenue stream. Google and Anthropic reportedly turned to SpaceX for AI computing because electricity and data-center capacity are constrained. The company is building its own power supplies and reportedly securing significant payments from large technology customers. SpaceX AI compute demand article
- Positive Sentiment: Defense adoption strengthens the strategic narrative. The Pentagon’s authorization of Starshield AI’s Grok for government use supports SpaceX’s positioning in secure, software-driven defense and orbital computing. Pentagon Grok rollout article
- Positive Sentiment: Recent operating momentum supports the bullish case. Revenue rose 91.9% year over year in the latest quarter, while Starlink’s connectivity business generated approximately $1.66 billion in operating profit. Plans to manufacture gas turbines could also help address the power bottleneck limiting AI expansion. SpaceX Starlink profitability article
- Neutral Sentiment: A scheduled SpaceX rocket launch visible across parts of California and Arizona may generate publicity, but it is unlikely to materially change valuation or near-term earnings. SpaceX California launch article
- Negative Sentiment: AI execution problems are the clearest near-term risk. SpaceX reportedly reshuffled its data-center leadership after reliability issues at Tennessee and Mississippi facilities, with a Sept. 30 deadline approaching for Google’s reported $920 million-per-month computing agreement. Delays could threaten revenue expectations and customer confidence. SpaceX data-center team changes article
- Negative Sentiment: Investors remain concerned that AI and space operations are consuming enormous capital while producing losses. The AI unit reportedly accounted for most quarterly capital spending, and the company’s valuation leaves little room for disappointment. Dependence on Elon Musk also creates key-person and governance risk. SpaceX key-person risk article
SpaceX Stock Performance
NASDAQ SPCX opened at $140.71 on Thursday. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock’s fifty day moving average is $136.33. The company has a market cap of $1.84 trillion and a P/E ratio of -1,563.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99.
SpaceX (NASDAQ:SPCX – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The company’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.
SpaceX Company Profile
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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