29,813 Shares in SpaceX $SPCX Bought by Wedbush Securities Inc.

Wedbush Securities Inc. bought a new stake in SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,813 shares of the company’s stock, valued at approximately $5,094,000.

Other institutional investors have also bought and sold shares of the company. Hyperion Asset Management Ltd acquired a new stake in SpaceX during the 2nd quarter worth about $201,137,000. Tema ETFs LLC bought a new position in shares of SpaceX in the 2nd quarter worth about $32,037,000. Teamwork Financial Advisors LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at about $8,027,000. Heck Capital Advisors LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at about $3,768,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at about $3,383,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Cowen initiated coverage on SpaceX in a report on Monday, June 22nd. They issued a “buy” rating for the company. Cfra assumed coverage on SpaceX in a report on Friday, June 12th. They set a “sell” rating and a $115.00 price target on the stock. Stifel Nicolaus started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. Mizuho initiated coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, Canaccord Genuity Group initiated coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, SpaceX presently has a consensus rating of “Moderate Buy” and an average price target of $220.20.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s growing relationship with Nvidia is a major bullish catalyst. Nvidia reportedly disclosed roughly a $21 billion investment in SpaceX, while analysts estimate SpaceX could account for approximately $4.8 billion—or about 5%—of Nvidia’s quarterly revenue through purchases of advanced AI chips. This supports the view that SpaceX is becoming a large AI-computing customer, potentially operating as an emerging hyperscaler with as much as 8 gigawatts of capacity planned. Nvidia’s revenue forecast is so huge that Wall Street wonders if SpaceX is the reason
• Positive Sentiment: Starlink won a 10-year license to provide satellite broadband services in the United Arab Emirates, expanding its international commercial footprint and recurring-revenue opportunity. SpaceX Stock Is Rising Today — What’s Driving the Move?
• Positive Sentiment: SpaceX exceeded quarterly earnings expectations, reporting revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss. Investors and Morgan Stanley remain optimistic, with a $300 price target and expectations that Starship, Starlink and AI could support significant long-term growth.
• Positive Sentiment: The successful recovery of a Starship vehicle and preparations for a Falcon Heavy launch of NASA’s Roman Space Telescope provide evidence of progress in reusable launch operations and near-term contract activity. SpaceX recovers Starship from the Indian Ocean
• Neutral Sentiment: SpaceX plans a roughly $100 billion Louisiana spaceport to expand Starship capacity. The project could materially increase future revenue, but details on financing, construction and regulatory approvals remain limited. SpaceX’s $100 billion spaceport plan has investors asking where all the money is coming from
• Negative Sentiment: The Louisiana buildout may require substantial new debt, raising leverage and dilution concerns. SpaceX is also hiring for natural-gas trading and planning power infrastructure, highlighting the potentially heavy cost of its AI-computing ambitions.
• Negative Sentiment: Reports that SpaceX’s Cursor AI tool was used in cyberattacks across multiple companies create reputational, legal and cybersecurity risks. Russian-speaking cybercriminals used SpaceX’s Cursor AI tool
• Negative Sentiment: Valuation remains a concern: analysts warn that bullish projections—including Elon Musk’s $3.5 trillion revenue target for 2033—depend on successful execution. Competition from other AI IPOs and regulatory disputes involving a Rocket Lab-Iridium transaction add further uncertainty.

SpaceX Stock Performance

Shares of SpaceX stock opened at $141.50 on Friday. The firm has a market capitalization of $1.85 trillion and a PE ratio of -1,572.22. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a 50 day moving average price of $137.10. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The company’s revenue for the quarter was up 91.9% compared to the same quarter last year. Research analysts forecast that SpaceX will post -0.15 EPS for the current year.

SpaceX 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.