IPG Investment Advisors LLC Makes New $1.98 Million Investment in SpaceX $SPCX

IPG Investment Advisors LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 11,561 shares of the company’s stock, valued at approximately $1,975,000.

A number of other hedge funds have also modified their holdings of SPCX. KERR FINANCIAL PLANNING Corp bought a new position in SpaceX during the 2nd quarter worth approximately $566,000. Burkett Financial Services LLC acquired a new stake in SpaceX in the second quarter worth $70,000. Dogwood Wealth Management LLC bought a new position in shares of SpaceX during the second quarter worth $139,000. Dynamic Advisor Solutions LLC bought a new position in shares of SpaceX during the second quarter worth $3,383,000. Finally, Apella Capital LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at $452,000.

SpaceX Trading Down 3.9%

Shares of NASDAQ SPCX opened at $147.55 on Thursday. The business has a fifty day moving average of $135.28. The firm has a market cap of $1.93 trillion and a price-to-earnings ratio of -1,639.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The business’s quarterly revenue was up 91.9% on a year-over-year basis. Equities research analysts forecast that SpaceX will post -0.15 EPS for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Pivotal Research initiated coverage with a Buy rating and a $220 price target, citing potential upside from Starlink’s expansion into wireless and terrestrial communications if SpaceX can achieve reusable Starship operations. Why SpaceX Stock Is Rising Today and What Wall Street Expects Next
• Positive Sentiment: Investors continue to see potential catalysts from SpaceX’s non-space businesses, including Starlink, AI infrastructure and wireless services. JPMorgan also estimated that a Nasdaq-100 rebalancing could produce approximately $15.5 billion in passive buying. SpaceX Could Draw $15.5B in Passive Buying as Nasdaq Rebalance Looms
• Positive Sentiment: Recent operating momentum remains supportive: SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and exceeded the consensus EPS estimate. Partnerships involving OpenAI, Cloudflare and orbital semiconductor manufacturing also reinforce the company’s broader technology strategy.
• Neutral Sentiment: SpaceX’s investment case is increasingly tied to AI data centers and other businesses beyond launch services. Analysts argue these divisions must continue performing strongly to justify the company’s exceptionally high valuation. SpaceX Stock Is Still Below Its Opening Price
• Negative Sentiment: Up to 319 million insider shares, valued at roughly $47 billion to $49 billion, became eligible for sale under the latest lock-up expiration. The potential increase in tradable supply is creating substantial selling pressure, with additional unlocks still ahead. SpaceX Falls More Than 4% as 319 Million Shares Unlock
• Negative Sentiment: SpaceX also faces execution concerns in rapidly building AI data centers. Some facilities reportedly operated without backup power for months, and the company faces a $920 million deadline to address related requirements. SpaceX AI Data Center Deadline

Analysts Set New Price Targets

Several brokerages recently commented on SPCX. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Phillip Securities raised SpaceX to a “strong sell” rating in a research note on Friday, July 31st. KGI Securities downgraded SpaceX from an “outperform” rating to a “hold” rating in a report on Monday, June 22nd. Cfra began coverage on SpaceX in a research report on Friday, June 12th. They set a “sell” rating and a $115.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of SpaceX in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $221.06.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.