Ebert Capital Management Inc. Invests $647,000 in SpaceX $SPCX

Ebert Capital Management Inc. acquired a new stake in shares of SpaceX (NASDAQ:SPCX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,784 shares of the company’s stock, valued at approximately $647,000. SpaceX makes up about 0.6% of Ebert Capital Management Inc.’s investment portfolio, making the stock its 21st largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC acquired a new stake in shares of SpaceX during the 2nd quarter valued at $70,000. Dogwood Wealth Management LLC acquired a new position in shares of SpaceX in the second quarter worth $139,000. Elevation Wealth Partners LLC purchased a new stake in shares of SpaceX during the second quarter worth $153,000. Wynn Capital LLC acquired a new stake in SpaceX during the second quarter valued at $205,000. Finally, Apella Capital LLC acquired a new stake in SpaceX during the second quarter valued at $452,000.

SpaceX Stock Up 15.8%

Shares of SPCX stock opened at $133.11 on Friday. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The business’s fifty day moving average is $143.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last issued 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 company had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, analysts anticipate that SpaceX will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on SPCX. Raymond James Financial downgraded SpaceX from a “strong-buy” rating to an “underperform” rating in a report on Friday. Royal Bank Of Canada downgraded shares of SpaceX from an “outperform” rating to a “hold” rating in a research report on Friday. KGI Securities lowered shares of SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. Evercore initiated coverage on shares of SpaceX in a research note on Tuesday, July 14th. They issued an “outperform” rating and a $230.00 price objective for the company. Finally, Seaport Research Partners cut shares of SpaceX from a “buy” rating to a “neutral” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and an average price target of $227.31.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Lockup pressure was less severe than feared. Approximately 911.5 million shares became eligible for trading, more than doubling SpaceX’s public float. However, the stock remained resilient, suggesting that selling may have been largely anticipated and that existing shareholders and retail investors were willing to support the shares. SpaceX’s stock is having one of its best days ever with the first lockup expiration now behind it
• Positive Sentiment: Analysts turned more constructive. Argus upgraded SpaceX to Buy and set a $160 price target, citing accelerating AI revenue, cloud contracts and a potential payback period of less than one year for new AI spending. JPMorgan also raised its target, reinforcing the bullish view on SpaceX’s compute opportunity. SpaceX Stock Just Scored a New Buy Rating
• Positive Sentiment: Quarterly growth remains impressive. SpaceX reported revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss of $0.09 per share. Reports also highlighted $20.8 billion of combined AI cloud contracts, $2.56 billion in AI revenue and continued profitability at Starlink. SpaceX Signed $14.1 Billion of Cloud Contracts in a Single Quarter
• Positive Sentiment: AI infrastructure plans are expanding. SpaceX’s partnership with Nvidia to deploy next-generation hardware in terrestrial and orbital data centers, along with the planned $16.8 billion Terafab chip factory with Tesla, strengthens the company’s long-term AI and compute narrative. SpaceX’s Terafab will rely on natural gas power plants
• Neutral Sentiment: Speculation about a SpaceX-Tesla merger or tracking-stock structure added attention but remains unconfirmed. Jefferies characterized the possibility as uncertain rather than an immediate catalyst. Jefferies weighs in on SpaceX-Tesla merger speculation
• Negative Sentiment: Risks remain substantial. SpaceX is committing roughly $15.8 billion of quarterly capital spending to AI and remains GAAP-loss-making. Additional staged unlocks through December could create further supply, while concerns about contract cancellations, valuation and the execution of Starlink Mobile continue to limit investor conviction.

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.