37,401 Shares in SpaceX $SPCX Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC bought a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 37,401 shares of the company's stock, valued at approximately $6,390,000.

Several other institutional investors have also recently made changes to their positions in the stock. K5 Global Advisor LLC bought a new position in shares of SpaceX in the second quarter worth $6,587,531,000. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX during the 2nd quarter valued at $201,137,000. Bond Capital Management LP purchased a new stake in SpaceX during the 2nd quarter worth about $180,620,000. Value Aligned Research Advisors LLC bought a new position in SpaceX in the 2nd quarter worth about $100,760,000. Finally, Tema ETFs LLC purchased a new position in SpaceX during the 2nd quarter valued at about $32,037,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX CFO Bret Johnsen disclosed a new AI-computing agreement worth approximately $1.11 billion per month, or more than $13 billion in annual recurring revenue, beginning December 1. The contract strengthens management’s case for reaching its $100 billion annual recurring-revenue target. SpaceX Closes $1.11 Billion-a-Month Compute Deal
• Positive Sentiment: Management expects Starship Flight 14 to generate revenue for the first time later this month, with the mission carrying production Starlink satellites. A successful revenue flight would mark progress from demonstrations toward a commercial launch business. Starship Revenue Flight 14
• Positive Sentiment: Goldman Sachs reaffirmed a Buy rating and $220 price target, citing accelerating AI, Starship and Starlink growth. William Blair also maintained a bullish view tied to multibillion-dollar SpaceX AI contracts. Goldman Sachs Reaffirms Buy Rating
• Positive Sentiment: Britain’s confirmation that it uses SpaceX’s military satellite network, alongside a reported Starshield contract and a successful Space Force launch, supports demand for the company’s government and defense services. Britain Uses SpaceX Military Network
• Neutral Sentiment: SpaceX is reportedly reconsidering the pace and structure of its AI data-center buildout. A more efficient strategy could improve returns, but slower expansion could delay projected AI revenue growth. SpaceX Data-Center Buildout Report
• Negative Sentiment: A 319-million-share lockup release has increased potential selling pressure, with additional shares reportedly scheduled to become tradable. SpaceX Lockup Release
• Negative Sentiment: Some analysts and commentators warn that SpaceX’s valuation—reported at roughly 98 times sales—leaves little room for execution errors. Isar Aerospace’s successful orbital launch also highlights rising European competition. Isar Aerospace Reaches Orbit
• Negative Sentiment: SpaceX’s lawsuit seeking to keep Texas Terafab tax-break records private may create reputational and regulatory concerns around its AI infrastructure expansion. SpaceX Terafab Records Lawsuit

SpaceX Trading Up 2.0%

Shares of SPCX opened at $151.21 on Friday. The company has a market cap of $1.98 trillion and a P/E ratio of -1,680.11. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The firm's 50-day simple moving average is $134.79. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The company's revenue was up 91.9% compared to the same quarter last year. As a group, analysts predict that SpaceX will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPCX shares. TD Cowen assumed coverage on SpaceX in a research report on Monday, June 22nd. They set a "buy" rating on the stock. Benchmark assumed coverage on shares of SpaceX in a research note on Monday, June 22nd. They set a "buy" rating for the company. JPMorgan Chase & Co. began coverage on shares of SpaceX in a report on Tuesday, July 7th. They set an "overweight" rating and a $225.00 target price on the stock. Wall Street Zen upgraded shares of SpaceX from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Mizuho initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 price target for the company. Two equities 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 given a Sell rating to the company. Based on data from MarketBeat, SpaceX presently has an average rating of "Moderate Buy" and an average target price of $221.06.

SpaceX Profile

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.

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