Wealthcare Advisory Partners LLC Invests $1.64 Million in SpaceX $SPCX

Key Points

• Wealthcare Advisory Partners bought 9,577 SpaceX shares worth approximately $1.64 million in the second quarter, joining several other institutions that established new positions.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and loss per share of $0.09, beating analyst expectations. Growth prospects include expanding Starlink operations and a potentially significant AI-compute business.
• Despite a “Moderate Buy” consensus and $229 average price target, the stock faces substantial risks, including heavy cash consumption, costly AI infrastructure investments, valuation uncertainty, a potential August 21 share unlock and recent retail-investor selling.

Wealthcare Advisory Partners LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,577 shares of the company's stock, valued at approximately $1,636,000.

Several other institutional investors have also added to or reduced their stakes in SPCX. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth $29,000. Burkett Financial Services LLC bought a new stake in SpaceX in the 2nd quarter worth about $70,000. Contravisory Investment Management Inc. purchased a new position in SpaceX in the 2nd quarter worth about $73,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SpaceX during the 2nd quarter valued at about $89,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of SpaceX during the 2nd quarter valued at about $120,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: CEO Elon Musk disclosed a 48.4% ownership stake as of June 30, worth more than $900 billion at current market values. The large holding may reinforce alignment between Musk and shareholders. Musk discloses 48.4% stake in SpaceX
• Positive Sentiment: Musk said AI-compute revenue could exceed revenue from rockets and Starlink as soon as September. Reports that SpaceX has 1.4 gigawatts of capacity online, is targeting 10 gigawatts next year and has major Anthropic and Google Cloud commitments have strengthened the growth narrative. SpaceX AI capacity expansion
• Positive Sentiment: SpaceX’s first public quarterly report showed revenue rising 91.9% year over year to $7.81 billion, while its quarterly loss was narrower than expected. Continued Starlink expansion, including new orders opening in Vietnam, adds to the company’s operating momentum. Starlink starts taking orders in Vietnam
• Neutral Sentiment: Norway’s sovereign wealth fund disclosed a roughly $1.2 billion SpaceX position, offering evidence of institutional interest, although the filing does not indicate whether the fund is adding or reducing exposure. Norway fund discloses SpaceX stake
• Negative Sentiment: Retail investors broke an almost eight-week buying streak on August 7, suggesting profit-taking after the post-IPO rebound and potentially reducing an important source of demand. SpaceX’s Most Loyal Buyers Blinked
• Negative Sentiment: Bearish analysts cite roughly $25 billion of free-cash-flow consumption in six months, substantial AI infrastructure spending, customer concentration and reliance on Musk. Analyst targets reportedly range from $140 to $450, highlighting major valuation uncertainty. SpaceX analyst disagreement
• Negative Sentiment: A further insider share unlock expected on August 21 could create additional selling pressure, while Texas has frozen broadband grants amid scrutiny of alleged favoritism involving satellite providers, including Starlink.

SpaceX Stock Down 3.3%

Shares of SPCX opened at $141.29 on Friday. The stock has a 50-day moving average of $143.04. 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 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market capitalization of $1.85 trillion and a PE ratio of -1,569.89.

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, beating analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business's revenue was up 91.9% compared to the same quarter last year. On average, equities analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Roth Capital raised shares of SpaceX to a "buy" rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a "buy" rating and a $255.00 target price for the company. Zacks Research raised SpaceX to a "hold" rating in a report on Monday, June 15th. UBS Group restated a "buy" rating on shares of SpaceX in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group began coverage on SpaceX in a report on Tuesday, July 7th. They issued a "buy" rating and a $205.00 price objective for the company. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $229.00.

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.

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