Rep. Daniel Meuser Buys SpaceX (NASDAQ:SPCX) Stock

Key Points

• Rep. Daniel Meuser disclosed buying SpaceX shares on June 15, with the purchase valued between $15,001 and $50,000 in his Schwab brokerage account.
• SpaceX recently reported Q1 earnings of -$1.27 per share on $4.69 billion in revenue, highlighting continued losses despite strong sales growth.
• Wall Street remains mixed but generally constructive, with a Moderate Buy consensus and a $205.12 average price target, even as some analysts and commentators warn the stock’s valuation may be stretched.

Representative Daniel Meuser (Republican-Pennsylvania) recently bought shares of SpaceX NASDAQ: SPCX. In a filing disclosed on July 02nd, the Representative disclosed that they had bought between $15,001 and $50,000 in SpaceX stock on June 15th. The trade occurred in the Representative's "SCHWAB DM BROKERAGE ACCOUNT" account.

Representative Daniel Meuser also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 5/27/2026.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/24/2026.

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $162.00 on Friday. SpaceX has a 1-year low of $147.11 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share (EPS) for the quarter. The business had revenue of $4.69 billion during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded SpaceX to a "sell" rating in a report on Saturday, June 20th. Cfra assumed coverage on SpaceX in a research report on Friday, June 12th. They set a "sell" rating and a $115.00 price target for the company. Susquehanna assumed coverage on shares of SpaceX in a research note on Tuesday, June 23rd. They set a "neutral" rating and a $170.00 price target for the company. Daiwa Securities Group began coverage on shares of SpaceX in a research report on Thursday. They issued a "neutral" rating and a $175.00 price objective on the stock. Finally, Wells Fargo & Company upgraded shares of SpaceX to an "overweight" rating in a report on Monday, June 22nd. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in SpaceX stock. Burkett Financial Services LLC purchased a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 411 shares of the company's stock, valued at approximately $70,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is set to join the Nasdaq-100 on July 7, which could trigger index-fund buying and support demand for the stock. SpaceX Stock Is Joining the Nasdaq 100 Soon. What History Says Happens Next.
• Positive Sentiment: Analysts continue to point to upside for SpaceX, with new coverage and price targets suggesting the stock may still have room to run if growth accelerates. SpaceX Stock Price Forecast — Analysts See 30% Upside Ahead
• Positive Sentiment: Reports that SpaceX could disrupt telecom through Starlink, plus FCC moves to speed satellite licensing reviews, support the bullish case for faster commercialization. FCC Moves to Speed Satellite License Reviews, Boosting SpaceX and Rival Broadband Networks
• Neutral Sentiment: Congressional stock purchases in SpaceX are drawing attention and may increase trading interest, but the signal is more about scrutiny than fundamentals. First known congressional SpaceX stock buys surface after record IPO
• Negative Sentiment: Multiple articles warn that SpaceX’s valuation remains stretched, with critics calling it “catastrophic” and saying the stock could be vulnerable if growth does not quickly justify the price. SpaceX Stock Falls After Firm Calls Valuation ‘Catastrophic'
• Negative Sentiment: Short interest is rising sharply, showing that many traders are betting the post-IPO excitement will fade and that the stock may face more downside volatility. SpaceX Stock Price Forecast — Why Traders Are Shorting Despite a $760M Loss
• Negative Sentiment: Elon Musk denied reports that SpaceX is developing an AI handset, removing a speculative catalyst and adding to investor caution around the stock’s recent jump. SpaceX Stock (SPCX) Craters 7% as Musk Calls WSJ Al Device Report “Utterly False”

About Representative Meuser

Dan Meuser (Republican Party) is a member of the U.S. House, representing Pennsylvania's 9th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Meuser (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 9th Congressional District. He declared candidacy for the 2026 election. On October 22, 2023, Meuser announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. On October 23, Meuser withdrew from the race. Prior to joining Congress, Meuser served as the head of the Pennsylvania Department of Revenue from 2011 to 2015 under Gov. Tom Corbett (R). He also worked as the President of Pride Mobility Corporation, a motorized wheelchair manufacturer.

SpaceX Company 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.

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