World Equity Group Inc. Purchases New Shares in SpaceX $SPCX

World Equity Group Inc. purchased a new position in shares of SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,544 shares of the company’s stock, valued at approximately $776,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in SpaceX in the 2nd quarter valued at about $29,000. Burkett Financial Services LLC purchased a new stake in shares of SpaceX during the second quarter worth about $70,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SpaceX during the second quarter worth about $89,000. Beaird Harris Wealth Management LLC acquired a new position in shares of SpaceX in the second quarter worth about $120,000. Finally, Dogwood Wealth Management LLC purchased a new position in SpaceX in the second quarter valued at about $139,000.

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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPCX. Clear Str upgraded SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Benchmark started coverage on SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of SpaceX in a research note on Wednesday, August 5th. Moffett Nathanson initiated coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 price target for the company. Finally, Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.31.

SpaceX Stock Performance

NASDAQ:SPCX opened at $133.11 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a one year low of $104.83 and a one year high of $225.64. The stock has a 50-day moving average price of $143.35.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data 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 for the quarter. The business’s revenue was up 91.9% on a year-over-year basis. Equities research analysts predict that SpaceX will post -0.11 earnings per share for the current fiscal year.

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.