Nwam LLC Makes New Investment in SpaceX $SPCX

Nwam LLC acquired a new stake in shares of SpaceX (NASDAQ:SPCX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,673 shares of the company’s stock, valued at approximately $798,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Atwood & Palmer Inc. bought a new stake in SpaceX during the 2nd quarter worth approximately $29,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX during the second quarter valued at approximately $32,000. Burkett Financial Services LLC bought a new stake in SpaceX during the second quarter worth $70,000. Contravisory Investment Management Inc. purchased a new stake in SpaceX in the 2nd quarter valued at $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in SpaceX during the 2nd quarter valued at $89,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports 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. The Goldman Sachs Group started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $205.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $225.00 price objective for the company. Piper Sandler decreased their price objective on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Roth Capital raised shares of SpaceX to a “buy” rating in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.20.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts see substantial AI upside. Oppenheimer raised its price target to $280 from $250, citing faster-than-expected AI usage, improving computing economics and rapidly expanding infrastructure. Bernstein set a $248 target and expects AI revenue could nearly quintuple in 2027. Oppenheimer SpaceX price target article
• Positive Sentiment: Compute demand is creating a new revenue stream. Google and Anthropic reportedly turned to SpaceX for AI computing because electricity and data-center capacity are constrained. The company is building its own power supplies and reportedly securing significant payments from large technology customers. SpaceX AI compute demand article
• Positive Sentiment: Defense adoption strengthens the strategic narrative. The Pentagon’s authorization of Starshield AI’s Grok for government use supports SpaceX’s positioning in secure, software-driven defense and orbital computing. Pentagon Grok rollout article
• Positive Sentiment: Recent operating momentum supports the bullish case. Revenue rose 91.9% year over year in the latest quarter, while Starlink’s connectivity business generated approximately $1.66 billion in operating profit. Plans to manufacture gas turbines could also help address the power bottleneck limiting AI expansion. SpaceX Starlink profitability article
• Neutral Sentiment: A scheduled SpaceX rocket launch visible across parts of California and Arizona may generate publicity, but it is unlikely to materially change valuation or near-term earnings. SpaceX California launch article
• Negative Sentiment: AI execution problems are the clearest near-term risk. SpaceX reportedly reshuffled its data-center leadership after reliability issues at Tennessee and Mississippi facilities, with a Sept. 30 deadline approaching for Google’s reported $920 million-per-month computing agreement. Delays could threaten revenue expectations and customer confidence. SpaceX data-center team changes article
• Negative Sentiment: Investors remain concerned that AI and space operations are consuming enormous capital while producing losses. The AI unit reportedly accounted for most quarterly capital spending, and the company’s valuation leaves little room for disappointment. Dependence on Elon Musk also creates key-person and governance risk. SpaceX key-person risk article

SpaceX Stock Performance

NASDAQ SPCX opened at $140.71 on Thursday. The stock has a market capitalization of $1.84 trillion and a P/E ratio of -1,563.44. 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 52-week low of $104.83 and a 52-week high of $225.64. The stock’s 50-day moving average is $136.33.

SpaceX (NASDAQ:SPCX) last released its 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 business’s revenue was up 91.9% compared to the same quarter last year. As a group, analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.

SpaceX 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.