Carter Financial Group INC. Buys Shares of 7,809 SpaceX $SPCX

Carter Financial Group INC. bought a new position in shares of SpaceX (NASDAQ:SPCX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,809 shares of the company’s stock, valued at approximately $1,334,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter valued at about $29,000. Marquette Asset Management LLC bought a new position in SpaceX during the 2nd quarter worth approximately $32,000. Smallwood Wealth Investment Management LLC acquired a new position in SpaceX during the second quarter valued at approximately $62,000. Burkett Financial Services LLC bought a new stake in SpaceX in the second quarter valued at approximately $70,000. Finally, Orion Capital Management LLC acquired a new stake in SpaceX in the second quarter worth $70,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPCX. Oppenheimer boosted their price target on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday. Phillip Securities raised SpaceX to a “strong sell” rating in a research note on Friday, July 31st. Zacks Research raised SpaceX to a “hold” rating in a research report on Monday, June 15th. Cfra assumed coverage on SpaceX in a report on Friday, June 12th. They set a “sell” rating and a $115.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $221.20.

Key Stories Impacting 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 Down 1.1%

NASDAQ SPCX opened at $140.71 on Thursday. The firm has a 50 day simple moving average of $136.33. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.84 trillion and a P/E ratio of -1,563.44. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The firm’s revenue was up 91.9% on a year-over-year basis. As a group, sell-side analysts expect that SpaceX will post -0.15 EPS for the current year.

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.