Van Hulzen Asset Management LLC Buys New Shares in SpaceX $SPCX

Van Hulzen Asset Management LLC purchased a new stake in SpaceX (NASDAQ:SPCX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,613 shares of the company’s stock, valued at approximately $1,642,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dragoneer Investment Group LLC purchased a new stake in shares of SpaceX during the 2nd quarter worth $1,366,880,000. IPG Investment Advisors LLC acquired a new stake in SpaceX in the second quarter valued at $1,975,000. MCF Advisors LLC purchased a new stake in SpaceX during the 2nd quarter worth about $428,000. Archford Capital Strategies LLC purchased a new position in shares of SpaceX in the 2nd quarter valued at about $553,000. Finally, Gemmer Asset Management LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth about $232,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Pivotal Research initiated coverage with a Buy rating and a $220 price target, citing potential upside from Starlink’s expansion into wireless and terrestrial communications if SpaceX can achieve reusable Starship operations. Why SpaceX Stock Is Rising Today and What Wall Street Expects Next
• Positive Sentiment: Investors continue to see potential catalysts from SpaceX’s non-space businesses, including Starlink, AI infrastructure and wireless services. JPMorgan also estimated that a Nasdaq-100 rebalancing could produce approximately $15.5 billion in passive buying. SpaceX Could Draw $15.5B in Passive Buying as Nasdaq Rebalance Looms
• Positive Sentiment: Recent operating momentum remains supportive: SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and exceeded the consensus EPS estimate. Partnerships involving OpenAI, Cloudflare and orbital semiconductor manufacturing also reinforce the company’s broader technology strategy.
• Neutral Sentiment: SpaceX’s investment case is increasingly tied to AI data centers and other businesses beyond launch services. Analysts argue these divisions must continue performing strongly to justify the company’s exceptionally high valuation. SpaceX Stock Is Still Below Its Opening Price
• Negative Sentiment: Up to 319 million insider shares, valued at roughly $47 billion to $49 billion, became eligible for sale under the latest lock-up expiration. The potential increase in tradable supply is creating substantial selling pressure, with additional unlocks still ahead. SpaceX Falls More Than 4% as 319 Million Shares Unlock
• Negative Sentiment: SpaceX also faces execution concerns in rapidly building AI data centers. Some facilities reportedly operated without backup power for months, and the company faces a $920 million deadline to address related requirements. SpaceX AI Data Center Deadline

SpaceX Stock Down 3.9%

NASDAQ SPCX opened at $147.55 on Thursday. The stock has a market capitalization of $1.93 trillion and a price-to-earnings ratio of -1,639.44. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The business’s 50-day moving average is $135.28. 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 (NASDAQ:SPCX) 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 firm had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, analysts anticipate that SpaceX will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of SpaceX in a research report on Wednesday, August 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SpaceX in a research note on Monday, August 31st. Bank of America initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. Royal Bank Of Canada lowered SpaceX from an “outperform” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Clear Str upgraded SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.06.

SpaceX Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.