Carter Financial Group INC. Makes New Investment in SpaceX $SPCX

Carter Financial Group INC. bought a new stake in shares of SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 7,809 shares of the company’s stock, valued at approximately $1,334,000.

Several other institutional investors have also bought and sold shares of SPCX. Atwood & Palmer Inc. bought a new position in SpaceX during the 2nd quarter valued at about $29,000. Marquette Asset Management LLC bought a new stake in SpaceX during the second quarter worth about $32,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of SpaceX during the second quarter worth approximately $62,000. Burkett Financial Services LLC bought a new stake in SpaceX during the 2nd quarter worth approximately $70,000. Finally, Orion Capital Management LLC acquired a new stake in SpaceX during the 2nd quarter valued at $70,000.

SpaceX Trading Down 1.1%

Shares of NASDAQ SPCX opened at $140.71 on Thursday. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The company 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 company has a market cap of $1.84 trillion and a price-to-earnings ratio of -1,563.44.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPCX. Cantor Fitzgerald reissued an “overweight” rating and issued a $246.00 price objective on shares of SpaceX in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $255.00 price target for the company. Benchmark initiated coverage on shares of SpaceX in a research report on Monday, June 22nd. They set a “buy” rating on the stock. Wall Street Zen raised shares of SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Arete Research set a $450.00 price objective on shares of SpaceX in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and a consensus target price of $221.20.

Key SpaceX News

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

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.