3,567 Shares in SpaceX $SPCX Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust acquired a new position in SpaceX (NASDAQ:SPCX) during the second quarter, Holdings Channel.com reports. The firm acquired 3,567 shares of the company’s stock, valued at approximately $609,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Syntax Research Inc. acquired a new stake in shares of SpaceX during the second quarter valued at about $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX in the second quarter worth about $29,000. PayPay Securities Corp purchased a new position in SpaceX in the second quarter valued at about $30,000. Marquette Asset Management LLC acquired a new stake in SpaceX during the 2nd quarter valued at approximately $32,000. Finally, POM Investment Strategies LLC acquired a new stake in SpaceX during the 2nd quarter valued at approximately $39,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: New Buy rating and $220 target: Pivotal Research initiated coverage with a Buy rating and a $220 price target, implying substantial upside. The firm’s thesis depends heavily on SpaceX successfully developing a reusable Starship system, which could expand launch capacity and support Starlink growth. CNBC analyst coverage article
• Positive Sentiment: Possible $15.5 billion of passive demand: JPMorgan estimates a Nasdaq-100 rebalance could significantly increase SpaceX’s index weighting, potentially forcing roughly $15.5 billion of buying from passive funds. This prospect is supporting sentiment despite the stock’s recent volatility. Benzinga Nasdaq rebalance article
• Positive Sentiment: Strong operating momentum: SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat the consensus earnings estimate. Analysts also point to Starlink’s potential to address a large terrestrial and wireless connectivity market. Seeking Alpha analyst outlook
• Neutral Sentiment: Share unlocks have not yet triggered major selling: SpaceX has absorbed two prior insider share unlocks relatively well, but approximately 319 million additional shares are scheduled to become eligible for sale on September 9. The market is watching whether this third unlock produces heavier supply. Benzinga share unlock article
• Negative Sentiment: Execution and valuation risks remain high: Analysts say the bull case rests “almost entirely” on Starship reusability. Failure to scale the rocket could materially reduce SpaceX’s future growth prospects, while its roughly $2 trillion valuation appears aggressive relative to projected 2026 revenue. MarketWatch Starship analysis
• Negative Sentiment: Competitive and capital-spending pressure: The Exploration Company raised $450 million to challenge SpaceX, while SpaceX is expected to face a significant 2027 capital-expenditure increase. These factors could pressure returns if Starship and other new initiatives require substantial funding before generating cash flow. TechCrunch competitor funding article

SpaceX Stock Performance

Shares of NASDAQ SPCX opened at $153.47 on Wednesday. The firm has a 50 day moving average price of $135.48. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a market cap of $2.01 trillion and a PE ratio of -1,705.22. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The firm’s revenue was up 91.9% compared to the same quarter last year. On average, analysts predict that SpaceX will post -0.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Moffett Nathanson initiated coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 target price for the company. DZ Bank initiated coverage on SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 price target for the company. Stifel Nicolaus initiated coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. Clear Str raised SpaceX to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, HSBC began coverage on SpaceX in a research report on Thursday, July 23rd. They issued a “hold” rating and a $115.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and a consensus price target 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.