Van Hulzen Asset Management LLC Invests $1.64 Million in SpaceX $SPCX

Van Hulzen Asset Management LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,613 shares of the company’s stock, valued at approximately $1,642,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPCX. Syntax Research Inc. purchased a new stake in shares of SpaceX during the 2nd quarter worth about $26,000. Atwood & Palmer Inc. acquired a new stake in SpaceX in the 2nd quarter worth about $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX during the second quarter valued at approximately $30,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX in the second quarter valued at approximately $32,000. Finally, Community Bank N.A. acquired a new stake in shares of SpaceX in the second quarter worth approximately $38,000.

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 Trading Down 3.9%

Shares of NASDAQ:SPCX opened at $147.55 on Thursday. The firm has a market cap of $1.93 trillion and a P/E ratio of -1,639.44. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The business’s 50-day simple moving average is $135.28. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPCX. Wedbush initiated coverage on shares of SpaceX in a research note on Tuesday, June 30th. They set an “outperform” rating and a $190.00 target price on the stock. Cfra initiated coverage on shares of SpaceX in a research report on Friday, June 12th. They set a “sell” rating and a $115.00 price target on the stock. Zacks Research upgraded shares of SpaceX to a “hold” rating in a report on Monday, June 15th. Arete Research set a $450.00 target price on SpaceX in a report on Tuesday, August 11th. Finally, Evercore started coverage on SpaceX in a research report on Tuesday, July 14th. They set an “outperform” rating and a $230.00 price objective on the stock. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $221.06.

About SpaceX

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.