World Equity Group Inc. Makes New Investment in SpaceX $SPCX

World Equity Group Inc. acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,544 shares of the company’s stock, valued at approximately $776,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in SpaceX during the second quarter worth about $29,000. Burkett Financial Services LLC acquired a new stake in SpaceX in the 2nd quarter worth about $70,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SpaceX in the 2nd quarter valued at about $89,000. Beaird Harris Wealth Management LLC acquired a new position in shares of SpaceX during the 2nd quarter valued at about $120,000. Finally, Dogwood Wealth Management LLC acquired a new position in shares of SpaceX during the 2nd quarter valued at about $139,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $205.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of SpaceX in a research report on Wednesday, August 5th. Wells Fargo & Company cut their price target on shares of SpaceX from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note on Wednesday. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday. Finally, Seaport Research Partners cut shares of SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $227.31.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Lockup pressure was less severe than feared. Approximately 911.5 million shares became eligible for trading, more than doubling SpaceX’s public float. However, the stock remained resilient, suggesting that selling may have been largely anticipated and that existing shareholders and retail investors were willing to support the shares. SpaceX’s stock is having one of its best days ever with the first lockup expiration now behind it
• Positive Sentiment: Analysts turned more constructive. Argus upgraded SpaceX to Buy and set a $160 price target, citing accelerating AI revenue, cloud contracts and a potential payback period of less than one year for new AI spending. JPMorgan also raised its target, reinforcing the bullish view on SpaceX’s compute opportunity. SpaceX Stock Just Scored a New Buy Rating
• Positive Sentiment: Quarterly growth remains impressive. SpaceX reported revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss of $0.09 per share. Reports also highlighted $20.8 billion of combined AI cloud contracts, $2.56 billion in AI revenue and continued profitability at Starlink. SpaceX Signed $14.1 Billion of Cloud Contracts in a Single Quarter
• Positive Sentiment: AI infrastructure plans are expanding. SpaceX’s partnership with Nvidia to deploy next-generation hardware in terrestrial and orbital data centers, along with the planned $16.8 billion Terafab chip factory with Tesla, strengthens the company’s long-term AI and compute narrative. SpaceX’s Terafab will rely on natural gas power plants
• Neutral Sentiment: Speculation about a SpaceX-Tesla merger or tracking-stock structure added attention but remains unconfirmed. Jefferies characterized the possibility as uncertain rather than an immediate catalyst. Jefferies weighs in on SpaceX-Tesla merger speculation
• Negative Sentiment: Risks remain substantial. SpaceX is committing roughly $15.8 billion of quarterly capital spending to AI and remains GAAP-loss-making. Additional staged unlocks through December could create further supply, while concerns about contract cancellations, valuation and the execution of Starlink Mobile continue to limit investor conviction.

SpaceX Stock Performance

Shares of SPCX opened at $133.11 on Monday. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock’s 50-day moving average is $143.35. 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 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 company had revenue of $7.81 billion during the quarter. The firm’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, equities analysts forecast that SpaceX will post -0.11 EPS for the current year.

SpaceX 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.