Wedbush Securities Inc. Makes New Investment in SpaceX $SPCX

Wedbush Securities Inc. purchased a new stake in SpaceX (NASDAQ:SPCX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,813 shares of the company’s stock, valued at approximately $5,094,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hyperion Asset Management Ltd acquired a new stake in SpaceX in the second quarter valued at approximately $201,137,000. Assenagon Asset Management S.A. bought a new position in shares of SpaceX in the 2nd quarter valued at $2,502,000. Sage Capital Advisors llc bought a new position in shares of SpaceX in the 2nd quarter valued at $3,254,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of SpaceX during the 2nd quarter valued at $3,383,000. Finally, Canvas Wealth Advisors LLC bought a new stake in SpaceX during the 2nd quarter worth $2,598,000.

SpaceX Stock Up 0.4%

Shares of NASDAQ:SPCX opened at $141.50 on Friday. The company has a market cap of $1.85 trillion and a price-to-earnings ratio of -1,572.22. 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 has a 12-month low of $104.83 and a 12-month high of $225.64. The stock’s fifty day moving average is $137.10.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) 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 business’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, equities research analysts expect that SpaceX will post -0.15 EPS for the current year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s growing relationship with Nvidia is a major bullish catalyst. Nvidia reportedly disclosed roughly a $21 billion investment in SpaceX, while analysts estimate SpaceX could account for approximately $4.8 billion—or about 5%—of Nvidia’s quarterly revenue through purchases of advanced AI chips. This supports the view that SpaceX is becoming a large AI-computing customer, potentially operating as an emerging hyperscaler with as much as 8 gigawatts of capacity planned. Nvidia’s revenue forecast is so huge that Wall Street wonders if SpaceX is the reason
• Positive Sentiment: Starlink won a 10-year license to provide satellite broadband services in the United Arab Emirates, expanding its international commercial footprint and recurring-revenue opportunity. SpaceX Stock Is Rising Today — What’s Driving the Move?
• Positive Sentiment: SpaceX exceeded quarterly earnings expectations, reporting revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss. Investors and Morgan Stanley remain optimistic, with a $300 price target and expectations that Starship, Starlink and AI could support significant long-term growth.
• Positive Sentiment: The successful recovery of a Starship vehicle and preparations for a Falcon Heavy launch of NASA’s Roman Space Telescope provide evidence of progress in reusable launch operations and near-term contract activity. SpaceX recovers Starship from the Indian Ocean
• Neutral Sentiment: SpaceX plans a roughly $100 billion Louisiana spaceport to expand Starship capacity. The project could materially increase future revenue, but details on financing, construction and regulatory approvals remain limited. SpaceX’s $100 billion spaceport plan has investors asking where all the money is coming from
• Negative Sentiment: The Louisiana buildout may require substantial new debt, raising leverage and dilution concerns. SpaceX is also hiring for natural-gas trading and planning power infrastructure, highlighting the potentially heavy cost of its AI-computing ambitions.
• Negative Sentiment: Reports that SpaceX’s Cursor AI tool was used in cyberattacks across multiple companies create reputational, legal and cybersecurity risks. Russian-speaking cybercriminals used SpaceX’s Cursor AI tool
• Negative Sentiment: Valuation remains a concern: analysts warn that bullish projections—including Elon Musk’s $3.5 trillion revenue target for 2033—depend on successful execution. Competition from other AI IPOs and regulatory disputes involving a Rocket Lab-Iridium transaction add further uncertainty.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. JPMorgan Chase & Co. began coverage on SpaceX in a report on Tuesday, July 7th. They set an “overweight” rating and a $225.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $246.00 price objective on shares of SpaceX in a research note on Wednesday, August 5th. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, August 7th. Finally, Seaport Research Partners downgraded shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Two equities 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 six have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $220.20.

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.