Burford Brothers Inc. Takes $753,000 Position in SpaceX $SPCX

Burford Brothers Inc. acquired a new position in shares of SpaceX (NASDAQ:SPCX) in the second quarter, HoldingsChannel reports. The fund acquired 4,407 shares of the company’s stock, valued at approximately $753,000.

Several other large investors have also made changes to their positions in SPCX. KFG Wealth Management LLC acquired a new position in SpaceX in the second quarter valued at $357,000. Carter Financial Group INC. acquired a new stake in SpaceX during the second quarter worth about $1,334,000. Leo H. Evart Inc. purchased a new position in shares of SpaceX in the 2nd quarter worth about $103,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of SpaceX in the 2nd quarter worth about $62,000. Finally, Outfitters Financial LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at about $548,000.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $149.74 on Friday. The company’s 50-day moving average is $136.26. The stock has a market cap of $1.96 trillion and a P/E ratio of -1,663.78. 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 has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last released 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 company had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. Analysts predict that SpaceX will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on SPCX shares. Sanford C. Bernstein reissued an “outperform” rating on shares of SpaceX in a research report on Monday. Guggenheim initiated coverage on shares of SpaceX in a research note on Friday, August 7th. They set a “buy” rating for the company. Stifel Nicolaus initiated coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price objective for the company. New Street Research raised shares of SpaceX to a “strong-buy” rating in a research note on Thursday, June 11th. Finally, Oppenheimer lifted their target price on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, SpaceX has an average rating of “Moderate Buy” and a consensus price target of $221.20.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI expansion is the main bullish catalyst. Elon Musk said Google, Anthropic, and other technology companies are leasing SpaceX computing capacity because power availability is constraining the AI industry. Oppenheimer raised its price target to $280, citing stronger AI demand, rapidly expanding infrastructure, and improving compute economics. Oppenheimer SpaceX AI outlook
• Positive Sentiment: Analyst and options activity reinforced bullish sentiment. Bernstein reportedly set a $248 target, while one trader committed $10 million to a bet that SPCX will recover to $175 by January 2028. Investors also pointed to institutional put selling near previous lows as a potential sign of downside support. SpaceX options trade and price target
• Positive Sentiment: Starship provided a near-term event catalyst. Investors are positioning ahead of Starship Test 14, reportedly scheduled for September 15. A successful test could support the long-term launch, satellite, and space-infrastructure growth narrative. SpaceX rises ahead of Starship Test 14
• Neutral Sentiment: SpaceX returned to a roughly $2 trillion market valuation. The move reflects renewed analyst confidence and a broader technology-sector rebound, but the valuation makes the stock highly sensitive to execution and growth expectations. SpaceX returns to the $2 trillion club
• Negative Sentiment: Execution and capital-spending risks remain significant. Reports indicate reliability problems and a reshuffling of the AI data-center team as SpaceX approaches a September 30 deadline tied to Google’s large compute agreement. The company is also spending heavily on AI infrastructure while remaining GAAP-loss-making. SpaceX AI buildout and data-center delays
• Negative Sentiment: Valuation, leadership, and regulatory risks could limit further gains. Commentators highlighted SPCX’s extreme valuation, Elon Musk’s key-person risk, potential community opposition to data centers, and geopolitical tensions involving European space policy. SpaceX key-person risk

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.