Teamwork Financial Advisors LLC Invests $8.03 Million in SpaceX $SPCX

Teamwork Financial Advisors LLC bought a new position in shares of SpaceX (NASDAQ:SPCX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,982 shares of the company’s stock, valued at approximately $8,027,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC acquired a new position in SpaceX during the 2nd quarter worth approximately $3,383,000. Castle Rock Wealth Management LLC acquired a new position in shares of SpaceX during the second quarter worth $2,310,000. Cooper Financial Group purchased a new position in SpaceX in the second quarter valued at $950,000. Ebert Capital Management Inc. acquired a new stake in SpaceX in the second quarter valued at $647,000. Finally, Assenagon Asset Management S.A. purchased a new stake in SpaceX during the 2nd quarter worth about $2,502,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a report on Friday, July 31st. Canaccord Genuity Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 target price for the company. Benchmark initiated coverage on shares of SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating for the company. Seaport Research Partners downgraded shares of SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of SpaceX in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $227.31.

More SpaceX News

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 Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 5.12. The business’s 50 day simple moving average is $143.35. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, analysts expect that SpaceX will post -0.28 earnings per share for the current year.

SpaceX Company 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.