Rehmann Capital Advisory Group Buys Shares of 8,609 SpaceX $SPCX

Rehmann Capital Advisory Group bought a new stake in SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,609 shares of the company’s stock, valued at approximately $1,472,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wedbush Securities Inc. acquired a new position in SpaceX in the second quarter valued at approximately $5,094,000. Hyperion Asset Management Ltd acquired a new stake in SpaceX during the 2nd quarter worth $201,137,000. Assenagon Asset Management S.A. bought a new stake in shares of SpaceX during the 2nd quarter valued at $2,502,000. Sage Capital Advisors llc bought a new stake in shares of SpaceX during the 2nd quarter valued at $3,254,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at $3,383,000.

SpaceX Trading Down 1.0%

Shares of SpaceX stock opened at $142.23 on Wednesday. The business’s fifty day simple moving average is $136.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The firm has a market cap of $1.86 trillion and a P/E ratio of -1,580.33. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

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 business had revenue of $7.81 billion during the quarter. The firm’s revenue was up 91.9% compared to the same quarter last year. Analysts predict that SpaceX will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on SPCX. Royal Bank Of Canada cut SpaceX from an “outperform” rating to a “hold” rating in a research note on Friday, August 7th. Oppenheimer increased their target price on SpaceX from $190.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Roth Capital upgraded SpaceX to a “buy” rating in a report on Monday, June 22nd. Citigroup cut SpaceX from a “buy” rating to a “sell” rating in a research note on Friday, August 7th. Finally, Arete Research set a $450.00 price target on shares of SpaceX in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.20.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: AI power strategy expands growth potential: SpaceX is reportedly developing gas-turbine components at a Texas facility to address the electricity bottleneck facing AI data centers. The move could support the company’s ambitious AI infrastructure plans and potentially create a new business opportunity beyond rockets and Starlink. SpaceX AI power supply article
• Positive Sentiment: Starlink remains the financial bright spot: Recent coverage says Starlink generated approximately $1.66 billion in second-quarter operating profit, while SpaceX’s space and AI operations posted combined losses. The connectivity segment’s profitability and nearly 92% year-over-year revenue growth provide funding for expansion. Starlink profitability article
• Positive Sentiment: Launch and defense momentum: SpaceX successfully launched NASA’s Nancy Grace Roman Space Telescope on a Falcon Heavy, reinforcing its launch reliability. Separately, reports that the Pentagon adopted Starshield AI’s Grok could strengthen the investment case for SpaceX’s space-based defense and communications infrastructure. NASA Roman Space Telescope launch article
• Neutral Sentiment: Starlink Mobile opportunity has major funding requirements: SpaceX’s direct-to-device ambitions could challenge traditional telecom infrastructure, but analysts estimate a standalone mobile network might require $50 billion to $130 billion in capital. Satellite service is more likely to complement terrestrial towers than replace them in dense urban markets. SpaceX mobile network investment article
• Neutral Sentiment: September 9 share unlock could increase volatility: The upcoming unlock is expected to expand SpaceX’s public float to about 17.7%. Greater liquidity may improve trading access, but early investors and employees could also sell, creating near-term supply pressure. SpaceX September 9 share unlock article
• Negative Sentiment: Heavy AI spending raises execution and profitability concerns: SpaceX reportedly spent $15.8 billion on AI-related capital expenditures in the latest quarter—about 86% of total company capital spending—while the AI segment remained unprofitable. This creates substantial cash-flow risk if AI revenue develops more slowly than expected. SpaceX capital spending article
• Negative Sentiment: Data-center leadership changes signal operational problems: The Information reported that SpaceX moved rocket and Starlink executives into its data-center operation after issues in Tennessee and Mississippi. The reshuffling may improve execution, but it highlights challenges in scaling the new business. SpaceX data-center leadership article
• Negative Sentiment: Valuation and near-term risks remain elevated: Analysts warn that SpaceX’s extremely high valuation leaves the stock vulnerable to a broader market pullback, seasonal September weakness, and disappointment around ambitious revenue forecasts. A reported Dragon spacecraft leak also delayed the next astronaut launch, adding a near-term execution setback. SpaceX September challenges article

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.