Ebert Capital Management Inc. Invests $647,000 in SpaceX $SPCX

Ebert Capital Management Inc. acquired a new stake in shares of SpaceX (NASDAQ:SPCX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,784 shares of the company’s stock, valued at approximately $647,000. SpaceX accounts for 0.6% of Ebert Capital Management Inc.’s investment portfolio, making the stock its 21st largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC bought a new stake in SpaceX in the 2nd quarter valued at $70,000. Dogwood Wealth Management LLC acquired a new stake in shares of SpaceX during the 2nd quarter valued at about $139,000. Elevation Wealth Partners LLC bought a new stake in SpaceX in the second quarter valued at about $153,000. Wynn Capital LLC acquired a new position in SpaceX in the second quarter worth about $205,000. Finally, Apella Capital LLC acquired a new position in SpaceX in the second quarter worth about $452,000.

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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPCX. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a report on Tuesday, July 28th. Wedbush assumed coverage on SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 target price for the company. UBS Group reiterated a “buy” rating on shares of SpaceX in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Friday, July 24th. Finally, Bank of America initiated coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $235.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and a consensus price target of $227.31.

SpaceX Stock Performance

NASDAQ SPCX opened at $133.11 on Friday. The stock’s 50 day simple moving average is $143.35. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 5.12.

SpaceX (NASDAQ:SPCX) last announced its 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. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts forecast that SpaceX will post -0.28 EPS for the current fiscal 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.