Rep. John McGuire Acquires Shares of SpaceX (NASDAQ:SPCX)

Representative John McGuire (Republican-Virginia) recently bought shares of SpaceX (NASDAQ:SPCX). In a filing disclosed on July 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in SpaceX stock on June 15th. The trade occurred in the Representative’s “MERRILL LYNCH BROKERAGE ACCOUNT” account.

Representative John McGuire also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 7/7/2026.
• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 6/4/2026.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 6/4/2026.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 4/15/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 4/15/2026.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/15/2026.

SpaceX Price Performance

Shares of SPCX traded down $6.75 during mid-day trading on Friday, hitting $124.36. The company had a trading volume of 27,545,736 shares, compared to its average volume of 115,692,023. SpaceX has a 1-year low of $122.12 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share for the quarter. The business had revenue of $4.69 billion for the quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on SPCX shares. UBS Group initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $210.00 target price on the stock. Evercore assumed coverage on SpaceX in a report on Tuesday. They issued an “outperform” rating and a $230.00 price objective on the stock. Canaccord Genuity Group started coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price for the company. Daiwa Securities Group began coverage on shares of SpaceX in a report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price target on the stock. Finally, Morgan Stanley set a $225.00 price target on shares of SpaceX in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and an average target price of $234.78.

Institutional Investors Weigh In On SpaceX

Large investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new position in SpaceX in the 2nd quarter worth $29,000. Marquette Asset Management LLC acquired a new stake in shares of SpaceX during the second quarter valued at about $32,000. Burkett Financial Services LLC acquired a new stake in shares of SpaceX during the second quarter valued at about $70,000. Contravisory Investment Management Inc. purchased a new stake in shares of SpaceX during the second quarter worth about $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SpaceX in the second quarter worth about $89,000.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Some Wall Street analysts remain constructive on SpaceX’s long-term outlook, citing Starlink subscriber growth, direct-to-mobile opportunities, AI-related ambitions, and future launch execution as potential upside drivers. Article Title
• Positive Sentiment: Buying interest also showed up from major investors such as Cathie Wood’s ARK funds, which purchased SpaceX shares ahead of the Starship test, suggesting some institutions see the recent pullback as a buying opportunity. Article Title
• Neutral Sentiment: SpaceX’s Starship launch was aborted before liftoff after an engine ignition failure, and management said another attempt could come in a few days. While disappointing, a successful retry could help sentiment if the next launch goes better. Article Title
• Neutral Sentiment: SpaceX is also drawing attention from the broader market after its IPO-linked valuation reset, with some stories noting that the stock has become heavily shorted and is now trading near or below its offering price. Article Title
• Negative Sentiment: Iran’s declaration that Starlink infrastructure and a Middle East ground station are military targets adds a new geopolitical and operational risk for SpaceX, potentially increasing insurance, security, and continuity concerns. Article Title
• Negative Sentiment: Several headlines reinforce the bearish tone, with reports of increased short selling, downgrade/neutral calls from analysts, and commentary warning that more downside could follow if launch execution remains shaky. Article Title

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia’s 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia’s 5th Congressional District. He declared candidacy for the 2026 election.

John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

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.