SpaceX (NASDAQ:SPCX) Stock Purchased Rep. John McGuire

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 NASDAQ SPCX traded down $4.16 during midday trading on Thursday, reaching $131.11. The company had a trading volume of 54,812,620 shares, compared to its average volume of 119,742,375. SpaceX has a one year low of $130.74 and a one year high of $225.64.

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

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Several Wall Street firms remain constructive, with analysts from Morgan Stanley, Evercore, Needham, and Raymond James reiterating or raising bullish price targets on the back of SpaceX’s long-term launch, Starlink, and AI-related growth potential.
• Positive Sentiment: Cathie Wood’s ARK Invest bought more SpaceX shares ahead of the Starship test, signaling that some prominent investors see the recent weakness as a buying opportunity.
• Positive Sentiment: SpaceX is still getting attention for future growth catalysts, including Starship Flight 13, expanded Starlink adoption, and plans for AI compute satellites and other space-based infrastructure.
• Neutral Sentiment: The company’s Starship test was aborted before liftoff after ignition/at the last second, which delays a key near-term catalyst but does not indicate a failure in the program itself. SpaceX suddenly aborts second Starship V3 launch after ignition
• Neutral Sentiment: Commentary around SpaceX becoming the most shorted new stock and short sellers earning billions reflects heavy bearish positioning, but also highlights that the stock is now a major battleground between bulls and bears. Short sellers rack up $8.7 bln profit as SpaceX slips below IPO price -Ortex
• Negative Sentiment: SpaceX’s break below its IPO price has been widely viewed as a sign that the debut rally is fading, and the stock is now trading more like a volatile momentum name than a newly listed growth story.
• Negative Sentiment: Investor concern is also being fueled by articles questioning whether the stock could fall further, with some skeptics arguing SpaceX remains expensive relative to near-term profitability.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of SpaceX from $190.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a report on Sunday. Canaccord Genuity Group began coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target on the stock. UBS Group assumed coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $210.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $225.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPCX. Hyperion Asset Management Ltd purchased a new position in SpaceX during the second quarter valued at approximately $201,137,000. Tema ETFs LLC purchased a new stake in shares of SpaceX in the second quarter worth $32,037,000. Teamwork Financial Advisors LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $8,027,000. Heck Capital Advisors LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at $3,768,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at $3,383,000.

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.