Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of SpaceX (NASDAQ:SPCX)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of SpaceX (NASDAQ:SPCX). In a filing disclosed on July 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in SpaceX stock on June 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Roadhouse (NASDAQ:TXRH) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Microchip Technology (NASDAQ:MCHP) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 6/30/2026.

SpaceX Stock Performance

NASDAQ:SPCX remained flat at $162.00 during trading hours on Friday. The company’s stock had a trading volume of 60,905,406 shares, compared to its average volume of 152,014,797. SpaceX has a 52 week low of $147.11 and a 52 week 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 (EPS) for the quarter. The firm had revenue of $4.69 billion for the quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on SPCX. KGI Securities lowered SpaceX from an “outperform” rating to a “hold” rating in a research report on Monday, June 22nd. Arete Research set a $401.00 price target on shares of SpaceX and gave the company a “buy” rating in a report on Thursday, June 18th. Morgan Stanley cut shares of SpaceX to a “negative” rating in a report on Monday, June 22nd. Argus assumed coverage on shares of SpaceX in a research note on Friday, June 26th. They set a “hold” rating for the company. Finally, Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a research report on Monday, June 22nd. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.12.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is set to join the Nasdaq-100 on July 7, which could trigger index-fund buying and support demand for the stock. SpaceX Stock Is Joining the Nasdaq 100 Soon. What History Says Happens Next.
• Positive Sentiment: Analysts continue to point to upside for SpaceX, with new coverage and price targets suggesting the stock may still have room to run if growth accelerates. SpaceX Stock Price Forecast — Analysts See 30% Upside Ahead
• Positive Sentiment: Reports that SpaceX could disrupt telecom through Starlink, plus FCC moves to speed satellite licensing reviews, support the bullish case for faster commercialization. FCC Moves to Speed Satellite License Reviews, Boosting SpaceX and Rival Broadband Networks
• Neutral Sentiment: Congressional stock purchases in SpaceX are drawing attention and may increase trading interest, but the signal is more about scrutiny than fundamentals. First known congressional SpaceX stock buys surface after record IPO
• Negative Sentiment: Multiple articles warn that SpaceX’s valuation remains stretched, with critics calling it “catastrophic” and saying the stock could be vulnerable if growth does not quickly justify the price. SpaceX Stock Falls After Firm Calls Valuation ‘Catastrophic’
• Negative Sentiment: Short interest is rising sharply, showing that many traders are betting the post-IPO excitement will fade and that the stock may face more downside volatility. SpaceX Stock Price Forecast — Why Traders Are Shorting Despite a $760M Loss
• Negative Sentiment: Elon Musk denied reports that SpaceX is developing an AI handset, removing a speculative catalyst and adding to investor caution around the stock’s recent jump. SpaceX Stock (SPCX) Craters 7% as Musk Calls WSJ Al Device Report “Utterly False”

Hedge Funds Weigh In On SpaceX

A hedge fund recently bought a new position in SpaceX stock. Burkett Financial Services LLC acquired a new stake in shares of SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 411 shares of the company’s stock, valued at approximately $70,000.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.