William John Sempolinski bought a new stake in SpaceX (NASDAQ:SPCX – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 4,070 shares of the company’s stock, valued at approximately $695,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Syntax Research Inc. purchased a new stake in SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX during the 2nd quarter worth $29,000. Marquette Asset Management LLC purchased a new position in SpaceX during the 2nd quarter worth $32,000. Smallwood Wealth Investment Management LLC acquired a new position in SpaceX in the second quarter valued at $62,000. Finally, Burkett Financial Services LLC purchased a new stake in shares of SpaceX in the second quarter valued at about $70,000.
Wall Street Analyst Weigh In
Several research firms have commented on SPCX. Susquehanna downgraded SpaceX from a “neutral” rating to an “underperform” rating in a research note on Friday, August 7th. Seaport Research Partners lowered SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. William Blair restated an “outperform” rating on shares of SpaceX in a research note on Friday, July 31st. Stifel Nicolaus assumed coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target for the company. Finally, The Goldman Sachs Group began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $205.00 price objective on the stock. 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 seven have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $221.20.
SpaceX Trading Down 1.2%
Shares of SPCX stock opened at $147.95 on Friday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $136.15. The stock has a market cap of $1.93 trillion and a P/E ratio of -1,643.89. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.
SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share 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 company’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, equities analysts forecast that SpaceX will post -0.15 earnings per share for the current fiscal year.
More SpaceX News
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Investor optimism remains high ahead of a planned Labor Day weekend Falcon 9 launch from Vandenberg. A successful mission would reinforce SpaceX’s launch reliability and market leadership. SpaceX Labor Day weekend rocket launch
- Positive Sentiment: Recent earnings continue to provide a fundamental underpinning: revenue rose roughly 92% year over year to $7.8 billion, while Starlink subscriber growth, connectivity demand and expanding AI-compute revenue fueled bullish views. Some analysts believe SpaceX’s AI infrastructure could become a major long-term growth engine. SpaceX market capitalization and growth outlook
- Positive Sentiment: A reported $10 million bullish options position betting on a recovery toward $175, along with bullish analyst targets, signals continued institutional and speculative interest in SPCX. SpaceX bullish options bet
- Neutral Sentiment: Starship Test 14 is approaching, reportedly with a potential launch window in mid-September. The event could be a meaningful catalyst, but investors are also focused on the risk of delays or another unsuccessful test. SpaceX Starship Test 14
- Negative Sentiment: The Sept. 9 share unlock is the most immediate overhang. Newly eligible insider and early-investor shares could increase supply and create selling pressure after the recent rally. SpaceX share unlock
- Negative Sentiment: Valuation and capital intensity remain significant risks. SpaceX reportedly spent $18.4 billion in one quarter, including $15.8 billion on AI, while remaining GAAP-loss-making. Critics argue that much of the company’s future success is already reflected in its multitrillion-dollar valuation. SpaceX valuation and capital spending analysis
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.
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