1,177,203 Shares in SpaceX $SPCX Acquired by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd purchased a new position in shares of SpaceX (NASDAQ:SPCX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,177,203 shares of the company’s stock, valued at approximately $201,137,000. SpaceX comprises about 5.3% of Hyperion Asset Management Ltd’s holdings, making the stock its 8th biggest holding.

Several other large investors have also made changes to their positions in SPCX. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of SpaceX in the second quarter worth $566,000. Burkett Financial Services LLC acquired a new position in SpaceX during the second quarter valued at $70,000. Dogwood Wealth Management LLC purchased a new stake in SpaceX in the second quarter valued at $139,000. Dynamic Advisor Solutions LLC acquired a new stake in SpaceX during the 2nd quarter worth about $3,383,000. Finally, Apella Capital LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at about $452,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Daiwa Securities Group began coverage on SpaceX in a report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price objective for the company. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, August 7th. Benchmark began coverage on shares of SpaceX in a report on Monday, June 22nd. They set a “buy” rating on the stock. Raymond James Financial lowered shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a research report on Friday. Finally, Seaport Research Partners downgraded shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $229.00.

SpaceX Trading Down 3.9%

Shares of SPCX opened at $133.29 on Wednesday. The stock’s 50 day moving average price is $143.01. 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 current ratio of 5.12 and a quick ratio of 4.99.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data 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 firm had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. Equities analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX successfully launched 24 Starlink satellites from Vandenberg Space Force Base, reinforcing its launch cadence and Starlink expansion. Why SpaceX Is Getting a Stock Bounce After Starlink Satellite Launch
• Positive Sentiment: Elon Musk said SpaceX’s artificial-intelligence revenue will “definitely” exceed its other income next month, strengthening the investment narrative around AI alongside rockets and Starlink. Elon Musk Declares SpaceX AI Revenue Will Definitely Exceed All Other Income Next Month
• Positive Sentiment: Long-term bullish views remain a counterweight to the pullback. Morgan Stanley cited potential AI upside and maintained a $300 base-case target with a $600 bull case, while Norway’s sovereign wealth fund disclosed a SpaceX stake. Morgan Stanley Sees $600 Bull Case for SpaceX
• Neutral Sentiment: Potential Tesla–SpaceX transaction developments continue to attract attention, but the merger-related reporting concerns Elon Musk’s Tesla compensation agreement and does not represent a confirmed deal. SpaceX and Tesla Merger Reporting
• Negative Sentiment: Another insider share-unlock event is scheduled for Aug. 21, potentially making approximately $42.5 billion of stock eligible for sale. The prospect of substantial supply is pressuring sentiment even though the earlier unlock did not trigger a major selloff. SpaceX Insider Share Unlock Event
• Negative Sentiment: Investors remain concerned that SpaceX’s ambitious AI infrastructure plans require heavy capital spending. With shares valued on aggressive future growth assumptions, any delay in AI monetization or weaker-than-expected execution could lead to further multiple compression.

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.