Dynamic Advisor Solutions LLC acquired a new stake in SpaceX (NASDAQ:SPCX – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,802 shares of the company’s stock, valued at approximately $3,383,000.
Several other large investors have also made changes to their positions in SPCX. Dogwood Wealth Management LLC purchased a new position in shares of SpaceX during the 2nd quarter valued at approximately $139,000. Burkett Financial Services LLC acquired a new position in SpaceX during the second quarter worth $70,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in SpaceX during the second quarter valued at $566,000.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $225.00 target price on shares of SpaceX in a research note on Monday. Cfra started coverage on SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 price objective on the stock. Stifel Nicolaus initiated coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective for the company. Canaccord Genuity Group assumed coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price for the company. Finally, UBS Group reaffirmed a “buy” rating on shares of SpaceX in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $229.71.
SpaceX Stock Up 6.1%
NASDAQ:SPCX opened at $114.92 on Friday. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a current ratio of 1.22, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.
SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. Analysts expect that SpaceX will post -0.64 EPS for the current fiscal year.
Key Stories Impacting SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: The 911.5 million-share unlock was absorbed relatively well. Shares held up even as roughly $100 billion of insider and early-investor stock became eligible for trading, suggesting demand from retail and institutional investors may be offsetting potential selling. SpaceX Stock Defies Lock-up Fears
- Positive Sentiment: Terafab gives SpaceX another major growth narrative. SpaceX and Tesla confirmed an initial $16.8 billion investment in an AI-chip factory in Texas. SpaceX also plans dedicated power plants and battery storage for the facility, potentially expanding its AI-computing and semiconductor capabilities. SpaceX says Terafab to be built in Texas
- Positive Sentiment: Analysts and prominent investors remain bullish. Bernstein raised its price target, while JPMorgan, Needham, Cantor Fitzgerald, and others cited potential monetization of AI, Starlink, and cloud-computing investments. Cathie Wood’s ARK funds also reportedly bought shares during the selloff. Bernstein lifts SpaceX price target
- Neutral Sentiment: Recent earnings were operationally strong but financially expensive. Second-quarter revenue rose 91.9% to $7.81 billion, beating estimates, while Starlink subscribers reached 12 million and AI revenue grew rapidly. However, SpaceX reported a loss and spent $18.4 billion on capital expenditures, including $15.8 billion on AI infrastructure. SpaceX beats Q2 estimates
- Negative Sentiment: Supply and valuation risks remain significant. Additional lock-up expirations could make more than 4 billion shares tradable by year-end, while heavy cash burn, customer concentration, uncertain AI returns, and a very high valuation could renew selling pressure.
SpaceX 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.
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