Tema ETFs LLC bought a new position in shares of SpaceX (NASDAQ:SPCX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 187,502 shares of the company’s stock, valued at approximately $32,037,000. SpaceX accounts for about 1.0% of Tema ETFs LLC’s investment portfolio, making the stock its 25th largest position.
Other hedge funds have also added to or reduced their stakes in the company. Sage Capital Advisors llc acquired a new position in SpaceX in the second quarter valued at approximately $3,254,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $3,383,000. Canvas Wealth Advisors LLC bought a new stake in shares of SpaceX in the 2nd quarter valued at $2,598,000. Castle Rock Wealth Management LLC acquired a new position in shares of SpaceX during the 2nd quarter valued at $2,310,000. Finally, Teamwork Financial Advisors LLC acquired a new position in shares of SpaceX during the 2nd quarter valued at $8,027,000.
Analyst Ratings Changes
A number of equities research analysts have commented on SPCX shares. New Street Research upgraded shares of SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. began coverage on shares of SpaceX in a report on Tuesday, July 7th. They set an “overweight” rating and a $225.00 price objective on the stock. Bank of America assumed coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $235.00 target price for the company. UBS Group reaffirmed a “buy” rating on shares of SpaceX in a research report on Wednesday, August 5th. Finally, Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, August 7th. Two investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $229.00.
SpaceX Price Performance
NASDAQ SPCX opened at $133.29 on Wednesday. The company has a fifty day simple moving average of $143.01. 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 has a 12-month low of $104.83 and a 12-month high of $225.64.
SpaceX (NASDAQ:SPCX – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business’s quarterly revenue was up 91.9% on a year-over-year basis. On average, equities analysts expect that SpaceX will post -0.15 earnings per share for the current year.
SpaceX News Summary
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Morgan Stanley maintained a $300 price target and outlined a $600 bull case if investors gain confidence in SpaceX’s AI strategy, including the planned Cursor acquisition and Grok-related opportunities. The valuation depends on substantial future AI revenue, making the target highly assumption-driven. Morgan Stanley $600 SpaceX price target
- Positive Sentiment: SpaceX reportedly secured approximately $8.1 billion in U.S. Space Force awards, including satellite-building, military data-network, and Falcon 9 launch contracts. The awards strengthen revenue visibility and expand the company’s defense footprint. SpaceX Space Force awards
- Positive Sentiment: A new 2027 launch agreement with Vietnam’s VinSpace adds an international customer and supports continued demand for SpaceX’s launch services. Vietnam launch contract
- Neutral Sentiment: Reported short interest was zero shares, suggesting the latest pullback was not driven by a large disclosed short position. The figure may reflect incomplete or unreliable data rather than an absence of bearish positioning.
- Negative Sentiment: Shares pulled back after rallying above the $135 IPO price, with coverage citing profit-taking, a broader risk-off market, and investor focus on a Falcon 9 launch. A launch scrub and the operational risks surrounding Starship add near-term volatility. Why SpaceX stock is pulling back
- Negative Sentiment: Investors remain concerned that SpaceX’s ambitious AI and infrastructure initiatives require heavy capital spending. Recent earnings showed revenue growth of 91.9% to $7.81 billion, but the company still reported a quarterly loss, while valuation screens suggest the stock already prices in significant future success. Retail investors also became net sellers for the first time since the IPO. SpaceX valuation and Morgan Stanley bull case
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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