101,200 Shares in SpaceX $SPCX Acquired by Montanova Capital LLC

Montanova Capital LLC acquired a new stake in shares of SpaceX (NASDAQ:SPCX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 101,200 shares of the company’s stock, valued at approximately $17,291,000.

A number of other institutional investors have also modified their holdings of the company. Hyperion Asset Management Ltd purchased a new stake in SpaceX during the 2nd quarter worth $201,137,000. Tema ETFs LLC acquired a new stake in SpaceX during the 2nd quarter valued at approximately $32,037,000. Teamwork Financial Advisors LLC acquired a new stake in SpaceX during the 2nd quarter valued at approximately $8,027,000. Wedbush Securities Inc. acquired a new position in shares of SpaceX in the 2nd quarter valued at approximately $5,094,000. Finally, Heck Capital Advisors LLC acquired a new stake in SpaceX in the second quarter valued at $3,768,000.

SpaceX Stock Performance

NASDAQ SPCX opened at $143.73 on Tuesday. 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 one year low of $104.83 and a one year high of $225.64. The firm has a 50-day simple moving average of $136.88. The firm has a market cap of $1.88 trillion and a price-to-earnings ratio of -1,597.00.

SpaceX (NASDAQ:SPCX) 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 company’s revenue for the quarter was up 91.9% on a year-over-year basis. Equities analysts forecast that SpaceX will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of SpaceX in a research note on Wednesday, August 5th. Guggenheim assumed coverage on SpaceX in a report on Friday, August 7th. They issued a “buy” rating for the company. DZ Bank began coverage on SpaceX in a research note on Friday, August 21st. They set a “sell” rating and a $100.00 price objective on the stock. Oppenheimer lifted their target price on SpaceX from $190.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Finally, Moffett Nathanson initiated coverage on SpaceX in a report on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 price target for the company. Two equities 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 six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.20.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts remain optimistic about SpaceX’s long-term revenue opportunity. Bernstein reiterated an Outperform view, while other research notes highlighted Elon Musk’s projection that revenue could reach $3.5 trillion by 2033. Bernstein SpaceX outlook
• Positive Sentiment: SpaceX’s latest quarterly results provided a fundamental tailwind: revenue rose 91.9% year over year to $7.81 billion, and the company’s loss per share was narrower than analysts expected. Starlink is increasingly viewed as the company’s primary financial engine. Cathie Wood’s Ark bought SpaceX stock
• Positive Sentiment: A successful Falcon Heavy launch of NASA’s Nancy Grace Roman Space Telescope reinforced SpaceX’s launch reliability and commercial relationship with NASA. The company also scheduled two additional California launches this week. SpaceX launches Roman telescope
• Positive Sentiment: SpaceX is expanding beyond rockets and satellite internet by building a Texas facility to manufacture gas-turbine components. Management says the effort could reduce generator delays and help supply power for its planned AI infrastructure. A planned partnership with Nvidia for AI-powered satellites also supports the company’s broader growth narrative. SpaceX turbine-parts manufacturing
• Neutral Sentiment: New space-focused ETFs continue buying SpaceX, potentially supporting demand for the shares and increasing investor exposure to commercial launches, satellites and space infrastructure. Space ETFs buying SpaceX
• Neutral Sentiment: The September 9 share unlock will increase SpaceX’s public float to approximately 17.7%. It could improve liquidity, but additional shares becoming available may also create short-term selling pressure. SpaceX share unlock
• Negative Sentiment: NASA and SpaceX delayed the next astronaut launch to the International Space Station after identifying a leak on the Dragon spacecraft. Although a delay is not necessarily a mission failure, it creates near-term schedule and execution concerns. Dragon spacecraft launch delay
• Negative Sentiment: Investors remain concerned that SpaceX’s valuation already discounts aggressive growth. Bernstein estimates a standalone Starlink Mobile network could require roughly $50 billion to $130 billion of capital, while technical and fundamental analyses warn of another possible bearish phase. OpenAI’s decision to end Cursor’s access to its AI models adds uncertainty to SpaceX’s AI strategy. Starlink Mobile capital requirements

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.