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

Key Points

• Montanova Capital acquired 101,200 SpaceX shares in the second quarter, valued at approximately $17.3 million. Several other institutional investors, including Wedbush Securities, also initiated positions.
• SpaceX reported strong quarterly growth, with revenue increasing 91.9% year over year to $7.81 billion and adjusted EPS of -$0.09, exceeding analyst expectations. Starlink is increasingly viewed as the company’s primary financial driver.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $220.20, but risks include SpaceX’s elevated valuation, significant capital needs for Starlink Mobile, a potential share-unlock selling pressure, and a Dragon spacecraft launch delay.

Montanova Capital LLC acquired a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 101,200 shares of the company's stock, valued at approximately $17,291,000.

Several other large investors have also modified their holdings of the company. JNBA Financial Advisors purchased a new position in shares of SpaceX during the second quarter worth approximately $223,000. Strategic Advisors LLC purchased a new stake in SpaceX during the 2nd quarter valued at approximately $336,000. CTC Alternative Strategies Ltd. purchased a new stake in SpaceX during the 2nd quarter valued at approximately $564,000. Ancora Advisors LLC acquired a new stake in SpaceX during the 2nd quarter worth approximately $279,000. Finally, Wedbush Securities Inc. purchased a new position in shares of SpaceX in the 2nd quarter valued at approximately $5,094,000.

SpaceX News Summary

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 Trading Up 1.6%

Shares of SPCX opened at $143.73 on Tuesday. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. 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 business's 50-day simple moving average is $136.88. The firm has a market capitalization of $1.88 trillion and a PE ratio of -1,597.00.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business's revenue was up 91.9% on a year-over-year basis. As a group, analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Phillip Securities upgraded SpaceX to a "strong sell" rating in a research note on Friday, July 31st. William Blair reissued an "outperform" rating on shares of SpaceX in a research note on Friday, July 31st. UBS Group reaffirmed a "buy" rating and set a $75.00 price objective (down from $210.00) on shares of SpaceX in a report on Monday, August 17th. The Goldman Sachs Group started coverage on SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $205.00 price objective for the company. Finally, Benchmark assumed coverage on SpaceX in a report on Monday, June 22nd. They issued a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, SpaceX has a consensus rating of "Moderate Buy" and an average target price of $220.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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