11,591 Shares in SpaceX $SPCX Bought by Tucker Asset Management LLC

Key Points

• Tucker Asset Management bought 11,591 SpaceX shares worth approximately $1.98 million, while several other hedge funds also initiated sizable positions during the second quarter.
• Analyst sentiment remains broadly positive, with SpaceX holding a consensus “Moderate Buy” rating and an average price target of $221.20, despite some recent downgrades to neutral or hold.
• SpaceX reported $7.81 billion in quarterly revenue, up 91.9% year over year, but investors face risks from heavy capital spending, ongoing losses, elevated valuation and a Sept. 9 share unlock that could increase selling pressure.

Tucker Asset Management LLC bought a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,591 shares of the company's stock, valued at approximately $1,980,000. SpaceX accounts for about 0.5% of Tucker Asset Management LLC's investment portfolio, making the stock its 29th largest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Hyperion Asset Management Ltd acquired a new position in shares of SpaceX in the 2nd quarter valued at about $201,137,000. Bond Capital Management LP purchased a new stake in shares of SpaceX in the second quarter worth about $180,620,000. Value Aligned Research Advisors LLC acquired a new stake in SpaceX during the second quarter worth about $100,760,000. Tema ETFs LLC purchased a new position in SpaceX during the second quarter valued at approximately $32,037,000. Finally, Montanova Capital LLC acquired a new position in SpaceX in the second quarter valued at approximately $17,291,000.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Moffett Nathanson began coverage on SpaceX in a research report on Tuesday, July 7th. They issued a "neutral" rating and a $131.00 price objective on the stock. Zacks Research raised shares of SpaceX to a "hold" rating in a report on Monday, June 15th. The Goldman Sachs Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a "buy" rating and a $205.00 price target on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $246.00 price target on shares of SpaceX in a research report on Wednesday, August 5th. Finally, Seaport Research Partners cut shares of SpaceX from a "buy" rating to a "neutral" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $221.20.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Investor optimism remains high ahead of a planned Labor Day weekend Falcon 9 launch from Vandenberg. A successful mission would reinforce SpaceX’s launch reliability and market leadership. SpaceX Labor Day weekend rocket launch
• Positive Sentiment: Recent earnings continue to provide a fundamental underpinning: revenue rose roughly 92% year over year to $7.8 billion, while Starlink subscriber growth, connectivity demand and expanding AI-compute revenue fueled bullish views. Some analysts believe SpaceX’s AI infrastructure could become a major long-term growth engine. SpaceX market capitalization and growth outlook
• Positive Sentiment: A reported $10 million bullish options position betting on a recovery toward $175, along with bullish analyst targets, signals continued institutional and speculative interest in SPCX. SpaceX bullish options bet
• Neutral Sentiment: Starship Test 14 is approaching, reportedly with a potential launch window in mid-September. The event could be a meaningful catalyst, but investors are also focused on the risk of delays or another unsuccessful test. SpaceX Starship Test 14
• Negative Sentiment: The Sept. 9 share unlock is the most immediate overhang. Newly eligible insider and early-investor shares could increase supply and create selling pressure after the recent rally. SpaceX share unlock
• Negative Sentiment: Valuation and capital intensity remain significant risks. SpaceX reportedly spent $18.4 billion in one quarter, including $15.8 billion on AI, while remaining GAAP-loss-making. Critics argue that much of the company’s future success is already reflected in its multitrillion-dollar valuation. SpaceX valuation and capital spending analysis

SpaceX Price Performance

SpaceX stock opened at $147.95 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock has a market capitalization of $1.93 trillion and a PE ratio of -1,643.89. The firm has a 50 day simple moving average of $136.15. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

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

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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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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