19,043 Shares in SpaceX $SPCX Bought by Sage Capital Advisors llc

Key Points

• Sage Capital Advisors purchased 19,043 SpaceX shares worth approximately $3.25 million during the second quarter, joining several other institutional investors that initiated positions.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, while its $0.09-per-share loss beat analysts’ expectations of a $0.26 loss.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $227.31, though heavy capital spending, ongoing losses and potential insider selling remain risks.

Sage Capital Advisors llc bought a new stake in SpaceX (NASDAQ:SPCX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,043 shares of the company's stock, valued at approximately $3,254,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atwood & Palmer Inc. bought a new stake in shares of SpaceX during the 2nd quarter valued at about $29,000. Burkett Financial Services LLC bought a new position in shares of SpaceX in the 2nd quarter worth approximately $70,000. Contravisory Investment Management Inc. purchased a new position in shares of SpaceX in the second quarter worth approximately $73,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SpaceX during the second quarter valued at approximately $89,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in SpaceX during the second quarter valued at approximately $120,000.

SpaceX Trading Up 4.2%

Shares of SPCX stock opened at $138.74 on Tuesday. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $143.24. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The company's quarterly revenue was up 91.9% compared to the same quarter last year. As a group, research analysts anticipate that SpaceX will post -0.11 earnings per share for the current year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The expiration of a lockup covering roughly 900 million to 911 million shares did not trigger the sharp selloff investors had feared. The stock’s resilience suggests that much of the potential insider selling had already been anticipated. Another release is expected on August 20, making future supply a key trading risk. SpaceX’s First Lockup Expired Last Week
• Positive Sentiment: SpaceX reported $7.81 billion of quarterly revenue, up 91.9% year over year, and a loss of $0.09 per share that was narrower than analysts expected. The strong top-line growth is supporting the bullish view that Starlink and the company’s launch business can become major long-term growth engines. SpaceX stock rebounds to near $135 IPO price
• Positive Sentiment: ARK Invest bought approximately $13.2 million of SpaceX shares after the earnings-related selloff, while some analysts upgraded the stock. Support from high-profile investors is reinforcing the recovery and short-squeeze speculation. Why Cathie Wood is piling into SpaceX stock
• Neutral Sentiment: A planned launch using a Falcon 9 booster for its 18th flight highlights SpaceX’s reusability advantage and operational execution, but a routine launch is unlikely to materially change valuation by itself. SpaceX Will Fly the Same Falcon 9 Booster for an 18th Time
• Negative Sentiment: Investors remain concerned about massive capital expenditures of $18.4 billion in the quarter, with AI-related spending representing most of the total. SpaceX continues to lose money, and its valuation already assumes successful execution of ambitious AI, Starlink, and orbital data-center plans. Elon Musk’s SpaceX Just Delivered Its First Earnings Report
• Negative Sentiment: Retail investors became net sellers for the first time since the IPO, and skeptics describe SpaceX as highly speculative. Potential future insider selling and the company’s continued cash burn could limit the recovery. Retail investors sold SpaceX shares for first time

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPCX. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a "buy" rating and a $255.00 price target on the stock. Mizuho assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 target price on the stock. Roth Capital raised SpaceX to a "buy" rating in a report on Monday, June 22nd. Arete Research set a $401.00 price target on SpaceX and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, New Street Research raised SpaceX to a "strong-buy" rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $227.31.

SpaceX Company 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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