Ameritas Advisory Services LLC Takes $1.82 Million Position in SpaceX $SPCX

Key Points

• Ameritas Advisory Services initiated a $1.82 million position in SpaceX during the second quarter by purchasing 10,668 shares. Several other institutional investors also established smaller new positions.
• Analyst sentiment is broadly positive: SpaceX has a “Moderate Buy” consensus rating and an average price target of $221.06, compared with an opening price of $147.55.
• SpaceX reported $7.81 billion in quarterly revenue, up 91.9% year over year, and exceeded EPS estimates, but investors face risks from its exceptionally high valuation, insider-share unlocks and execution challenges in its AI data-center expansion.

Ameritas Advisory Services LLC purchased a new position in SpaceX (NASDAQ:SPCX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,668 shares of the company's stock, valued at approximately $1,823,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Syntax Research Inc. purchased a new stake in shares of SpaceX during the second quarter worth about $26,000. Atwood & Palmer Inc. purchased a new position in shares of SpaceX in the 2nd quarter valued at approximately $29,000. PayPay Securities Corp acquired a new stake in SpaceX in the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new stake in SpaceX in the 2nd quarter worth approximately $32,000. Finally, POM Investment Strategies LLC purchased a new stake in SpaceX during the 2nd quarter worth approximately $39,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPCX. Arete Research set a $450.00 target price on SpaceX in a research report on Tuesday, August 11th. Guggenheim initiated coverage on SpaceX in a research note on Friday, August 7th. They set a "buy" rating on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of SpaceX in a report on Monday, August 31st. Mizuho began coverage on SpaceX in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 price objective for the company. Finally, Bank of America began coverage on SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $235.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, SpaceX has an average rating of "Moderate Buy" and an average target price of $221.06.

SpaceX Price Performance

Shares of SpaceX stock opened at $147.55 on Thursday. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The firm has a market cap of $1.93 trillion and a PE ratio of -1,639.44. The business's 50 day moving average is $135.28. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. SpaceX's revenue was up 91.9% compared to the same quarter last year. As a group, research analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Pivotal Research initiated coverage with a Buy rating and a $220 price target, citing potential upside from Starlink’s expansion into wireless and terrestrial communications if SpaceX can achieve reusable Starship operations. Why SpaceX Stock Is Rising Today and What Wall Street Expects Next
• Positive Sentiment: Investors continue to see potential catalysts from SpaceX’s non-space businesses, including Starlink, AI infrastructure and wireless services. JPMorgan also estimated that a Nasdaq-100 rebalancing could produce approximately $15.5 billion in passive buying. SpaceX Could Draw $15.5B in Passive Buying as Nasdaq Rebalance Looms
• Positive Sentiment: Recent operating momentum remains supportive: SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and exceeded the consensus EPS estimate. Partnerships involving OpenAI, Cloudflare and orbital semiconductor manufacturing also reinforce the company’s broader technology strategy.
• Neutral Sentiment: SpaceX’s investment case is increasingly tied to AI data centers and other businesses beyond launch services. Analysts argue these divisions must continue performing strongly to justify the company’s exceptionally high valuation. SpaceX Stock Is Still Below Its Opening Price
• Negative Sentiment: Up to 319 million insider shares, valued at roughly $47 billion to $49 billion, became eligible for sale under the latest lock-up expiration. The potential increase in tradable supply is creating substantial selling pressure, with additional unlocks still ahead. SpaceX Falls More Than 4% as 319 Million Shares Unlock
• Negative Sentiment: SpaceX also faces execution concerns in rapidly building AI data centers. Some facilities reportedly operated without backup power for months, and the company faces a $920 million deadline to address related requirements. SpaceX AI Data Center Deadline

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems, serving commercial, government and scientific customers.

SpaceX's principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.

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