B. Metzler seel. Sohn & Co. AG Takes Position in SpaceX $SPCX

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 11,202 SpaceX shares in the second quarter, valued at approximately $1.91 million. Several other investment firms also initiated positions during the period.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $221.20, despite some Hold and Sell ratings.
• SpaceX reported $7.81 billion in quarterly revenue, up 91.9% year over year, but shares face risks from a Sept. 9 share unlock, heavy capital spending, ongoing losses and a valuation near $1.93 trillion.

B. Metzler seel. Sohn & Co. AG bought a new position in SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,202 shares of the company's stock, valued at approximately $1,914,000.

Several other large investors have also added to or reduced their stakes in SPCX. KERR FINANCIAL PLANNING Corp acquired a new position in SpaceX in the 2nd quarter worth approximately $566,000. Burkett Financial Services LLC purchased a new stake in shares of SpaceX in the 2nd quarter valued at $70,000. Dogwood Wealth Management LLC acquired a new stake in shares of SpaceX in the second quarter worth $139,000. Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX during the second quarter worth $3,383,000. Finally, Apella Capital LLC purchased a new position in shares of SpaceX during the second quarter worth $452,000.

Analyst Ratings Changes

SPCX has been the topic of several recent research reports. Wedbush assumed coverage on shares of SpaceX in a report on Tuesday, June 30th. They issued an "outperform" rating and a $190.00 price target on the stock. KGI Securities cut SpaceX from an "outperform" rating to a "hold" rating in a report on Monday, June 22nd. Moffett Nathanson assumed coverage on SpaceX in a research note on Tuesday, July 7th. They issued a "neutral" rating and a $131.00 target price on the stock. Wolfe Research reaffirmed an "outperform" rating and set a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Finally, Barclays raised SpaceX from an "underweight" rating to an "overweight" rating in a report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock 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 Trading Down 1.2%

NASDAQ SPCX opened at $147.95 on Friday. The firm has a market cap of $1.93 trillion and a PE ratio of -1,643.89. The business has a 50-day simple moving average of $136.15. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve 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. Equities analysts predict that SpaceX will post -0.15 EPS for the current fiscal year.

About SpaceX

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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