Bond Capital Management LP Makes New $180.62 Million Investment in SpaceX $SPCX

Key Points

• Bond Capital Management acquired 1.06 million SpaceX shares worth approximately $180.6 million, making SPCX its largest portfolio holding at 59.2%. Several other institutional investors also initiated positions during the second quarter.
• SpaceX reported strong operating momentum, with quarterly revenue up 91.9% year over year to $7.81 billion and earnings beating estimates. Analysts maintain a “Moderate Buy” consensus with an average target price of $221.20.
• Despite bullish growth prospects tied to Falcon 9, Starlink and AI infrastructure, investors face risks from the Sept. 9 share unlock, heavy capital spending, ongoing losses and elevated valuation. Shares opened at $147.95, down 1.2%.

Bond Capital Management LP acquired a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,057,120 shares of the company's stock, valued at approximately $180,620,000. SpaceX accounts for approximately 59.2% of Bond Capital Management LP's investment portfolio, making the stock its biggest position.

Other hedge funds also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of SpaceX during the 2nd quarter worth $566,000. Burkett Financial Services LLC purchased a new stake in SpaceX during the second quarter worth about $70,000. Dogwood Wealth Management LLC purchased a new stake in SpaceX during the second quarter worth about $139,000. Dynamic Advisor Solutions LLC bought a new stake in SpaceX in the second quarter worth about $3,383,000. Finally, Apella Capital LLC purchased a new position in SpaceX in the second quarter valued at about $452,000.

SpaceX News Summary

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 Stock Down 1.2%

Shares of NASDAQ:SPCX opened at $147.95 on Friday. 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 company has a market capitalization of $1.93 trillion and a price-to-earnings ratio of -1,643.89. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The stock's 50-day simple moving average is $136.15.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX's quarterly revenue was up 91.9% on a year-over-year basis. Analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Phillip Securities raised shares of SpaceX to a "strong sell" rating in a research report on Friday, July 31st. Susquehanna cut shares of SpaceX from a "neutral" rating to an "underperform" rating in a report on Friday, August 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of SpaceX in a research note on Monday, August 31st. JPMorgan Chase & Co. initiated coverage on SpaceX in a report on Tuesday, July 7th. They set an "overweight" rating and a $225.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on SpaceX from $230.00 to $215.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, SpaceX has an average rating of "Moderate Buy" and a consensus target price of $221.20.

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.

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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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