Corient Private Wealth LP Invests $5.09 Million in SpaceX $SPCX

Key Points

• Corient Private Wealth purchased 29,814 SpaceX shares worth approximately $5.09 million during the second quarter. Several other institutional investors also opened positions, including K5 Global Advisor, which invested roughly $6.59 billion.
• SpaceX reported $7.81 billion in quarterly revenue, up 91.9% year over year, and exceeded EPS expectations, though it remains unprofitable. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $221.42.
• Growth prospects include expanded Starlink mobile services, new NASA launch contracts and potential orbital AI-computing initiatives, but Starship delays, retail selling and SpaceX’s elevated valuation present notable risks.

Corient Private Wealth LP bought a new position in SpaceX (NASDAQ:SPCX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,814 shares of the company's stock, valued at approximately $5,094,000.

Other hedge funds also recently made changes to their positions in the company. K5 Global Advisor LLC purchased a new stake in SpaceX during the 2nd quarter worth $6,587,531,000. Hyperion Asset Management Ltd acquired a new stake in SpaceX in the second quarter valued at approximately $201,137,000. Bond Capital Management LP acquired a new stake in SpaceX in the second quarter valued at approximately $180,620,000. Value Aligned Research Advisors LLC purchased a new stake in shares of SpaceX during the second quarter valued at approximately $100,760,000. Finally, Tema ETFs LLC acquired a new position in shares of SpaceX during the second quarter worth $32,037,000.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink expansion received regulatory support. The FCC approved SpaceX’s authority for global Starlink mobile services, strengthening plans for direct-to-phone connectivity and space-based 5G. Elon Musk also said Starlink reliability now often exceeds cable broadband. SpaceX Wins FCC Nod for Global Starlink Mobile Services
• Positive Sentiment: NASA selected SpaceX to launch the StarBurst science satellite. The award adds to SpaceX’s launch backlog and reinforces its position with government customers. NASA Picks SpaceX to Hunt Cosmic Explosions With StarBurst
• Positive Sentiment: AI and orbital-computing ambitions continue to attract investors. SpaceX is reportedly considering purchases of startup data for AI training and may begin launching NVIDIA computing hardware into orbit as early as 2027. These initiatives could create new revenue streams beyond rockets and Starlink, although they remain early-stage. SpaceX Reportedly Wants to Buy Data from Failed Startups for AI Training
• Positive Sentiment: Potential Nasdaq-100 rebalancing demand is a near-term technical tailwind. Reports suggest SpaceX’s index weighting could increase substantially, potentially generating billions of dollars in passive fund purchases. Morgan Stanley also reportedly sees substantial upside from current levels. SpaceX Nasdaq-100 Weight Increase
• Neutral Sentiment: Strong operating momentum supports the valuation narrative. Recent results showed $7.81 billion in revenue, up 91.9% year over year, while management is targeting a $100 billion annualized revenue run rate. However, the company remains unprofitable on an EPS basis and its valuation leaves little room for execution setbacks.
• Negative Sentiment: Starship’s first orbital flight was delayed by six days and is now targeted for September 28, pending regulatory approval. The postponement reduces the immediacy of a major catalyst and highlights the execution risk surrounding Starship’s role in future Starlink expansion. SpaceX Stock Falls After Starship Flight Delay
• Negative Sentiment: Retail investors have been selling. Reports cite hundreds of millions of dollars in recent retail disposals, adding supply despite optimistic analyst forecasts. The distribution of roughly $8.5 billion in SpaceX shares by Valor Equity Partners may also reinforce concerns about shareholder selling and increased float. SpaceX Stock Selling by Retail Investors

SpaceX Stock Down 1.4%

SPCX stock opened at $152.71 on Friday. 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 has a 12-month low of $104.83 and a 12-month high of $225.64. The business has a 50 day moving average of $134.69. The stock has a market cap of $2.00 trillion and a P/E ratio of -1,696.78.

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

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research analyst reports. Clear Str upgraded SpaceX to a "strong-buy" rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded shares of SpaceX from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price target on shares of SpaceX in a report on Wednesday, August 5th. Wolfe Research restated an "outperform" rating and set a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Finally, Mizuho assumed coverage on SpaceX in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $200.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company's stock. According to data from MarketBeat, SpaceX presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.42.

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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