Darsana Capital Partners LP Acquires Shares of 101,461,915 SpaceX $SPCX

Key Points

• Darsana Capital Partners acquired 101.46 million SpaceX shares valued at approximately $17.34 billion, making the company 77.8% of its portfolio and representing about 0.78% of SpaceX.
• Analyst sentiment is broadly positive: SpaceX has a “Moderate Buy” consensus rating, with an average price target of $221.06; recent coverage included Buy and Outperform ratings from Canaccord Genuity and Evercore.
• SpaceX reported $7.81 billion in quarterly revenue, up 91.9% year over year, but faces risks from a potential 319 million-share insider unlock and execution challenges related to its rapidly expanding AI data-center operations.

Darsana Capital Partners LP acquired a new position in SpaceX (NASDAQ:SPCX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 101,461,915 shares of the company's stock, valued at approximately $17,335,783,000. SpaceX makes up about 77.8% of Darsana Capital Partners LP's investment portfolio, making the stock its biggest position. Darsana Capital Partners LP owned about 0.78% of SpaceX as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the business. Engineers Gate Manager LP bought a new position in shares of SpaceX in the second quarter valued at about $416,000. Capital Analysts LLC bought a new stake in SpaceX during the 2nd quarter worth about $73,000. NorthRock Partners LLC acquired a new stake in SpaceX in the 2nd quarter valued at about $1,174,000. Integrated Wealth Concepts LLC bought a new position in shares of SpaceX in the second quarter worth about $6,390,000. Finally, Community Bank N.A. bought a new position in shares of SpaceX in the second quarter worth about $38,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SPCX shares. Canaccord Genuity Group started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a "buy" rating and a $246.00 price target on the stock. Barclays raised SpaceX from an "underweight" rating to an "overweight" rating in a report on Monday, June 22nd. Evercore started coverage on SpaceX in a research report on Tuesday, July 14th. They issued an "outperform" rating and a $230.00 price objective on the stock. Morgan Stanley restated an "overweight" rating on shares of SpaceX in a research report on Wednesday, August 26th. Finally, Zacks Research raised SpaceX to a "hold" rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, SpaceX currently has an average rating of "Moderate Buy" and an average price target of $221.06.

SpaceX News Roundup

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

SpaceX Stock Performance

SPCX opened at $147.55 on Thursday. The stock's fifty day simple moving average is $135.28. 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 52 week low of $104.83 and a 52 week high of $225.64. The firm has a market cap of $1.93 trillion and a price-to-earnings ratio of -1,639.44.

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

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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