Dynamic Advisor Solutions LLC Purchases Shares of 19,802 SpaceX $SPCX

Key Points

• Dynamic Advisor Solutions acquired 19,802 SpaceX shares worth approximately $3.38 million in the second quarter, while several other institutional investors also initiated positions.
• SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, and beat earnings expectations with an EPS loss of $0.09 versus the projected $0.26 loss. Shares opened at $114.92, up 6.1%.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and average price target of $229.71; however, high capital spending, continued losses, potential share unlocks and valuation concerns pose risks.

Dynamic Advisor Solutions LLC purchased a new position in SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,802 shares of the company's stock, valued at approximately $3,383,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Burkett Financial Services LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at $70,000. Dogwood Wealth Management LLC purchased a new position in SpaceX in the 2nd quarter worth $139,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in SpaceX during the 2nd quarter worth about $566,000.

SpaceX Stock Up 6.1%

Shares of NASDAQ SPCX opened at $114.92 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.22 and a quick ratio of 1.11. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its 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 during the quarter. The firm's revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts forecast that SpaceX will post -0.64 EPS for the current year.

Wall Street Analyst Weigh In

SPCX has been the topic of a number of research reports. Susquehanna initiated coverage on SpaceX in a report on Tuesday, June 23rd. They issued a "neutral" rating and a $170.00 price objective on the stock. Oppenheimer lifted their target price on SpaceX from $190.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, June 18th. The Goldman Sachs Group initiated coverage on SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $205.00 target price on the stock. Wells Fargo & Company cut their price target on shares of SpaceX from $230.00 to $215.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of SpaceX in a research report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $229.71.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The 911.5 million-share unlock was absorbed relatively well. Shares held up even as roughly $100 billion of insider and early-investor stock became eligible for trading, suggesting demand from retail and institutional investors may be offsetting potential selling. SpaceX Stock Defies Lock-up Fears
• Positive Sentiment: Terafab gives SpaceX another major growth narrative. SpaceX and Tesla confirmed an initial $16.8 billion investment in an AI-chip factory in Texas. SpaceX also plans dedicated power plants and battery storage for the facility, potentially expanding its AI-computing and semiconductor capabilities. SpaceX says Terafab to be built in Texas
• Positive Sentiment: Analysts and prominent investors remain bullish. Bernstein raised its price target, while JPMorgan, Needham, Cantor Fitzgerald, and others cited potential monetization of AI, Starlink, and cloud-computing investments. Cathie Wood’s ARK funds also reportedly bought shares during the selloff. Bernstein lifts SpaceX price target
• Neutral Sentiment: Recent earnings were operationally strong but financially expensive. Second-quarter revenue rose 91.9% to $7.81 billion, beating estimates, while Starlink subscribers reached 12 million and AI revenue grew rapidly. However, SpaceX reported a loss and spent $18.4 billion on capital expenditures, including $15.8 billion on AI infrastructure. SpaceX beats Q2 estimates
• Negative Sentiment: Supply and valuation risks remain significant. Additional lock-up expirations could make more than 4 billion shares tradable by year-end, while heavy cash burn, customer concentration, uncertain AI returns, and a very high valuation could renew selling pressure.

SpaceX Profile

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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