IFP Advisors Inc Acquires New Position in SpaceX $SPCX

Key Points

• IFP Advisors acquired 52,736 SpaceX shares in the second quarter, worth approximately $9.01 million, while several other institutional investors also opened new positions.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat analysts’ EPS expectations. Shares opened at $147.55, with a market capitalization of roughly $1.93 trillion.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $221.06, but risks include substantial insider share unlocks and execution challenges surrounding the company’s AI data centers.

IFP Advisors Inc bought a new stake in SpaceX (NASDAQ:SPCX - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 52,736 shares of the company's stock, valued at approximately $9,010,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Syntax Research Inc. acquired a new position in SpaceX during the second quarter worth $26,000. Atwood & Palmer Inc. acquired a new stake in SpaceX in the second quarter valued at $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX in the second quarter valued at $30,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX in the second quarter valued at $32,000. Finally, POM Investment Strategies LLC acquired a new position in shares of SpaceX during the 2nd quarter worth $39,000.

More SpaceX News

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

Shares of NASDAQ SPCX opened at $147.55 on Thursday. The stock's 50 day moving average price is $135.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market capitalization of $1.93 trillion and a price-to-earnings ratio of -1,639.44. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SPCX shares. Daiwa Securities Group initiated coverage on shares of SpaceX in a research note on Thursday, July 2nd. They issued a "neutral" rating and a $175.00 price objective on the stock. Sanford C. Bernstein restated an "outperform" rating on shares of SpaceX in a research report on Monday, August 31st. Evercore initiated coverage on shares of SpaceX in a report on Tuesday, July 14th. They issued an "outperform" rating and a $230.00 price target on the stock. HSBC initiated coverage on shares of SpaceX in a research note on Thursday, July 23rd. They set a "hold" rating and a $115.00 price objective for the company. Finally, Royal Bank Of Canada downgraded SpaceX from an "outperform" rating to a "hold" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $221.06.

SpaceX Company Profile

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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