Sequoia Financial Advisors LLC Takes Position in SpaceX $SPCX

Key Points

• Sequoia Financial Advisors acquired 15,954 SpaceX shares during the second quarter, valued at approximately $2.73 million. Several other institutional investors also initiated positions, including Dynamic Advisor Solutions with a stake worth about $3.38 million.
• Analyst sentiment remains broadly positive, with SpaceX receiving a consensus “Moderate Buy” rating and an average price target of $221.06, despite ratings ranging from “Strong Buy” to “Sell.”
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and an adjusted loss of $0.09 per share that beat expectations. Shares opened at $151.21, while the stock’s 52-week range is $104.83 to $225.64.

Sequoia Financial Advisors LLC purchased a new position in SpaceX (NASDAQ:SPCX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,954 shares of the company's stock, valued at approximately $2,726,000.

A number of other institutional investors also recently added to or reduced their stakes in SPCX. KERR FINANCIAL PLANNING Corp purchased a new position in SpaceX in the second quarter valued at about $566,000. Burkett Financial Services LLC bought a new stake in shares of SpaceX in the 2nd quarter valued at about $70,000. Dogwood Wealth Management LLC bought a new stake in shares of SpaceX in the 2nd quarter valued at about $139,000. Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX in the 2nd quarter worth approximately $3,383,000. Finally, Apella Capital LLC bought a new position in shares of SpaceX during the 2nd quarter worth approximately $452,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SPCX shares. Moffett Nathanson assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a "neutral" rating and a $131.00 target price for the company. KeyCorp reaffirmed a "sector weight" rating on shares of SpaceX in a report on Tuesday, July 28th. Phillip Securities raised SpaceX to a "strong sell" rating in a research report on Friday, July 31st. Weiss Ratings assumed coverage on SpaceX in a report on Tuesday, September 1st. They set a "sell (d)" rating for the company. Finally, Benchmark initiated coverage on SpaceX in a research report on Monday, June 22nd. They issued a "buy" rating for the company. Two investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $221.06.

SpaceX Price Performance

SPCX stock opened at $151.21 on Monday. The stock has a 50 day moving average of $134.79. The firm has a market cap of $1.98 trillion and a PE ratio of -1,680.11. 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.

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

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX CFO Bret Johnsen disclosed a new AI-computing agreement worth approximately $1.11 billion per month, or more than $13 billion in annual recurring revenue, beginning December 1. The contract strengthens management’s case for reaching its $100 billion annual recurring-revenue target. SpaceX Closes $1.11 Billion-a-Month Compute Deal
• Positive Sentiment: Management expects Starship Flight 14 to generate revenue for the first time later this month, with the mission carrying production Starlink satellites. A successful revenue flight would mark progress from demonstrations toward a commercial launch business. Starship Revenue Flight 14
• Positive Sentiment: Goldman Sachs reaffirmed a Buy rating and $220 price target, citing accelerating AI, Starship and Starlink growth. William Blair also maintained a bullish view tied to multibillion-dollar SpaceX AI contracts. Goldman Sachs Reaffirms Buy Rating
• Positive Sentiment: Britain’s confirmation that it uses SpaceX’s military satellite network, alongside a reported Starshield contract and a successful Space Force launch, supports demand for the company’s government and defense services. Britain Uses SpaceX Military Network
• Neutral Sentiment: SpaceX is reportedly reconsidering the pace and structure of its AI data-center buildout. A more efficient strategy could improve returns, but slower expansion could delay projected AI revenue growth. SpaceX Data-Center Buildout Report
• Negative Sentiment: A 319-million-share lockup release has increased potential selling pressure, with additional shares reportedly scheduled to become tradable. SpaceX Lockup Release
• Negative Sentiment: Some analysts and commentators warn that SpaceX’s valuation—reported at roughly 98 times sales—leaves little room for execution errors. Isar Aerospace’s successful orbital launch also highlights rising European competition. Isar Aerospace Reaches Orbit
• Negative Sentiment: SpaceX’s lawsuit seeking to keep Texas Terafab tax-break records private may create reputational and regulatory concerns around its AI infrastructure expansion. SpaceX Terafab Records Lawsuit

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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