Serenity Investment Advisors Invests $4.92 Million in SpaceX $SPCX

Key Points

• Serenity Investment Advisors bought 28,807 SpaceX shares worth approximately $4.92 million in the second quarter, making SPCX its 11th-largest holding and representing about 2.1% of its portfolio.
• Analyst sentiment is broadly positive: SpaceX has a consensus “Moderate Buy” rating and an average price target of $221.20, although Wells Fargo lowered its target to $215.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat EPS expectations; however, its extreme valuation, ongoing losses, heavy capital spending and an upcoming share unlock remain key risks.

Serenity Investment Advisors purchased a new stake in shares of SpaceX (NASDAQ:SPCX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,807 shares of the company's stock, valued at approximately $4,922,000. SpaceX makes up about 2.1% of Serenity Investment Advisors' portfolio, making the stock its 11th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in SPCX. Syntax Research Inc. bought a new position in SpaceX in the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX in the second quarter worth $30,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX in the second quarter worth $32,000. Finally, POM Investment Strategies LLC bought a new position in shares of SpaceX during the second quarter valued at $39,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Guggenheim began coverage on SpaceX in a report on Friday, August 7th. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of SpaceX from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. New Street Research raised shares of SpaceX to a "strong-buy" rating in a report on Thursday, June 11th. Wells Fargo & Company reduced their price target on shares of SpaceX from $230.00 to $215.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Finally, William Blair reissued an "outperform" rating on shares of SpaceX in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $221.20.

SpaceX Stock Performance

SpaceX stock opened at $147.95 on Monday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The firm's fifty day moving average price is $136.15. 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 stock has a market capitalization of $1.93 trillion and a PE ratio of -1,643.89.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results 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 firm had revenue of $7.81 billion during the quarter. The business's revenue was up 91.9% compared to the same quarter last year. As a group, sell-side analysts predict that SpaceX will post -0.15 EPS for the current fiscal year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Investor optimism remains high ahead of a planned Labor Day weekend Falcon 9 launch from Vandenberg. A successful mission would reinforce SpaceX’s launch reliability and market leadership. SpaceX Labor Day weekend rocket launch
• Positive Sentiment: Recent earnings continue to provide a fundamental underpinning: revenue rose roughly 92% year over year to $7.8 billion, while Starlink subscriber growth, connectivity demand and expanding AI-compute revenue fueled bullish views. Some analysts believe SpaceX’s AI infrastructure could become a major long-term growth engine. SpaceX market capitalization and growth outlook
• Positive Sentiment: A reported $10 million bullish options position betting on a recovery toward $175, along with bullish analyst targets, signals continued institutional and speculative interest in SPCX. SpaceX bullish options bet
• Neutral Sentiment: Starship Test 14 is approaching, reportedly with a potential launch window in mid-September. The event could be a meaningful catalyst, but investors are also focused on the risk of delays or another unsuccessful test. SpaceX Starship Test 14
• Negative Sentiment: The Sept. 9 share unlock is the most immediate overhang. Newly eligible insider and early-investor shares could increase supply and create selling pressure after the recent rally. SpaceX share unlock
• Negative Sentiment: Valuation and capital intensity remain significant risks. SpaceX reportedly spent $18.4 billion in one quarter, including $15.8 billion on AI, while remaining GAAP-loss-making. Critics argue that much of the company’s future success is already reflected in its multitrillion-dollar valuation. SpaceX valuation and capital spending analysis

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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