Miramontes Capital LLC Makes New $786,000 Investment in SpaceX $SPCX

Miramontes Capital LLC bought a new stake in SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,602 shares of the company’s stock, valued at approximately $786,000.

A number of other hedge funds have also made changes to their positions in SPCX. SC US Ttgp LTD. bought a new position in SpaceX during the 2nd quarter valued at about $20,933,621,000. Darsana Capital Partners LP acquired a new stake in shares of SpaceX during the second quarter worth approximately $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX in the second quarter valued at approximately $6,587,531,000. Dragoneer Investment Group LLC acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $1,366,880,000. Finally, National Pension Service bought a new stake in SpaceX during the 2nd quarter worth approximately $598,010,000.

Wall Street Analysts Forecast Growth

SPCX has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $205.00 price objective for the company. Zacks Research upgraded SpaceX to a “hold” rating in a research note on Monday, June 15th. Arete Research set a $450.00 price target on shares of SpaceX in a research report on Tuesday, August 11th. Citigroup lowered shares of SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Finally, Benchmark began coverage on shares of SpaceX in a research report on Monday, June 22nd. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.06.

SpaceX Stock Performance

Shares of SPCX opened at $147.55 on Thursday. The company has a fifty day moving average price of $135.28. The company has a market cap of $1.93 trillion and a price-to-earnings ratio of -1,639.44. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, research analysts forecast that SpaceX will post -0.15 EPS for the current year.

SpaceX News Summary

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 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.