11,591 Shares in SpaceX $SPCX Purchased by Tucker Asset Management LLC

Tucker Asset Management LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,591 shares of the company’s stock, valued at approximately $1,980,000. SpaceX makes up 0.5% of Tucker Asset Management LLC’s holdings, making the stock its 29th largest position.

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

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 Stock Performance

NASDAQ SPCX opened at $147.95 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock’s fifty day moving average is $136.15. The firm has a market capitalization of $1.93 trillion and a price-to-earnings ratio of -1,643.89. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPCX. Wall Street Zen raised shares of SpaceX from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Stifel Nicolaus started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 target price for the company. HSBC initiated coverage on shares of SpaceX in a research note on Thursday, July 23rd. They issued a “hold” rating and a $115.00 price target on the stock. William Blair restated an “outperform” rating on shares of SpaceX in a research report on Friday, July 31st. Finally, Raymond James Financial cut shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and a consensus price target of $221.20.

About SpaceX

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.