Bullseye Investment Management LLC Takes $674,000 Position in SpaceX $SPCX

Bullseye Investment Management LLC purchased a new stake in SpaceX (NASDAQ:SPCX) during the second quarter, HoldingsChannel.com reports. The firm purchased 3,942 shares of the company’s stock, valued at approximately $674,000.

Several other large investors have also recently bought and sold shares of the business. SC US Ttgp LTD. acquired a new stake in SpaceX in the second quarter valued at $20,933,621,000. Darsana Capital Partners LP acquired a new position in shares of SpaceX during the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC purchased a new position in shares of SpaceX in the 2nd quarter valued at about $6,587,531,000. Dragoneer Investment Group LLC purchased a new position in shares of SpaceX in the 2nd quarter valued at about $1,366,880,000. Finally, National Pension Service acquired a new stake in shares of SpaceX in the second quarter valued at about $598,010,000.

SpaceX Stock Performance

NASDAQ:SPCX traded up $3.03 during mid-day trading on Friday, hitting $151.21. 78,854,370 shares of the company’s stock traded hands, compared to its average volume of 104,593,492. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $135.01. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The stock has a market capitalization of $1.98 trillion and a P/E ratio of -1,680.11.

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

Trending Headlines about SpaceX

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPCX. Guggenheim assumed coverage on shares of SpaceX in a research report on Friday, August 7th. They set a “buy” rating on the stock. KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft initiated coverage on SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $255.00 price target on the stock. DZ Bank assumed coverage on SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 price objective for the company. Finally, Pivotal Research initiated coverage on SpaceX in a report on Tuesday. They set a “buy” rating and a $220.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $221.06.

About SpaceX

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.