SC US Ttgp LTD. Makes New Investment in SpaceX $SPCX

SC US Ttgp LTD. acquired a new position in SpaceX (NASDAQ:SPCX) during the second quarter, according to its most recent filing with the SEC. The firm acquired 122,519,145 shares of the company’s stock, valued at approximately $20,933,621,000. SpaceX comprises approximately 65.6% of SC US Ttgp LTD.’s holdings, making the stock its biggest holding. SC US Ttgp LTD. owned about 0.94% of SpaceX at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Syntax Research Inc. purchased a new stake in SpaceX in the second quarter worth $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp bought a new position in SpaceX in the 2nd quarter worth $30,000. Marquette Asset Management LLC bought a new position in SpaceX in the 2nd quarter worth $32,000. Finally, Community Bank N.A. purchased a new stake in shares of SpaceX in the 2nd quarter worth about $38,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. HSBC started coverage on shares of SpaceX in a research report on Thursday, July 23rd. They set a “hold” rating and a $115.00 price target on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of SpaceX in a research report on Tuesday, July 28th. William Blair reiterated an “outperform” rating on shares of SpaceX in a report on Friday, July 31st. Moffett Nathanson assumed coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $131.00 target price for the company. Finally, Wedbush began coverage on SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and an average target price of $221.06.

SpaceX Price Performance

Shares of SpaceX stock opened at $147.55 on Thursday. The company has a market cap of $1.93 trillion and a PE ratio of -1,639.44. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The stock has a 50-day moving average price of $135.28.

SpaceX (NASDAQ:SPCX) last issued 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. SpaceX’s revenue was up 91.9% compared to the same quarter last year. On average, equities analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

SpaceX News Roundup

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

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.