Serenity Investment Advisors Takes Position in SpaceX $SPCX

Serenity Investment Advisors acquired a new position in SpaceX (NASDAQ:SPCX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,807 shares of the company’s stock, valued at approximately $4,922,000. SpaceX makes up 2.1% of Serenity Investment Advisors’ investment portfolio, making the stock its 11th largest position.

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

SpaceX Stock Performance

NASDAQ SPCX opened at $147.95 on Monday. The business has a 50 day simple moving average of $136.15. 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 12 month low of $104.83 and a 12 month high of $225.64. The stock has a market cap of $1.93 trillion and a PE ratio of -1,643.89.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The firm’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPCX shares. Bank of America began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $235.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $255.00 price target for the company. Canaccord Genuity Group initiated coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price objective for the company. TD Cowen began coverage on shares of SpaceX in a research report on Monday, June 22nd. They set a “buy” rating on the stock. Finally, Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock 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 issued a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $221.20.

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.