9,949 Shares in SpaceX $SPCX Purchased by Triumph Capital Management

Triumph Capital Management purchased a new stake in SpaceX (NASDAQ:SPCX) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 9,949 shares of the company’s stock, valued at approximately $1,700,000.

A number of other hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in shares of SpaceX in the second quarter valued at approximately $29,000. Marquette Asset Management LLC purchased a new stake in shares of SpaceX during the second quarter worth approximately $32,000. Burkett Financial Services LLC acquired a new position in SpaceX in the 2nd quarter valued at $70,000. Contravisory Investment Management Inc. purchased a new position in SpaceX in the 2nd quarter valued at $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SpaceX during the 2nd quarter worth $89,000.

SpaceX Stock Up 1.6%

NASDAQ:SPCX opened at $143.73 on Tuesday. The company has a fifty day simple moving average of $136.88. 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 has a market capitalization of $1.88 trillion and a P/E ratio of -1,597.00. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data 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 company had revenue of $7.81 billion during the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. Sell-side analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Cfra started coverage on shares of SpaceX in a research report on Friday, June 12th. They issued a “sell” rating and a $115.00 target price for the company. Piper Sandler lowered their price target on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Seaport Research Partners cut shares of SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, August 7th. Finally, The Goldman Sachs Group started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $205.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX currently has a consensus rating of “Moderate Buy” and an average price target of $220.20.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analysts remain optimistic about SpaceX’s long-term revenue opportunity. Bernstein reiterated an Outperform view, while other research notes highlighted Elon Musk’s projection that revenue could reach $3.5 trillion by 2033. Bernstein SpaceX outlook
• Positive Sentiment: SpaceX’s latest quarterly results provided a fundamental tailwind: revenue rose 91.9% year over year to $7.81 billion, and the company’s loss per share was narrower than analysts expected. Starlink is increasingly viewed as the company’s primary financial engine. Cathie Wood’s Ark bought SpaceX stock
• Positive Sentiment: A successful Falcon Heavy launch of NASA’s Nancy Grace Roman Space Telescope reinforced SpaceX’s launch reliability and commercial relationship with NASA. The company also scheduled two additional California launches this week. SpaceX launches Roman telescope
• Positive Sentiment: SpaceX is expanding beyond rockets and satellite internet by building a Texas facility to manufacture gas-turbine components. Management says the effort could reduce generator delays and help supply power for its planned AI infrastructure. A planned partnership with Nvidia for AI-powered satellites also supports the company’s broader growth narrative. SpaceX turbine-parts manufacturing
• Neutral Sentiment: New space-focused ETFs continue buying SpaceX, potentially supporting demand for the shares and increasing investor exposure to commercial launches, satellites and space infrastructure. Space ETFs buying SpaceX
• Neutral Sentiment: The September 9 share unlock will increase SpaceX’s public float to approximately 17.7%. It could improve liquidity, but additional shares becoming available may also create short-term selling pressure. SpaceX share unlock
• Negative Sentiment: NASA and SpaceX delayed the next astronaut launch to the International Space Station after identifying a leak on the Dragon spacecraft. Although a delay is not necessarily a mission failure, it creates near-term schedule and execution concerns. Dragon spacecraft launch delay
• Negative Sentiment: Investors remain concerned that SpaceX’s valuation already discounts aggressive growth. Bernstein estimates a standalone Starlink Mobile network could require roughly $50 billion to $130 billion of capital, while technical and fundamental analyses warn of another possible bearish phase. OpenAI’s decision to end Cursor’s access to its AI models adds uncertainty to SpaceX’s AI strategy. Starlink Mobile capital requirements

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.