Readystate Asset Management LP Invests $16.49 Million in SpaceX $SPCX

Readystate Asset Management LP purchased a new position in SpaceX (NASDAQ:SPCX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 96,500 shares of the company’s stock, valued at approximately $16,488,000.

Other large investors have also recently added to or reduced their stakes in the company. Syntax Research Inc. acquired a new position in SpaceX during the 2nd quarter worth $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth about $29,000. PayPay Securities Corp acquired a new stake in shares of SpaceX in the 2nd quarter valued at about $30,000. Marquette Asset Management LLC bought a new position in shares of SpaceX during the second quarter worth about $32,000. Finally, POM Investment Strategies LLC acquired a new position in SpaceX in the second quarter worth about $39,000.

Key Stories Impacting SpaceX

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SPCX shares. Piper Sandler lowered their price objective on SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. HSBC began coverage on SpaceX in a research report on Thursday, July 23rd. They issued a “hold” rating and a $115.00 target price for the company. Royal Bank Of Canada downgraded SpaceX from an “outperform” rating to a “hold” rating in a report on Friday, August 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of SpaceX in a research report on Monday, August 31st. Finally, Raymond James Financial downgraded shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.20.

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 company’s 50 day moving average is $136.15. The company has a market capitalization of $1.93 trillion and a price-to-earnings ratio of -1,643.89. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last released 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% on a year-over-year basis. As a group, analysts predict that SpaceX will post -0.15 EPS for the current fiscal year.

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.