HBK Investments L P Makes New $40.58 Million Investment in SpaceX $SPCX

HBK Investments L P purchased a new position in shares of SpaceX (NASDAQ:SPCX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 237,500 shares of the company’s stock, valued at approximately $40,579,000. SpaceX accounts for about 0.4% of HBK Investments L P’s investment portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Syntax Research Inc. bought a new stake in SpaceX during the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new position in SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX in the second quarter valued at approximately $30,000. Marquette Asset Management LLC acquired a new position in shares of SpaceX in the second quarter valued at approximately $32,000. Finally, Community Bank N.A. bought a new stake in shares of SpaceX during the second quarter worth $38,000.

SpaceX Trading Up 5.2%

Shares of SpaceX stock traded up $7.39 during trading on Wednesday, hitting $150.88. 108,265,751 shares of the stock were exchanged, compared to its average volume of 103,601,055. 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 fifty day moving average of $134.43. The firm has a market cap of $1.97 trillion and a PE ratio of -1,676.44. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its 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 firm had revenue of $7.81 billion during the quarter. SpaceX’s quarterly revenue was up 91.9% compared to the same quarter last year. Equities research analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Pivotal Research started coverage on shares of SpaceX in a research report on Tuesday, September 8th. They issued a “buy” rating and a $220.00 target price for the company. Canaccord Genuity Group began coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective for the company. Weiss Ratings started coverage on SpaceX in a research report on Tuesday, September 1st. They issued a “sell (d)” rating on the stock. Susquehanna lowered SpaceX from a “neutral” rating to an “underperform” rating in a report on Friday, August 7th. Finally, Stifel Nicolaus started coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $221.42.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship launch date provides a near-term catalyst. SpaceX is targeting September 22 for Starship’s 14th test flight, which could be the vehicle’s first attempt to place its upper stage into orbit and deploy Starlink V3 satellites. Success would support the company’s plans for reusable launches, lower launch costs and future commercial missions. SpaceX targets first Starship orbital test on September 22
• Positive Sentiment: Starlink’s potential capacity expansion is fueling optimism. Elon Musk claimed Starlink V3 could deliver more than 100 times the bandwidth of the current network. Analysts and investors are also highlighting the possibility of subscriber growth toward 24 million by the end of 2027, although these remain projections rather than committed guidance. Elon Musk touts 100 times more bandwidth with Starlink V3
• Positive Sentiment: Defense and AI initiatives broaden SpaceX’s growth story. Reports point to approximately $8.05 billion in announced defense awards, Starshield work and a potential role in the Pentagon’s Golden Dome program. Separately, SpaceX is pursuing AI hosting and orbital data-center projects, while Cathie Wood argued that Starship could eventually support enormous revenue growth. Space weapons put SPCX in market spotlight
• Neutral Sentiment: Merger speculation added interest but no transaction was announced. Investor Ron Baron said he would support an Elon Musk-led Tesla-SpaceX combination, while Musk again left the possibility open. The comments may increase speculation, but they do not establish deal terms, timing or value for SPCX shareholders. SpaceX-Tesla merger discussion
• Negative Sentiment: Valuation and upcoming share unlocks remain risks. Critics note that SPCX trades at an exceptionally high price-to-sales multiple and that many bullish revenue forecasts depend on unproven Starship and orbital-AI execution. Approximately 328 million additional shares are expected to become eligible for sale on September 24, potentially increasing supply and volatility. SpaceX’s next share unlock is coming

SpaceX Profile

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.