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

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

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

SpaceX Price Performance

Shares of NASDAQ SPCX opened at $147.95 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a market capitalization of $1.93 trillion and a P/E ratio of -1,643.89. The company’s fifty day moving average is $136.15.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data 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 company had revenue of $7.81 billion for the quarter. The business’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, sell-side analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SPCX. TD Cowen initiated coverage on SpaceX in a report on Monday, June 22nd. They set a “buy” rating on the stock. Wolfe Research reiterated an “outperform” rating and set a $175.00 price target on shares of SpaceX in a research report on Wednesday, August 26th. Weiss Ratings began coverage on SpaceX in a report on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Clear Str raised SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, DZ Bank initiated coverage on shares of SpaceX in a report on Friday, August 21st. They issued a “sell” rating and a $100.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus price target of $221.20.

SpaceX News Roundup

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

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.