Triumph Capital Management Takes Position in SpaceX $SPCX

Triumph Capital Management acquired a new stake in SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,949 shares of the company’s stock, valued at approximately $1,700,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. acquired a new position in SpaceX in the 2nd quarter valued at about $5,094,000. Hyperion Asset Management Ltd purchased a new stake in SpaceX during the second quarter worth about $201,137,000. Assenagon Asset Management S.A. acquired a new stake in shares of SpaceX during the second quarter worth about $2,502,000. Sage Capital Advisors llc purchased a new position in shares of SpaceX in the second quarter valued at approximately $3,254,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX in the second quarter valued at approximately $3,383,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPCX. Barclays raised shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. DZ Bank initiated coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 price target for the company. Canaccord Genuity Group assumed coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective on the stock. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada lowered SpaceX from an “outperform” rating to a “hold” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and a consensus price target of $220.20.

Key Headlines Impacting SpaceX

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

SpaceX Stock Up 1.6%

Shares of SPCX opened at $143.73 on Tuesday. The firm 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. 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 has a 50 day simple moving average of $136.88.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% on a year-over-year basis. On average, equities analysts anticipate 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.