Carlson Financial Inc. Purchases Shares of 6,022 SpaceX $SPCX

Carlson Financial Inc. purchased a new position in SpaceX (NASDAQ:SPCX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,022 shares of the company’s stock, valued at approximately $1,029,000.

Several other hedge funds have also recently modified their holdings of SPCX. Syntax Research Inc. purchased a new position in shares of SpaceX in the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. purchased a new stake in SpaceX during the 2nd quarter worth approximately $29,000. PayPay Securities Corp acquired a new position in SpaceX during the 2nd quarter valued at approximately $30,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX in the second quarter worth $32,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of SpaceX during the second quarter worth $39,000.

SpaceX Stock Performance

SpaceX stock opened at $147.95 on Monday. The stock has a market cap of $1.93 trillion and a price-to-earnings ratio of -1,643.89. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a 50 day moving average of $136.15. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities research analysts forecast that SpaceX will post -0.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on SPCX. Piper Sandler decreased their target price on SpaceX from $156.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. William Blair reissued an “outperform” rating on shares of SpaceX in a research report on Friday, July 31st. Roth Capital upgraded shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Benchmark began coverage on shares of SpaceX in a report on Monday, June 22nd. They issued a “buy” rating on the stock. Finally, Moffett Nathanson started coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “neutral” rating and a $131.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, the company currently 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.