SC US Ttgp LTD. Takes Position in SpaceX $SPCX

SC US Ttgp LTD. acquired a new stake in shares of SpaceX (NASDAQ:SPCX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 122,519,145 shares of the company’s stock, valued at approximately $20,933,621,000. SpaceX comprises about 65.6% of SC US Ttgp LTD.’s holdings, making the stock its largest holding.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Roth Capital upgraded shares of SpaceX to a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC reissued a “buy” rating and set a $250.00 price target on shares of SpaceX in a report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on SpaceX in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $225.00 price target on the stock. Raymond James Financial lowered SpaceX from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Argus upgraded SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.06.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Pivotal Research initiated coverage with a Buy rating and a $220 price target, citing potential upside from Starlink’s expansion into wireless and terrestrial communications if SpaceX can achieve reusable Starship operations. Why SpaceX Stock Is Rising Today and What Wall Street Expects Next
• Positive Sentiment: Investors continue to see potential catalysts from SpaceX’s non-space businesses, including Starlink, AI infrastructure and wireless services. JPMorgan also estimated that a Nasdaq-100 rebalancing could produce approximately $15.5 billion in passive buying. SpaceX Could Draw $15.5B in Passive Buying as Nasdaq Rebalance Looms
• Positive Sentiment: Recent operating momentum remains supportive: SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and exceeded the consensus EPS estimate. Partnerships involving OpenAI, Cloudflare and orbital semiconductor manufacturing also reinforce the company’s broader technology strategy.
• Neutral Sentiment: SpaceX’s investment case is increasingly tied to AI data centers and other businesses beyond launch services. Analysts argue these divisions must continue performing strongly to justify the company’s exceptionally high valuation. SpaceX Stock Is Still Below Its Opening Price
• Negative Sentiment: Up to 319 million insider shares, valued at roughly $47 billion to $49 billion, became eligible for sale under the latest lock-up expiration. The potential increase in tradable supply is creating substantial selling pressure, with additional unlocks still ahead. SpaceX Falls More Than 4% as 319 Million Shares Unlock
• Negative Sentiment: SpaceX also faces execution concerns in rapidly building AI data centers. Some facilities reportedly operated without backup power for months, and the company faces a $920 million deadline to address related requirements. SpaceX AI Data Center Deadline

SpaceX Stock Down 3.9%

Shares of SPCX opened at $147.55 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock has a 50-day moving average of $135.28. The stock has a market capitalization of $1.93 trillion and a PE ratio of -1,639.44. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share 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 business’s revenue was up 91.9% compared to the same quarter last year. On average, equities analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

SpaceX Company 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.