Darsana Capital Partners LP Acquires New Holdings in SpaceX $SPCX

Darsana Capital Partners LP bought a new stake in SpaceX (NASDAQ:SPCX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 101,461,915 shares of the company’s stock, valued at approximately $17,335,783,000. SpaceX makes up about 77.8% of Darsana Capital Partners LP’s investment portfolio, making the stock its largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new position in shares of SpaceX in the 2nd quarter valued at $566,000. Burkett Financial Services LLC bought a new position in SpaceX during the second quarter worth about $70,000. Dogwood Wealth Management LLC acquired a new position in SpaceX in the second quarter valued at about $139,000. Dynamic Advisor Solutions LLC bought a new stake in shares of SpaceX in the second quarter worth about $3,383,000. Finally, Apella Capital LLC bought a new stake in shares of SpaceX in the second quarter worth about $452,000.

SpaceX News Roundup

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Susquehanna cut SpaceX from a “neutral” rating to an “underperform” rating in a report on Friday, August 7th. Guggenheim initiated coverage on shares of SpaceX in a report on Friday, August 7th. They set a “buy” rating on the stock. Bank of America started coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $235.00 price target on the stock. Seaport Research Partners cut shares of SpaceX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Finally, HSBC started coverage on shares of SpaceX in a research report on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective 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 issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.06.

SpaceX Stock Performance

NASDAQ: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 company has a market capitalization of $1.93 trillion and a P/E ratio of -1,639.44. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64. The stock’s 50-day moving average price is $135.28.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) 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. The company’s revenue was up 91.9% on a year-over-year basis. On average, research analysts predict 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.