Bullseye Investment Management LLC Purchases New Position in SpaceX $SPCX

by · The Markets Daily

Bullseye Investment Management LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,942 shares of the company’s stock, valued at approximately $674,000.

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

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

  • Positive Sentiment: SpaceX CFO Bret Johnsen disclosed a new AI-computing agreement worth approximately $1.11 billion per month, or more than $13 billion in annual recurring revenue, beginning December 1. The contract strengthens management’s case for reaching its $100 billion annual recurring-revenue target. SpaceX Closes $1.11 Billion-a-Month Compute Deal
  • Positive Sentiment: Management expects Starship Flight 14 to generate revenue for the first time later this month, with the mission carrying production Starlink satellites. A successful revenue flight would mark progress from demonstrations toward a commercial launch business. Starship Revenue Flight 14
  • Positive Sentiment: Goldman Sachs reaffirmed a Buy rating and $220 price target, citing accelerating AI, Starship and Starlink growth. William Blair also maintained a bullish view tied to multibillion-dollar SpaceX AI contracts. Goldman Sachs Reaffirms Buy Rating
  • Positive Sentiment: Britain’s confirmation that it uses SpaceX’s military satellite network, alongside a reported Starshield contract and a successful Space Force launch, supports demand for the company’s government and defense services. Britain Uses SpaceX Military Network
  • Neutral Sentiment: SpaceX is reportedly reconsidering the pace and structure of its AI data-center buildout. A more efficient strategy could improve returns, but slower expansion could delay projected AI revenue growth. SpaceX Data-Center Buildout Report
  • Negative Sentiment: A 319-million-share lockup release has increased potential selling pressure, with additional shares reportedly scheduled to become tradable. SpaceX Lockup Release
  • Negative Sentiment: Some analysts and commentators warn that SpaceX’s valuation—reported at roughly 98 times sales—leaves little room for execution errors. Isar Aerospace’s successful orbital launch also highlights rising European competition. Isar Aerospace Reaches Orbit
  • Negative Sentiment: SpaceX’s lawsuit seeking to keep Texas Terafab tax-break records private may create reputational and regulatory concerns around its AI infrastructure expansion. SpaceX Terafab Records Lawsuit

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SPCX shares. TD Cowen began coverage on shares of SpaceX in a report on Monday, June 22nd. They issued a “buy” rating on the stock. Arete Research set a $450.00 price objective on shares of SpaceX in a research report on Tuesday, August 11th. William Blair restated an “outperform” rating on shares of SpaceX in a research note on Friday. Roth Capital upgraded shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Finally, Guggenheim began coverage on SpaceX in a report on Friday, August 7th. They set a “buy” rating on the stock. Two research 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.06.

View Our Latest Stock Analysis on SPCX

SpaceX Stock Up 2.0%

Shares of NASDAQ SPCX traded up $3.03 during mid-day trading on Friday, hitting $151.21. 78,854,370 shares of the company were exchanged, compared to its average volume of 104,593,492. The business’s 50 day moving average is $135.01. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. 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 $1.98 trillion and a price-to-earnings ratio of -1,680.11.

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

SpaceX Company Profile

(Free Report)

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.

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