Miramontes Capital LLC Buys New Stake in SpaceX $SPCX

by · The Markets Daily

Miramontes Capital LLC bought a new position in shares of SpaceX (NASDAQ:SPCX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,602 shares of the company’s stock, valued at approximately $786,000.

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

SpaceX Price Performance

SPCX opened at $147.55 on Thursday. The firm has a market capitalization of $1.93 trillion and a P/E ratio of -1,639.44. 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 business’s fifty day simple moving average is $135.28. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, equities research analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Trending Headlines about 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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SPCX shares. Daiwa Securities Group started coverage on shares of SpaceX in a research note on Thursday, July 2nd. They set a “neutral” rating and a $175.00 target price for the company. Benchmark initiated coverage on shares of SpaceX in a report on Monday, June 22nd. They set a “buy” rating on the stock. Oppenheimer upped their price objective on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Friday, August 7th. Finally, Guggenheim assumed coverage on SpaceX in a research 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 assigned a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $221.06.

View Our Latest Stock Report on SpaceX

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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