Sage Capital Advisors llc Buys New Stake in SpaceX $SPCX

Sage Capital Advisors llc purchased a new stake in SpaceX (NASDAQ:SPCX) during the second quarter, according to its most recent filing with the SEC. The fund purchased 19,043 shares of the company’s stock, valued at approximately $3,254,000.

Several other hedge funds have also bought and sold shares of the stock. Teamwork Financial Advisors LLC bought a new position in shares of SpaceX during the 2nd quarter valued at about $8,027,000. Dynamic Advisor Solutions LLC bought a new position in shares of SpaceX during the 2nd quarter valued at approximately $3,383,000. Castle Rock Wealth Management LLC purchased a new position in shares of SpaceX in the second quarter valued at $2,310,000. Assenagon Asset Management S.A. purchased a new position in shares of SpaceX in the second quarter valued at $2,502,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in SpaceX in the second quarter worth $1,636,000.

SpaceX Trading Up 4.2%

Shares of NASDAQ:SPCX opened at $138.74 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The firm’s 50-day moving average price is $143.24.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’s revenue was up 91.9% on a year-over-year basis. Sell-side analysts anticipate that SpaceX will post -0.11 earnings per share for the current year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The expiration of a lockup covering roughly 900 million to 911 million shares did not trigger the sharp selloff investors had feared. The stock’s resilience suggests that much of the potential insider selling had already been anticipated. Another release is expected on August 20, making future supply a key trading risk. SpaceX’s First Lockup Expired Last Week
• Positive Sentiment: SpaceX reported $7.81 billion of quarterly revenue, up 91.9% year over year, and a loss of $0.09 per share that was narrower than analysts expected. The strong top-line growth is supporting the bullish view that Starlink and the company’s launch business can become major long-term growth engines. SpaceX stock rebounds to near $135 IPO price
• Positive Sentiment: ARK Invest bought approximately $13.2 million of SpaceX shares after the earnings-related selloff, while some analysts upgraded the stock. Support from high-profile investors is reinforcing the recovery and short-squeeze speculation. Why Cathie Wood is piling into SpaceX stock
• Neutral Sentiment: A planned launch using a Falcon 9 booster for its 18th flight highlights SpaceX’s reusability advantage and operational execution, but a routine launch is unlikely to materially change valuation by itself. SpaceX Will Fly the Same Falcon 9 Booster for an 18th Time
• Negative Sentiment: Investors remain concerned about massive capital expenditures of $18.4 billion in the quarter, with AI-related spending representing most of the total. SpaceX continues to lose money, and its valuation already assumes successful execution of ambitious AI, Starlink, and orbital data-center plans. Elon Musk’s SpaceX Just Delivered Its First Earnings Report
• Negative Sentiment: Retail investors became net sellers for the first time since the IPO, and skeptics describe SpaceX as highly speculative. Potential future insider selling and the company’s continued cash burn could limit the recovery. Retail investors sold SpaceX shares for first time

Wall Street Analysts Forecast Growth

Several research firms have commented on SPCX. Evercore assumed coverage on shares of SpaceX in a research report on Tuesday, July 14th. They set an “outperform” rating and a $230.00 price objective for the company. Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a research report on Monday, June 22nd. Sanford C. Bernstein set a $248.00 price target on shares of SpaceX in a report on Thursday. KGI Securities cut SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Arete Research set a $401.00 price objective on SpaceX and gave the company a “buy” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus price target of $227.31.

SpaceX Profile

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.