Hyperion Asset Management Ltd Invests $201.14 Million in SpaceX $SPCX

Hyperion Asset Management Ltd acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,177,203 shares of the company’s stock, valued at approximately $201,137,000. SpaceX makes up 5.3% of Hyperion Asset Management Ltd’s holdings, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPCX. Tema ETFs LLC purchased a new stake in SpaceX in the 2nd quarter valued at $32,037,000. Teamwork Financial Advisors LLC purchased a new position in shares of SpaceX during the 2nd quarter worth $8,027,000. Heck Capital Advisors LLC acquired a new position in shares of SpaceX during the 2nd quarter valued at about $3,768,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of SpaceX in the second quarter valued at about $3,383,000. Finally, Sage Capital Advisors llc purchased a new stake in shares of SpaceX in the second quarter valued at about $3,254,000.

SpaceX Stock Performance

Shares of SPCX opened at $133.29 on Wednesday. The firm has a fifty day moving average price of $143.01. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (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. Sell-side analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX successfully launched 24 Starlink satellites from Vandenberg Space Force Base, reinforcing its launch cadence and Starlink expansion. Why SpaceX Is Getting a Stock Bounce After Starlink Satellite Launch
• Positive Sentiment: Elon Musk said SpaceX’s artificial-intelligence revenue will “definitely” exceed its other income next month, strengthening the investment narrative around AI alongside rockets and Starlink. Elon Musk Declares SpaceX AI Revenue Will Definitely Exceed All Other Income Next Month
• Positive Sentiment: Long-term bullish views remain a counterweight to the pullback. Morgan Stanley cited potential AI upside and maintained a $300 base-case target with a $600 bull case, while Norway’s sovereign wealth fund disclosed a SpaceX stake. Morgan Stanley Sees $600 Bull Case for SpaceX
• Neutral Sentiment: Potential Tesla–SpaceX transaction developments continue to attract attention, but the merger-related reporting concerns Elon Musk’s Tesla compensation agreement and does not represent a confirmed deal. SpaceX and Tesla Merger Reporting
• Negative Sentiment: Another insider share-unlock event is scheduled for Aug. 21, potentially making approximately $42.5 billion of stock eligible for sale. The prospect of substantial supply is pressuring sentiment even though the earlier unlock did not trigger a major selloff. SpaceX Insider Share Unlock Event
• Negative Sentiment: Investors remain concerned that SpaceX’s ambitious AI infrastructure plans require heavy capital spending. With shares valued on aggressive future growth assumptions, any delay in AI monetization or weaker-than-expected execution could lead to further multiple compression.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPCX. Citigroup cut shares of SpaceX from a “buy” rating to a “sell” rating in a research note on Friday. Wolfe Research reiterated an “outperform” rating on shares of SpaceX in a report on Wednesday, August 5th. Roth Capital upgraded shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Bank of America began coverage on SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $235.00 price objective on the stock. Finally, KeyCorp reissued a “sector weight” rating on shares of SpaceX in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $229.00.

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.