In this article, we study a class of stochastic partial differential equations with fractional differential operators subject to some time-independent multiplicative Gaussian noise. We derive sharp conditions, under which a unique global $L^p(Ω)$-solution exits for all $p\ge 2$. In this case, we derive exact moment asymptotics following the same strategy in a recent work by Balan et al [1]. In the case when there exits only a local solution, we determine the precise deterministic time, $T_2$, before which a unique $L^2(Ω)$-solution exits, but after which the series corresponding to the $L^2(Ω)$ moment of the solution blows up. By properly choosing the parameters, results in this paper interpolate the known results for both stochastic heat and wave equations.