North Dakota State Investment Board Makes New $2.57 Million Investment in SpaceX $SPCX

North Dakota State Investment Board bought a new position in SpaceX (NASDAQ:SPCX) during the third quarter, Holdings Channel.com reports. The institutional investor bought 17,052 shares of the company’s stock, valued at approximately $2,572,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VestGen Advisors LLC raised its stake in SpaceX by 285.5% in the third quarter. VestGen Advisors LLC now owns 37,855 shares of the company’s stock valued at $5,711,000 after purchasing an additional 28,035 shares in the last quarter. Vaquero Private Wealth Ltd. bought a new stake in SpaceX during the third quarter valued at approximately $321,000. Thrive Capital Management LLC purchased a new position in SpaceX in the 2nd quarter worth approximately $3,231,681,000. Laurel Wealth Advisors LLC grew its stake in SpaceX by 1,683.8% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 36,995 shares of the company’s stock worth $5,581,000 after buying an additional 34,921 shares in the last quarter. Finally, Convergence Financial LLC increased its holdings in shares of SpaceX by 13.3% in the 3rd quarter. Convergence Financial LLC now owns 30,285 shares of the company’s stock worth $4,569,000 after buying an additional 3,545 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPCX. Moffett Nathanson lifted their price objective on shares of SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. Mizuho set a $205.00 target price on shares of SpaceX in a research report on Wednesday, October 21st. TD Cowen increased their target price on SpaceX from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Daiwa Securities Group started coverage on SpaceX in a research report on Thursday, July 2nd. They set a “neutral” rating and a $175.00 price target on the stock. Finally, Phillip Securities raised SpaceX from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, SpaceX has an average rating of “Moderate Buy” and an average price target of $244.97.

SpaceX Stock Performance

SPCX stock opened at $143.89 on Friday. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The stock has a market cap of $1.90 trillion and a P/E ratio of 553.42. The stock’s 50 day moving average price is $149.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company had revenue of $14.57 billion during the quarter. During the same period last year, the business earned ($0.36) earnings per share. The company’s revenue was up 161.4% on a year-over-year basis. Sell-side analysts forecast that SpaceX will post 0.13 earnings per share for the current year.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

Insiders Place Their Bets

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

About SpaceX

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.