National Pension Service Buys Shares of 3,500,000 SpaceX $SPCX

National Pension Service bought a new stake in SpaceX (NASDAQ:SPCX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,500,000 shares of the company’s stock, valued at approximately $598,010,000.

Other large investors have also made changes to their positions in the company. Darsana Capital Partners LP bought a new position in SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in SpaceX during the second quarter worth $6,587,531,000. Hyperion Asset Management Ltd bought a new stake in SpaceX during the second quarter worth $201,137,000. Bond Capital Management LP acquired a new stake in shares of SpaceX in the 2nd quarter valued at $180,620,000. Finally, Value Aligned Research Advisors LLC bought a new position in shares of SpaceX in the 2nd quarter valued at $100,760,000.

SpaceX Stock Down 3.9%

Shares of SPCX stock opened at $147.55 on Thursday. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The stock’s fifty day moving average price is $135.28. 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 company has a market cap of $1.93 trillion and a price-to-earnings ratio of -1,639.44.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

SPCX has been the subject of several recent analyst reports. Roth Capital upgraded SpaceX to a “buy” rating in a research report on Monday, June 22nd. Pivotal Research initiated coverage on SpaceX in a research note on Tuesday. They set a “buy” rating and a $220.00 target price for the company. Susquehanna cut shares of SpaceX from a “neutral” rating to an “underperform” rating in a report on Friday, August 7th. Guggenheim initiated coverage on shares of SpaceX in a research note on Friday, August 7th. They issued a “buy” rating on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of SpaceX in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.06.

Key SpaceX News

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

About SpaceX

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.