NorthRock Partners LLC Purchases Shares of 6,869 SpaceX $SPCX

Posted by Stanley Muller on Sep 11th, 2026

NorthRock Partners LLC acquired a new stake in SpaceX (NASDAQ:SPCX – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 6,869 shares of the company’s stock, valued at approximately $1,174,000.

Several other institutional investors also recently modified their holdings of the company. K5 Global Advisor LLC bought a new stake in shares of SpaceX in the 2nd quarter valued at about $6,587,531,000. Hyperion Asset Management Ltd acquired a new position in SpaceX during the second quarter worth approximately $201,137,000. Bond Capital Management LP bought a new stake in SpaceX in the second quarter valued at approximately $180,620,000. Value Aligned Research Advisors LLC acquired a new stake in shares of SpaceX in the second quarter valued at approximately $100,760,000. Finally, Tema ETFs LLC acquired a new stake in shares of SpaceX in the second quarter valued at approximately $32,037,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: UK Starshield contract: Britain is reportedly spending nearly $40 million on SpaceX satellite services, providing validation for the Starshield defense business and a potential source of recurring international revenue. SpaceX Stock Rises as Britain Spends Nearly $40M on Satellite Services
Positive Sentiment: Successful government launch: SpaceX launched a U.S. Space Force mission from California, reinforcing its launch reliability and defense-contract credentials. SpaceX Launches Space Force Mission in California
Positive Sentiment: Starlink product upgrade: A fourth-generation router featuring Wi-Fi 7, broader coverage and support for more connected devices could improve Starlink’s consumer competitiveness and average revenue per user. SpaceX Gives Starlink a Major Wi-Fi Upgrade
Positive Sentiment: Analyst and institutional support: Pivotal Research initiated coverage with a Buy rating and a $220 target, while Third Point reported acquiring roughly $31 million of SpaceX shares after the IPO. Billionaire Investor Added SpaceX to His Portfolio
Neutral Sentiment: Data-center strategy shift: Reports that SpaceX may slow or redesign its AI data-center expansion could reduce near-term spending and execution risk, but may also delay projected AI revenue growth. SpaceX Shifting Gears With Data Center Buildout
Negative Sentiment: Valuation remains a concern: Commentary highlighting a valuation near 98 times sales and recent analyst caution is limiting enthusiasm, especially while SpaceX continues investing heavily in AI infrastructure. SpaceX Trades at 98 Times Sales
Negative Sentiment: Share-supply and transparency overhangs: Recent lockup expirations have made hundreds of millions of shares eligible for sale, while SpaceX is suing to keep Texas Terafab tax-break records private. Both developments can increase selling pressure or investor scrutiny. SpaceX Sues to Block Release of Terafab Tax-Break Records

Analysts Set New Price Targets

A number of research analysts recently weighed in on SPCX shares. Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. DZ Bank started coverage on SpaceX in a report on Friday, August 21st. They set a “sell” rating and a $100.00 price target for the company. Citigroup downgraded shares of SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Piper Sandler dropped their price objective on shares of SpaceX from $156.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and an average price target of $221.06.

Read Our Latest Stock Analysis on SpaceX

SpaceX Trading Up 0.4%

NASDAQ:SPCX opened at $148.18 on Friday. The business’s 50 day moving average price is $135.01. The firm has a market cap of $1.94 trillion and a PE ratio of -1,646.44. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. 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 (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The company’s revenue was up 91.9% on a year-over-year basis. As a group, sell-side analysts forecast that SpaceX will post -0.15 EPS for the current year.

About SpaceX

(Free Report)

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.

NorthRock Partners LLC Purchases Shares of 6,869 SpaceX $SPCX

SpaceX News Roundup

Analysts Set New Price Targets

SpaceX Trading Up 0.4%

About SpaceX

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