Rep. Maria Elvira Salazar Sells Shares of SpaceX (NASDAQ:SPCX)

Key Points

• Rep. Maria Elvira Salazar sold $1,001–$15,000 of SpaceX shares on September 24 from her UBS IRA account, alongside similarly sized sales of holdings in 10 other companies.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat EPS expectations; analysts maintain a “Moderate Buy” consensus with an average price target of $219.77.
• Growth catalysts include expanded Starlink spectrum, approval for up to 15,000 next-generation satellites and a major American Airlines contract, while potential risks include planned share unlocks, possible $40 billion financing and delays to Starlink’s India launch.

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of SpaceX NASDAQ: SPCX. In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in SpaceX stock on September 24th. The trade occurred in the Representative's "UBS IRA ACCOUNT" account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Citigroup NYSE: C on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/24/2026.
• Sold $1,001 - $15,000 in shares of GE Aerospace NYSE: GE on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 9/24/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 9/24/2026.
• Sold $1,001 - $15,000 in shares of RH NYSE: RH on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 9/24/2026.

SpaceX Stock Down 4.2%

NASDAQ SPCX opened at $160.57 on Friday. The company has a market capitalization of $2.12 trillion and a price-to-earnings ratio of -1,784.11. The company's 50 day moving average price is $143.95. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company's revenue was up 91.9% on a year-over-year basis. On average, research analysts anticipate that SpaceX will post 0.09 earnings per share for the current year.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

SPCX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $235.00 price objective on shares of SpaceX in a research note on Monday, September 28th. Erste Group Bank assumed coverage on shares of SpaceX in a report on Thursday. They set a "hold" rating for the company. Wells Fargo & Company dropped their price target on SpaceX from $215.00 to $212.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 8th. Wolfe Research restated an "outperform" rating and issued a $175.00 price target on shares of SpaceX in a research note on Wednesday, August 26th. Finally, Bank of America assumed coverage on SpaceX in a research note on Tuesday, July 7th. They set a "buy" rating and a $235.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $219.77.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX agreed to acquire nationwide 800 MHz low-band spectrum licenses from Grain Management, giving Starlink a path to expand into indoor cellular coverage and compete more directly with AT&T, Verizon and T-Mobile. The deal remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses
• Positive Sentiment: The FCC approved SpaceX’s next-generation Starlink Mobile constellation of up to 15,000 satellites and waived a ground-carrier leasing requirement, strengthening the company’s direct-to-device strategy. FCC Approval for 15,000 Starlink Satellites
• Positive Sentiment: American Airlines plans to install Starlink internet on more than 1,000 aircraft, adding a substantial commercial customer and supporting recurring connectivity revenue. American Airlines to Add Starlink
• Neutral Sentiment: Elon Musk said he sees a path for SpaceX to reach a valuation in the “tens of trillions,” a bullish long-term forecast but one that offers no near-term financial guidance. Musk’s SpaceX Valuation Prediction
• Negative Sentiment: Reports that SpaceX may raise approximately $40 billion in loans and bonds to purchase Nvidia AI chips intensified concerns about leverage, capital allocation and the risk of spending heavily before AI-compute demand and returns are proven. Credit-default swap costs reportedly reached record levels. Apollo and Banks Discuss SpaceX Financing
• Negative Sentiment: Up to 328.4 million shares are scheduled to become eligible for sale on October 9, creating a potential increase in trading supply and selling pressure. SpaceX Share Unlock
• Negative Sentiment: Starlink’s India launch remains stalled amid a public dispute with local telecom interests and regulators, delaying access to a major potential market. Starlink India Launch Dispute

Institutional Investors Weigh In On SpaceX

Institutional investors have recently made changes to their positions in the company. SC US Ttgp LTD. purchased a new position in SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP purchased a new stake in SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX in the 2nd quarter worth $6,587,531,000. State Street Corp purchased a new position in shares of SpaceX in the second quarter worth $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new position in shares of SpaceX during the second quarter valued at $1,366,880,000.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida's 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida's 27th Congressional District. She won in the general election on November 5, 2024. Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

SpaceX Company Profile

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 designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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