SpaceX (NASDAQ:SPCX) COO Gwynne Shotwell Sells 342,170 Shares of Company Stock

Key Points

• COO Gwynne Shotwell sold 342,170 SpaceX shares for approximately $52.5 million under a pre-arranged Rule 10b5-1 trading plan, reducing her direct ownership by 12.16% to about 2.47 million shares.
• SpaceX shares fell 0.2% to $148.03, while the company reported quarterly revenue of $7.81 billion, up 91.9% year over year, and an adjusted loss of $0.09 per share that beat estimates.
• Analysts maintain a “Moderate Buy” consensus with a $218.28 target price, but investors face risks from substantial insider and post-IPO share supply, continued losses, and the company’s very high valuation.

SpaceX (NASDAQ:SPCX - Get Free Report) COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Down 0.2%

SPCX traded down $0.33 on Thursday, hitting $148.03. 72,463,788 shares of the company were exchanged, compared to its average volume of 104,630,547. The business has a 50-day moving average price of $135.58. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The stock has a market capitalization of $1.94 trillion and a P/E ratio of -1,644.78.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. SpaceX's revenue was up 91.9% on a year-over-year basis. Equities analysts expect that SpaceX will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

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

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: NASA awarded SpaceX an additional $946 million to extend Crew Dragon missions through 2030, taking the program’s total contract value to nearly $6 billion. The award reinforces SpaceX’s government revenue base and strategic importance. NASA’s $946 Million SpaceX Award Extends Crew Dragon Through 2030
• Positive Sentiment: SpaceX and Nvidia have expanded their compute relationship, with SpaceX reportedly committing to Nvidia hardware. The partnership supports the company’s ambitions in AI infrastructure and space-based computing, although the investment required is substantial. SpaceX and Nvidia Just Deepened Their Compute Alliance
• Positive Sentiment: Analysts continue to cite Starlink, launch services, AI, and possible Tesla combination as significant long-term growth catalysts. Some bullish projections suggest the shares could recover toward $190 if revenue expectations for 2027 continue rising. SpaceX Is Poised to Reclaim a $190 Share Price
• Neutral Sentiment: The upcoming Starship flight is an important execution milestone. Success could improve the company’s long-term launch economics, but delays or another failure would likely pressure sentiment. SpaceX is also winding down shared Falcon 9 missions beyond 2028 as Starlink consumes most launch capacity, creating near-term pricing power but increasing reliance on Starship. SpaceX Is Winding Down the Falcon 9
• Negative Sentiment: Up to 328.4 million shares became eligible for sale, creating a substantial post-IPO supply overhang. President and COO Gwynne Shotwell separately disclosed plans to sell approximately $52 million of stock, intensifying concerns about insider selling. SpaceX Stock Faces Another Wave of Insider Shares
• Negative Sentiment: Valuation remains a major risk: SpaceX is still loss-making, and its roughly $1.9 trillion market capitalization leaves little room for execution disappointments. Analysts also note that ongoing losses could prevent S&P 500 eligibility, limiting a potential source of index-fund demand. SpaceX Cannot Join the S&P 500 Before June 2027

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPCX. Clear Str upgraded SpaceX to a "strong-buy" rating in a research note on Tuesday, July 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $246.00 price objective on shares of SpaceX in a report on Wednesday, August 5th. Raymond James Financial cut SpaceX from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, August 7th. Benchmark initiated coverage on shares of SpaceX in a research note on Monday, June 22nd. They issued a "buy" rating on the stock. Finally, HSBC assumed coverage on shares of SpaceX in a research report on Thursday, July 23rd. They set a "hold" rating and a $115.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $218.28.

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, 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.

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