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

SpaceX (NASDAQ:SPCX) COO Gwynne Shotwell sold 342,170 shares of the business’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 value of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, 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 available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 0.2%

Shares of NASDAQ SPCX traded down $0.33 during mid-day trading 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’s 50 day moving average is $135.58. 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. The company has a market capitalization of $1.94 trillion and a price-to-earnings ratio of -1,644.78.

SpaceX (NASDAQ:SPCX) 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 firm had revenue of $7.81 billion during the quarter. The business’s revenue was up 91.9% compared to the same quarter last year. Analysts anticipate that SpaceX will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPCX has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated a “buy” rating on shares of SpaceX in a research report on Monday, September 14th. Royal Bank Of Canada cut SpaceX from an “outperform” rating to a “hold” rating in a report on Friday, August 7th. Phillip Securities raised SpaceX to a “strong sell” rating and set a $75.00 price objective on the stock in a report on Friday, July 31st. Zacks Research raised SpaceX to a “hold” rating in a report on Monday, June 15th. Finally, HSBC started coverage on shares of SpaceX in a research note on Thursday, July 23rd. They set a “hold” rating and a $115.00 price target on the stock. Two research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.28.

Institutional Trading of SpaceX

Several institutional investors and hedge funds have recently modified their holdings of SPCX. QRG Capital Management Inc. acquired a new stake in SpaceX during the 2nd quarter valued at $8,632,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of SpaceX in the second quarter worth $1,274,000. State Street Corp purchased a new stake in shares of SpaceX in the second quarter valued at $1,858,329,000. Security National Bank of SO Dak acquired a new stake in shares of SpaceX during the second quarter valued at $48,000. Finally, HBK Investments L P acquired a new stake in shares of SpaceX during the second quarter valued at $40,579,000.

Key Headlines Impacting SpaceX

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

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.