Key Points
- SpaceX COO Gwynne Shotwell sold 342,170 shares for approximately $52.5 million at an average price of $153.57, reducing her direct holdings by 12.16%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and a loss of $0.09 per share that beat analyst expectations.
- The stock faces potential supply pressure from the insider sale and the unlocking of roughly 319 million to 328.4 million shares, despite positive catalysts including a $946 million NASA contract extension and a consensus analyst rating of “Moderate Buy.”
SpaceX (NASDAQ:SPCX - Get Free Report) COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SpaceX Price Performance
SPCX opened at $148.03 on Friday. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The firm has a market capitalization of $1.94 trillion and a P/E ratio of -1,644.78. 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 business's fifty day simple moving average is $135.91.
SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The business's revenue for the quarter was up 91.9% compared to the same quarter last year. On average, equities research analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.
Institutional Investors Weigh In On SpaceX
Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. bought a new position in SpaceX during the 2nd quarter worth $8,632,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of SpaceX during the 2nd quarter valued at $1,274,000. State Street Corp acquired a new stake in shares of SpaceX during the 2nd quarter worth $1,858,329,000. Security National Bank of SO Dak acquired a new position in SpaceX in the second quarter valued at about $48,000. Finally, HBK Investments L P bought a new stake in SpaceX during the second quarter worth about $40,579,000.
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, bringing the program’s total commitments to nearly $6 billion. The contract reinforces SpaceX’s government-backed revenue base. NASA award article
- Positive Sentiment: SpaceX’s Nasdaq-100 weighting is expected to double, potentially increasing demand from index-tracking funds. Analysts also point to reusable rockets, Starlink, AI-compute capacity, satellite manufacturing and a possible Tesla-SpaceX combination as longer-term catalysts. Nasdaq-100 weighting article
- Positive Sentiment: The next NASA astronaut mission is scheduled for October 1, while Starship’s upcoming flight is viewed as an important test of SpaceX’s ability to transition from Falcon 9 to its larger reusable-rocket platform. NASA astronaut launch article
- Neutral Sentiment: Elon Musk said SpaceX’s AI model could approach the capabilities of leading models from OpenAI and Anthropic within months. The claim supports the AI opportunity but remains forward-looking and unverified. SpaceX AI article
- Negative Sentiment: Approximately 319 million to 328.4 million locked-up shares became eligible for trading, creating a substantial potential supply overhang. Investors are concerned that early holders may sell into the market after the IPO. Share unlock article
- Negative Sentiment: COO Gwynne Shotwell sold 342,170 shares worth approximately $52.5 million. Although the transaction was made under a pre-arranged Rule 10b5-1 plan, the sale added to investor concerns about insider supply. SEC insider transaction filing
- Negative Sentiment: SpaceX continues to trade at a very demanding valuation while reporting losses, increasing sensitivity to execution risk. Delays or setbacks in Starship, heavy AI spending, the Falcon 9 transition and competition from other satellite providers could pressure the shares further.
Analyst Upgrades and Downgrades
SPCX has been the subject of several recent research reports. Roth Capital raised SpaceX to a "buy" rating in a report on Monday, June 22nd. Wall Street Zen raised SpaceX from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. TD Cowen assumed coverage on shares of SpaceX in a report on Monday, June 22nd. They set a "buy" rating on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of SpaceX in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company decreased their price objective on SpaceX from $215.00 to $212.00 and set an "overweight" rating for the company in a report on Tuesday, September 8th. Two research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.28.
View Our Latest Stock Report on SPCX
SpaceX Company Profile
(
Get 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.
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