SpaceX (NASDAQ:SPCX) Stock Sale Revealed by Rep. Maria Elvira Salazar

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 Trading Down 4.2%

SpaceX stock opened at $160.57 on Friday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $143.95. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The firm has a market capitalization of $2.12 trillion and a PE ratio of -1,784.11.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results 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 firm had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. As a group, analysts forecast that SpaceX will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPCX. William Blair reiterated an “outperform” rating on shares of SpaceX in a research report on Friday. Moffett Nathanson upped their price target on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Needham & Company LLC reiterated a “buy” rating on shares of SpaceX in a report on Wednesday, September 30th. Sanford C. Bernstein restated a “buy” rating on shares of SpaceX in a report on Monday, September 28th. Finally, DZ Bank initiated coverage on shares of SpaceX in a research report on Friday, August 21st. They issued a “sell” rating and a $100.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.77.

Hedge Funds Weigh In On SpaceX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cypress Asset Management Inc. TX purchased a new position in SpaceX in the third quarter worth approximately $1,110,000. Chapin Davis Inc. purchased a new position in SpaceX in the third quarter valued at $283,000. Inspirion Wealth Advisors LLC acquired a new stake in shares of SpaceX during the 3rd quarter worth about $308,000. Eclectic Associates Inc. ADV acquired a new stake in SpaceX during the third quarter worth approximately $636,000. Finally, Acropolis Investment Management LLC purchased a new stake in SpaceX in the third quarter valued at $268,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starlink spectrum acquisition expands SpaceX’s addressable market. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz licenses, covering as much as 14 MHz of paired spectrum across nearly the entire U.S. The deal could improve indoor coverage and help Starlink develop nationwide satellite-to-phone and terrestrial wireless services, positioning the company as a potential competitor to AT&T, Verizon and T-Mobile. The transaction still requires final FCC approval. Reuters spectrum acquisition report
• Positive Sentiment: Regulatory and analyst support reinforce the growth narrative. The FCC approved SpaceX’s plan for up to 15,000 next-generation Starlink satellites for direct-to-device connectivity, while Morgan Stanley maintained a Buy rating and a $300 price target. Dan Ives also added SpaceX to his AI “Winner List.” FCC satellite approval report
• Positive Sentiment: Investors continue to focus on SpaceX’s long-term AI and connectivity potential. Elon Musk highlighted an eventual opportunity spanning Starship, AI, robotics and space-based industries. SpaceX’s reported AI-compute agreements and Starlink’s operating profitability provide a bullish rationale for its ambitious valuation, although much of this upside remains dependent on execution.
• Neutral Sentiment: Telecom-sector reaction underscores both opportunity and competition. Shares of major wireless carriers declined as investors assessed SpaceX as a new nationwide rival, while cell-tower stocks benefited from expectations that satellite and terrestrial networks may require additional infrastructure.
• Negative Sentiment: A large insider share unlock could increase selling pressure. Approximately 319 million shares, potentially worth up to $51 billion, became eligible for sale, creating a substantial near-term increase in tradable supply.
• Negative Sentiment: Reported AI financing plans raise leverage concerns. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips. The plan could accelerate AI revenue growth, but investors are concerned about debt, capital intensity and credit risk despite the company’s reported cash holdings. CNBC financing report
• Negative Sentiment: Insider selling and international delays add caution. ARK Invest sold approximately $4.7 million of SpaceX shares, while Starlink’s launch in India remains stalled amid regulatory and political disputes. These developments temper the otherwise bullish spectrum and AI announcements.

Insider Buying and Selling at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale 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.

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.

About SpaceX

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.