SpaceX (NASDAQ:SPCX) CEO Sells $1,199,594.80 in Stock

SpaceX (NASDAQ:SPCX) CEO Elon Musk sold 11,390 shares of SpaceX stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $105.32, for a total transaction of $1,199,594.80. Following the transaction, the chief executive officer directly owned 526,165,900 shares of the company’s stock, valued at approximately $55,415,792,588. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SpaceX Stock Performance

Shares of NASDAQ:SPCX opened at $185.00 on Friday. SpaceX has a 1-year low of $149.34 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) earnings per share for the quarter. The company had revenue of $4.69 billion for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SPCX shares. Wolfe Research initiated coverage on SpaceX in a report on Friday, June 12th. They set an “outperform” rating and a $175.00 price target for the company. Cfra started coverage on shares of SpaceX in a research note on Friday, June 12th. They issued a “sell” rating and a $115.00 price objective for the company. Wall Street Zen upgraded shares of SpaceX to a “sell” rating in a report on Saturday. Oppenheimer raised their price objective on SpaceX from $190.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, KGI Securities assumed coverage on shares of SpaceX in a research note on Thursday, June 11th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and an average price target of $221.20.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s acquisition of Cursor could strengthen its AI ambitions and expand its long-term growth story, while analysts such as Oppenheimer argue the deal could help the company close the AI gap with larger rivals. How Cursor Could Help SpaceX Close the AI Gap with Major Rivals
• Positive Sentiment: SpaceX won investment-grade credit ratings from Moody’s, S&P, and Fitch with stable outlooks, which supports the company’s financing profile even as it pursues aggressive expansion. SpaceX gets investment-grade ratings with stable outlook from top agencies
• Positive Sentiment: Wall Street remains split but still generally constructive, with some firms setting lofty targets and noting strong retail interest, potential index inclusion, and enthusiasm around SpaceX’s scale and brand. SpaceX Stock Price Forecast — Analyst Sets Street-High Target, Sees 100%+ Upside
• Neutral Sentiment: SpaceX continues to attract headlines for its public-market debut, ETF inclusion, and heavy trading activity, but much of this attention reflects speculation rather than clear near-term fundamentals. As SpaceX Falls Back To Earth, Bear ETFs Reach For The Stars
• Neutral Sentiment: SpaceX launched a new batch of U.S. spy satellites, underscoring that its core space business remains active and mission-driven. SpaceX launches new batch of US spy satellites from California
• Negative Sentiment: Recent selling appears tied to investors backing away from the IPO frenzy, with commentary pointing to a possible post-IPO cooldown, looming lockup-related supply, and fears that the valuation has gotten ahead of fundamentals. SpaceX shares tumble as post-IPO frenzy loses steam
• Negative Sentiment: Several reports say the stock is vulnerable because of its elevated valuation and a likely large debt offering to help fund AI expansion, raising concerns about dilution and leverage. SpaceX Reportedly Prepares $20 Billion Bond Sale After IPO

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.