Rep. Maria Elvira Salazar Sells Shares of SpaceX (NASDAQ:SPCX)

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%

Shares of SPCX stock opened at $160.57 on Friday. The company has a 50-day moving average of $143.95. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The firm has a market capitalization of $2.12 trillion and a PE ratio of -1,784.11. 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 (NASDAQ:SPCX) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The business’s quarterly revenue was up 91.9% on a year-over-year basis. Sell-side analysts forecast that SpaceX will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. purchased a new position in shares of SpaceX during the 2nd quarter valued at $5,094,000. Hyperion Asset Management Ltd bought a new stake in SpaceX in the 2nd quarter worth $201,137,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the second quarter valued at approximately $6,587,531,000. Turner Financial Group Inc. purchased a new stake in shares of SpaceX in the 2nd quarter worth about $1,228,000. Finally, Rik Saylor Financial Inc. purchased a new position in shares of SpaceX during the 2nd quarter worth approximately $1,670,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX agreed to acquire nationwide 800 MHz low-band spectrum licenses from Grain Management, giving Starlink a path to expand into indoor cellular coverage and compete more directly with AT&T, Verizon and T-Mobile. The deal remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses
• Positive Sentiment: The FCC approved SpaceX’s next-generation Starlink Mobile constellation of up to 15,000 satellites and waived a ground-carrier leasing requirement, strengthening the company’s direct-to-device strategy. FCC Approval for 15,000 Starlink Satellites
• Positive Sentiment: American Airlines plans to install Starlink internet on more than 1,000 aircraft, adding a substantial commercial customer and supporting recurring connectivity revenue. American Airlines to Add Starlink
• Neutral Sentiment: Elon Musk said he sees a path for SpaceX to reach a valuation in the “tens of trillions,” a bullish long-term forecast but one that offers no near-term financial guidance. Musk’s SpaceX Valuation Prediction
• Negative Sentiment: Reports that SpaceX may raise approximately $40 billion in loans and bonds to purchase Nvidia AI chips intensified concerns about leverage, capital allocation and the risk of spending heavily before AI-compute demand and returns are proven. Credit-default swap costs reportedly reached record levels. Apollo and Banks Discuss SpaceX Financing
• Negative Sentiment: Up to 328.4 million shares are scheduled to become eligible for sale on October 9, creating a potential increase in trading supply and selling pressure. SpaceX Share Unlock
• Negative Sentiment: Starlink’s India launch remains stalled amid a public dispute with local telecom interests and regulators, delaying access to a major potential market. Starlink India Launch Dispute

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of equities research analysts have commented on SPCX shares. Moffett Nathanson raised their price objective on SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. William Blair reissued an “outperform” rating on shares of SpaceX in a research report on Friday, September 11th. Erste Group Bank assumed coverage on shares of SpaceX in a research note on Thursday. They set a “hold” rating for the company. Wall Street Zen lowered shares of SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Citigroup downgraded shares of SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, SpaceX currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.77.

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.

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 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.