{"id":613768,"date":"2026-09-27T23:08:30","date_gmt":"2026-09-27T23:08:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/613768\/"},"modified":"2026-09-27T23:08:30","modified_gmt":"2026-09-27T23:08:30","slug":"spacex-president-cashes-out-52-million-before-mondays-starship-launch","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/613768\/","title":{"rendered":"SpaceX President Cashes Out $52 Million Before Monday’s Starship Launch"},"content":{"rendered":"

\"SpaceX<\/a> SpaceX stock illustration with dollar imagery reflecting SPCX market moves. Photo by BeInCrypto <\/p>\n

SpaceX President and Chief Operating Officer Gwynne Shotwell sold $52.5 million of company stock on September 22, ahead of Monday’s Starship launch, the rocket’s first attempt to reach orbit. <\/p>\n

It is the first significant stock sale by a SpaceX executive since the company listed on Nasdaq in June, according to TipRanks. <\/p>\n

How the SpaceX Stock Sale Worked <\/p>\n

A Form 4 filed with the Securities and Exchange Commission (SEC) on September 24 shows Shotwell first exercised stock options. Options let an employee buy shares at a fixed, older price. <\/p>\n

She bought 342,170 shares at $8.40 to $19.40 each, a total cost of about $4.5 million. She then sold all of them the same day through Morgan Stanley at roughly $151 to $155 per share. <\/p>\n

The trades ran under a Rule 10b5-1 plan she adopted on June 23, according to the filing. These plans lock in sale instructions ahead of time, so an executive cannot pick the day based on private news. <\/p>\n

Shotwell Still Holds About $830 Million in Shares <\/p>\n

After the sale, Shotwell holds 2.47 million Class A shares directly and 3.11 million through two family trusts. At Friday’s $148.68 close, that stake is worth roughly $830 million. <\/p>\n

\"SpaceX<\/a> SpaceX (SPCX) Stock Performance as of Friday’s Close. Source: Yahoo Finance <\/p>\n

The sale equals about 6% of her position. She also holds 575,005 unexercised options. <\/p>\n

Why the Timing Draws Attention <\/p>\n

Starship Flight 14 is set for Monday at 7:15 a.m. Central time from Starbase, Texas, according to SpaceLaunchLive. It is the rocket’s first try at a stable orbit, carrying 26 Starlink internet satellites. <\/p>\n

Notably, however, the launch has already slipped once. SpaceX first set September 22 for the flight, which sent SpaceX stock up 6% on the news. <\/p>\n

Shotwell’s plan predates the flight date by three months. A larger source of new supply is the lock-up, a rule that bars early holders from selling for set periods after an IPO. <\/p>\n

About 328 million shares were freed on September 24, and the stock fell over 4% the day before, BeInCrypto reported. More unlocks are scheduled through June 2027. <\/p>\n

The 33 analysts tracked by TipRanks rate SpaceX a Moderate Buy, with an average price target of $232.07, about 56% above Friday’s close. <\/p>\n

\"SpaceX<\/a> SpaceX Stock Forecast and Targets. Source: TipRanks <\/p>\n

Still, SpaceX shares trade about 34% below their $225.64 high. Monday’s launch and the next unlock are the stock’s next two tests. <\/p>\n

Read the Original story SpaceX President Cashes Out $52 Million Before Monday’s Starship Launch<\/a> by Lockridge Okoth at beincrypto.com<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"SpaceX stock illustration with dollar imagery reflecting SPCX market moves. Photo by BeInCrypto SpaceX President and Chief Operating…\n","protected":false},"author":2,"featured_media":613769,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[26786,111,139,69,147,392,1503,205760,5147,302162],"class_list":["post-613768","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-gwynne-shotwell","tag-new-zealand","tag-newzealand","tag-nz","tag-science","tag-space","tag-spacex","tag-spacex-stock","tag-starship","tag-tipranks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/613768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=613768"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/613768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/613769"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=613768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=613768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=613768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}