🔴 SpaceX is trading 3.13% down today after Shotwell disclosed proposed $51.96 million share sale

SpaceX is trading 3.13% lower at $149.88 after Gwynne Shotwell disclosed a proposed sale of 342,170 shares worth approximately $51.96 million.

• The sale follows a June 2026 10b5-1 trading plan, marking the first formal executive share sale since SpaceX’s IPO.
• Disclosure prompted an initial 0.3% overnight decline; higher Treasury yields and weaker technology stocks are likely adding pressure.
• The S&P 500, Nasdaq and Dow are also lower amid rising yields and risk reduction.