SpaceX President and COO Gwynne Shotwell filed a regulatory disclosure to sell 342,170 shares. The transaction is valued at approximately $51.96 million.
Shotwell adopted the 10b5-1 trading plan in June 2026. This filing marks the first formal executive share-sale since the company’s IPO.
The disclosure occurred after the market closed on September 22, 2026. SpaceX shares fell 0.3% in after-hours trading following the announcement.
The sale comes as SpaceX prepares for the first orbital test flight of its Starship vehicle.