Seeking Alpha upgraded SpaceX (SPCX) to Buy following a 17% share price decline.
The analyst expects Starship rockets to significantly reduce future launch costs. Growth drivers include Starlink, orbital computing, and a new AI division.
The stock has remained volatile since its June 2026 initial public offering. A lockup expiration occurs on September 24. This event makes 328.4 million shares eligible for sale.
COO Gwynne Shotwell filed to sell company stock on September 22. The proposed sale involves nearly $52 million in shares. Shotwell acquired these shares through the exercise of stock options.