Rep. Maria Elvira Salazar (R-FL) Sells SPCX Stock

Maria Elvira Salazar, a Republican congresswoman from Florida's 27th district, sold shares of Space Exploration Technologies Corp. (SPCX) valued between $1,001 and $15,000 on September 24, 2026. This transaction was reported on October 7, 2026, after the sale took place.

Salazar's sale is part of her regular trading activities. The shares were sold at a time when SpaceX was trading around $145.71. This price is just below the company's 50-day moving average of approximately $146.72, indicating the stock's current trading position.

Other Institutional Activity in SpaceX

Several other institutional investors have shown interest in SpaceX. Alphabet Inc. has 551.2 million shares valued at about $79.6 billion, with a recent increase of 275.6 million shares. Valor Management LLC holds 503.4 million shares worth approximately $72.7 billion, also increasing by 251.7 million shares. FMR, LLC increased its stake by 151.3 million shares, resulting in a total of 302.6 million shares valued at about $43.7 billion. Vy Capital Management Co. Ltd. and Gigafund Management Company, LLC have made similar moves, growing their positions significantly.

Space Exploration Technologies Corp. Stock Down 4.0%

As of the publication date, SpaceX shares are trading at $145.71, which is below its 52-week high of $225.64. The stock currently has a forward P/E ratio of 74.76, suggesting high expectations for future earnings, even though it has not been profitable recently.

Recent Earnings

SpaceX reported revenue of approximately $23 billion, with a revenue growth rate of 91.9%. However, the company posted a net loss, resulting in a negative net margin of about 35.7%. The next earnings report is expected on November 3, 2026.

Analysts Set New Price Targets

On October 9, 2026, Barclays initiated coverage with an Overweight rating and a price target of $254. Also on that day, TD Cowen reiterated its Buy rating with a price target of $200. Evercore ISI maintained its Outperform rating on October 16, adjusting the target to $275. The consensus recommendation on SpaceX is a Buy, with a mean target price of about $221.26 from 31 analysts.

About SpaceX

Space Exploration Technologies Corp. focuses on providing satellite-based broadband services and designing reusable rockets for space access. With a strong position in the aerospace sector, its activities are closely tied to technological advancements in space exploration and connectivity, which are critical to its operational success and market perception.

Bottom Line

Looking ahead, investors will want to watch for SpaceX's next earnings report on November 3, 2026. The recent stock sale by Rep. Salazar was disclosed after the transaction, reflecting her previous trading activities in various stocks. Keep in mind that the reported 13F filings provide insight into past holdings and may not represent current positions.