SpaceX President Gwynne Shotwell Sells $52 Million in Stock Ahead of Starship Launch

SpaceX President and COO Gwynne Shotwell sold $52.5 million worth of company stock on September 22, shortly before the scheduled Starship launch. According to an SEC filing, Shotwell exercised stock options to acquire 342,170 shares at prices between $8.40 and $19.40, subsequently selling them at $151 to $155 per share under a pre-arranged Rule 10b5-1 plan. Despite the sale, which represents approximately 6% of her holdings, Shotwell retains a stake valued at roughly $830 million. The transaction occurred ahead of the Starship Flight 14 mission, which is set to carry 26 Starlink satellites into orbit.