SpaceX (SPCX) President Sells More Than $50 Million of Company Stock

Michael Burry criticized SpaceX's $1.8 trillion valuation, calling its businesses undervalued. Recent AI contracts totaling $3.4 billion monthly may challenge his view. SpaceX's AI division signed deals with Anthropic, Google, and others, but Burry's concerns about profitability and commoditization remain. SpaceX's valuation depends on the success of its AI, space launch, and Starlink businesses.

Fitch Ratings assigned Tesla (TSLA) a BBB rating and SpaceX (SPCX) a higher BBB+ rating. Tesla's rating reflects its $25B capital expenditure plans for 2026, which may lead to negative free cash flow. SpaceX's rating is supported by its leading position in commercial launches and growing Starlink connectivity revenue, which reached $4.3B in Q2. Tesla has $43.5B in cash and mid-teens EBITDA margins, while SpaceX has over $90B in pro forma liquidity.

SpaceX (SPCX) stock is nearing a lockup expiration on September 24, with up to 328.4 million shares potentially unlocked. Analysts remain bullish, focusing on growth from Starship, Starlink, and AI. The average price target suggests 50% upside. Starship's 14th test flight is upcoming. SPCX stock is up 1% after Grok Bot AI agent reached 418,000 weekly users. Analysts highlight Starship reusability and AI compute deals as key catalysts.

SpaceX (SPCX) is phasing out Falcon 9, focusing on Starship, and stopping new shared mission sales. Falcon 9's launch price rose 19% to $74M over five years. Rocket Lab (RKLB) sees an opportunity with its Neutron rocket, targeting 13-ton payloads. Rocket Lab's backlog exceeds 90 missions, and it aims to acquire Iridium (IRDM) for $8B, adding a satellite network. Neutron's 2026 launch probability is 9%, per Polymarket.

SpaceX (SPCX) stock rose 0.8% to $153 after Nasdaq-100 doubled its weighting to 2.82%. A 328.4M share unlock on Sept. 24 may increase sell pressure. Starship's orbital test is scheduled for Sept. 28, with potential NASA implications. Analysts see $170 target if momentum continues, but overbought conditions and selling pressure loom.

SpaceX (NASDAQ:SPCX) shares are stable as its weighting in the Nasdaq-100 more than doubles to 2.82% due to a quarterly rebalance, potentially driving $15.5B-$22B in passive buying. xAI, a SpaceX subsidiary, released Grok 4.7, its latest AI model. SpaceX also has multiple launches planned this week. Shares were down 0.48% at $151.97.