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✉news ScienceSpace first seen 3 h ago, last 33 min ago, peak #13

SpaceX President Gwynne Shotwell Files to Sell $52 Million in Stock

Original: SpaceX President Gwynne Shotwell Files SEC Intent to Sell $52 Million in Executive Equity

SpaceX President and COO Gwynne Shotwell has filed an intention with the US Securities and Exchange Commission to sell roughly $52 million worth of her executive equity in the company. The filing signals a planned divestment of a portion of her long-held stake in Elon Musk's privately held space firm. Such filings by senior executives typically draw attention as indicators of insider sentiment about a company's valuation.

Why now: A top executive at one of the world's most valuable private companies filing to cash out a large equity stake naturally draws investor and media attention

Gwynne ShotwellSpaceXSEC

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