TradingKey – At the close on September 22 US Eastern Time, SpaceX (SPCX) shares rose approximately 1.9% to close at $154.72, snapping a two-day losing streak. However, in after-hours and overnight trading, news that company President and Chief Operating Officer Gwynne Shotwell filed to sell stock weighed on market sentiment, sending SPCX slightly lower at one point overnight.

Currently, SpaceX’s stock price is in a key bull-bear battleground around $150 in the short term. On one hand, executive stock sales and a potential increase in share supply post-IPO may limit short-term valuation expansion; on the other hand, Starship’s next key flight test, Starlink’s business growth, and government contracts continue to provide fundamental…