On September 15, SpaceX fell 3.05% in regular trading, trading at $143.705/share, with turnover of $7.118 billion. The decline came despite positive headlines around Starship's upcoming orbital milestone.

Options market activity pointed to dominant bearish sentiment. A $45.7 million net-debit in-the-money put spread combo emerged alongside a $12.42 million covered call selling structure, signaling institutional hedging and downside positioning. This followed a $166 million double-buy put trade earlier in the week targeting near-term expiration.

Lock-up expiry pressure also continued to overhang the stock. Approximately 319 million Class A shares became eligible for sale around September 9, with an additional 59.1 million shares unlocking on September 10, and another 328.4 million shares set for release on September 24. Meanwhile, MoffettNathanson maintained a Neutral rating while raising its target to $142, still below the prevailing market price, and China Merchants initiated coverage with a Sell rating and a $118 target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)