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Form 4 SPACE EXPLORATION TECHNO For: Apr 18 Filed by: Shotwell Gwynne

September 24, 2026 4:11 PM EDT
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Shotwell Gwynne
(Last) (First) (Middle)
C/O SPACE EXPLORATION TECHNOLOGIES CORP.
1 ROCKET ROAD
(Street)
STARBASE TX 78521
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SPACE EXPLORATION TECHNOLOGIES CORP [ SPCX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and COO
3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 04/18/2026   M   138,900 A $ 8.3998 2,397,625 D  
Class A Common Stock 04/18/2026   M   74,410 A $ 11.2 2,472,035 D  
Class A Common Stock 09/22/2026   M (1)   138,900 A $ 8.3998 2,610,935 D  
Class A Common Stock 09/22/2026   M (1)   74,405 A $ 11.2 2,685,340 D  
Class A Common Stock 09/22/2026   M (1)   128,865 A $ 19.4 2,814,205 D  
Class A Common Stock 09/22/2026   S (1)   12,500 D $ 151.1515 (2) 2,801,705 D  
Class A Common Stock 09/22/2026   S (1)   7,600 D $ 151.9272 (3) 2,794,105 D  
Class A Common Stock 09/22/2026   S (1)   145,809 D $ 153.2729 (4) 2,648,296 D  
Class A Common Stock 09/22/2026   S (1)   151,844 D $ 153.9481 (5) 2,496,452 D  
Class A Common Stock 09/22/2026   S (1)   24,417 D $ 154.7196 (6) 2,472,035 D  
Class A Common Stock               1,556,005 I By QM RS 2021 Exempt Trust
Class A Common Stock               1,556,055 I By QM GS 2021 Exempt Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy (Class A Common Stock) $ 8.3998 04/18/2026   M     138,900   (7) 04/20/2031 Class A Common Stock 138,900 $ 0 194,450 D  
Option to Buy (Class A Common Stock) $ 11.2 04/18/2026   M     74,410   (7) 04/27/2032 Class A Common Stock 74,410 $ 0 104,165 D  
Option to Buy (Class A Common Stock) $ 8.3998 09/22/2026   M (1)     138,900   (7) 04/20/2031 Class A Common Stock 138,900 $ 0 55,550 D  
Option to Buy (Class A Common Stock) $ 11.2 09/22/2026   M (1)     74,405   (7) 04/27/2032 Class A Common Stock 74,405 $ 0 29,760 D  
Option to Buy (Class A Common Stock) $ 19.4 09/22/2026   M (1)     128,865   (8) 05/16/2034 Class A Common Stock 128,865 $ 0 489,695 D  
Explanation of Responses:
1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
2. Represents the weighted average sale price. The highest price at which shares were sold was $151.58 and the lowest price at which shares were sold was $150.61. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. Represents the weighted average sale price. The highest price at which shares were sold was $152.60 and the lowest price at which shares were sold was $151.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
4. Represents the weighted average sale price. The highest price at which shares were sold was $153.61 and the lowest price at which shares were sold was $152.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5. Represents the weighted average sale price. The highest price at which shares were sold was $154.61 and the lowest price at which shares were sold was $153.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
6. Represents the weighted average sale price. The highest price at which shares were sold was $154.94 and the lowest price at which shares were sold was $154.63. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
7. The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
8. The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2029, subject to the Reporting Person's continued employment with the Issuer.
/s/ Sheldon Nagesh, as attorney-in-fact 09/24/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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