How this top SpaceX executive brings Elon Musk’s wildest dreams to life

June 11, 2026

Executing on Elon Musk’s wildest visions at SpaceX (SPCX) requires a lot of listening and a lot of “I’ll figure out how to get it all done.”

That’s according to one of SpaceX’s longest-serving executives, COO Gwynne Shotwell.

“First of all, when Elon says something, you have to pause and not immediately blurt out, ‘Well, that’s impossible,’ or, ‘There’s no way we’re going to do that. I don’t know how,'” Shotwell said in an April 2018 TED interview. “So you zip it, and you think about it, and you find ways to get that done.”

SpaceX President and COO Gwynne Shotwell speaks on stage during the Mobile World Congress (MWC), the world's biggest mobile technology showcase and fair, on March 2, 2026 in Barcelona. The Mobile World Congress (MWC), the major annual telecommunications event, opens today in Barcelona for an edition where Artificial Intelligence in telecommunications will take center stage in the debates. The event, which marks its twentieth anniversary, will host the world's leading telecommunications operators and numerous manufacturers. 109,000 industry professionals and visitors are expected. (Photo by Lluis GENE / AFP via Getty Images)
SpaceX president and COO Gwynne Shotwell speaks on stage during the Mobile World Congress on March 2, 2026, in Barcelona. (Lluis Gene/AFP via Getty Images) · LLUIS GENE via Getty Images

Shotwell detailed a realization she had that helped her improve her job satisfaction while delivering on Musk’s ambitions.

“So I always felt like my job was to take these ideas and kind of turn them into company goals, make them achievable, and kind of roll the company over from this steep slope, get it comfortable,” she said. “And I noticed every time I felt like we were there, we were rolling over, people were getting comfortable, Elon would throw something out there, and all of a sudden, we’re not comfortable, and we’re climbing that steep slope again. But then, once I realized that that’s his job, and my job is to get the company close to comfortable so he can push again and put us back on that slope, then I started liking my job a lot more, instead of always being frustrated.”

Shotwell joined SpaceX in 2002 as the company’s seventh employee, brought on board by Elon Musk as vice president of business development. She has been the operational backbone of the company ever since.

BOCA CHICA BEACH, TX - AUGUST 25: SpaceX founder Elon Musk during a T-Mobile and SpaceX joint event on August 25, 2022 in Boca Chica Beach, Texas. The two companies announced plans to work together to provide T-Mobile cellular service using Starlink satellites. (Photo by Michael Gonzalez/Getty Images)
SpaceX founder Elon Musk during a T-Mobile and SpaceX joint event on August 25, 2022, in Boca Chica Beach, Texas. (Michael Gonzalez/Getty Images) · Michael Gonzalez via Getty Images

As president and COO of SpaceX, Shotwell has been the person who actually runs the day-to-day business, while Musk focuses on the grand vision. Her missions include managing the company’s 13,000-plus employees, overseeing all launch operations, and handling government and commercial customer relationships.

Continuing to execute at a high level for the soon-to-be-trillionaire Musk will be critical for Shotwell, with the added wrinkle of now having to deliver for public-market shareholders with sky-high expectations.

SpaceX is poised to be the largest initial public offering on record when it debuts on the Nasdaq Composite (^IXIC) on June 12. Current expectations are for the company to raise $75 billion at a valuation of $1.75 trillion.

The IPO has reportedly been four times oversubscribed, indicating strong demand to get a piece of Musk’s space vision.

According to the prospectus, revenue last year skyrocketed 33% year over year to $18.7 billion, fueled by a 32% surge in Starlink satellite internet sales. Starlink is a proven business that’s likely to stay strong well into the future.

But SpaceX did post a massive $4.94 billion GAAP net loss for full-year 2025 and a brutal $4.28 billion net loss in the first quarter of this year.

The primary culprit for the losses is Musk’s capital-intensive pivot into artificial intelligence infrastructure, with SpaceX throwing $40 billion annually into AI capital expenditures.

It’s unlikely the business will turn a profit for the foreseeable future.

“It’s going to be a wild one — buckle up,” Visible Alpha head of TMT research Melissa Otto said on Yahoo Finance’s Opening Bid about the SpaceX IPO.

Brian Sozzi is Yahoo Finance’s Executive Editor and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.

Click here for in-depth analysis of the latest stock market news and events moving stock prices

Read the latest financial and business news from Yahoo Finance

  

Search

RECENT PRESS RELEASES