SpaceX finally has a stock price, and it has been anything but quiet. The shares trade on the Nasdaq under the ticker SPCX following the largest initial public offering in US history, and in the trading days since that debut they have spiked, stalled, and sold off in turn. As of June 22, 2026, SPCX changes hands near $166, down roughly 10% on the day, well below the highs it set in its first week yet still above the price the company sold it at. For a stock barely two weeks old, that is a lot of story already.
Where SPCX Trades Today
SpaceX priced its IPO at $135 a share and now sits around $166.06, a one-day drop of more than 10%. Since the debut, the stock has swung between roughly $149 and $226, so a buyer’s entry point has mattered enormously over a span of days. The market capitalization sits near $2.2 trillion, which keeps SpaceX among the most valuable public companies in the country and places it in rare air on any list of the most expensive and valuable stocks in the world.
Today’s slide has a clear trigger. SpaceX launched its first bond sale, a roughly $20 billion high-grade offering aimed at repaying existing loans and funding its artificial-intelligence ambitions, while disclosing more than $100 billion in cash and equivalents. Coming days after a record $75 billion equity raise, the timing read to many investors as a company that needs capital fast, and fresh, cautious analyst coverage hit the same morning. The stock fell about 10% in response.
From $135 to $226 and Back
The debut itself went almost exactly as the bankers drew it up. SpaceX sold roughly 555.6 million shares at $135 on June 11 and started trading June 12, raising close to $75 billion. The first session closed at $161.11, up 19%, after touching an intraday high of $176.52. That alone made it the largest US IPO on record by dollars raised.
Then the momentum took over. Index inclusion began the following day, and within the first week the stock cleared $200 and printed a high above $225, briefly pushing the company’s valuation toward the $2 trillion mark. Options on SPCX launched June 16 and saw record demand, with more than 1.6 million contracts trading in the debut session and bullish bets dominating. For a few days, the rocket maker traded like the hottest name on the exchange.
The cooling came just as quickly. Shares slipped about 6% off the high on June 17, fell again the next session as valuation questions piled up, and by the end of the third week sat more than 20% below the peak. Analysts at several major research firms have argued the stock is worth meaningfully less than where it trades. Today’s bond-sale reaction extends that pullback rather than starting it.
What the Pre-IPO “Prices” Meant
Before June 12, anyone searching “SpaceX stock price” met a wall of numbers that refused to agree. The reason was simple: SpaceX was private, so there was no exchange price, only estimates built from different inputs.
Private marketplaces let accredited investors trade shares that employees and early backers wanted to sell, and those venues rarely matched. In late May 2026, one widely used platform pegged the consensus price near $611 a share while a competing one showed roughly $1,265. Public mutual funds that held SpaceX marked common stock near $185 to $212 and preferred shares closer to $1,850. None of those figures was the price; each was a snapshot of a thin, fragmented market.
The cleaner anchor was always the valuation. The last priced primary round, led by Andreessen Horowitz in January 2023, valued the company at $137 billion. Secondary trading in early 2026 implied something near $1.4 trillion to $1.5 trillion, roughly ten times that round. The IPO settled the argument at about $1.75 trillion, and the open market has pushed it higher since. The lesson holds even now that a real price exists: the per-share number means nothing without the share count behind it. A $135 IPO price never contradicted a $1,265 secondary quote, because the two rested on entirely different share structures. Only the valuation reconciled them.
What SPCX Shareholders Are Buying
The name says rockets, the income statement says satellite internet. SpaceX reported $18.67 billion in revenue for 2025, up from $13.1 billion the year before. Starlink, the low-earth-orbit broadband network, brought in $11.39 billion of that, roughly 61%. Launch services, the business that built the brand, is now the smaller contributor. A buyer paying a $2.2 trillion valuation is, more than anything, betting on a fast-growing internet provider with a launch company attached.
That valuation is the heart of the debate. At today’s price, the stock trades around 117 times its 2025 sales, an extraordinary multiple for a capital-intensive business that just announced it needs to borrow another $20 billion. The bull case rests on dominance and growth: one company controls the majority of global orbital launch capacity, runs the largest satellite constellation ever built, and has roughly quadrupled revenue in three years. The bear case is the price tag itself, plus a control structure that gives outside investors no leverage. Elon Musk holds about 42% of the equity but more than 85% of the voting power through a high-vote share class, so public shareholders own the economics and almost none of the decisions.
How to Buy SPCX Now
The hard part is over. SpaceX is a normal listed stock, so the private-market machinery that once gated it, the accredited-investor requirement, the special purpose vehicles, the 30-to-60-day settlement, no longer applies. Any standard brokerage account can buy SPCX during market hours. Traders new to the process can start with this guide on how to buy stocks, and active traders comparing platforms for a name this volatile can weigh their options among the best brokers for day trading.
Volatility is the thing to respect here. A stock that has swung between $149 and $226 inside its first two weeks can move several percent in minutes, and a market order into that kind of tape invites slippage. Understanding the different stock order types and leaning on limit orders is the difference between the intended entry and a fill several dollars away. For traders drawn to the newly listed SPCX contracts, the same caution applies in sharper form, and it helps to understand the mechanics of day trading options before chasing the record volume.
Bottom Line
SpaceX spent years as a company with a dozen different “prices” and no real one. That ended on June 12. SPCX now trades near $166, off a first-week high above $225, carrying a valuation around $2.2 trillion and a fresh $20 billion debt raise that has the market questioning how much capital the growth story will keep demanding. The figure worth watching is still the valuation, not the headline share price, and at roughly 117 times sales the burden of proof sits squarely with the company. A buyer should be clear about the bet: a business that earns most of its money from Starlink, run by a founder who answers to no one on the share register, priced for a future it now has to deliver in quarterly filings. The chart is live, and the volatility suggests the argument over what SpaceX is worth is only getting started.
Frequently Asked Questions
What is the SpaceX stock price?
SpaceX has had no single stock price because it has been a private company since 2002, with shares that never traded on a public exchange, so the figures in circulation are estimates that disagree because they measure different things. That changes with SpaceX’s planned Nasdaq listing under the ticker SPCX, priced at $135 per share and set to begin trading on June 12, 2026. Before the listing, the number worth watching is the company’s valuation, near $1.75 trillion, rather than any per-share figure.
When is the SpaceX IPO?
SpaceX filed its S-1 with the SEC on May 20, 2026, and is set to price its IPO the evening of June 11 and begin trading on the Nasdaq under SPCX on June 12, 2026. At the planned $135 offering price the company expects to sell roughly 555.6 million shares and raise close to $75 billion, which would make it the largest initial public offering in US history, at a valuation near $1.75 trillion. A syndicate of five banks, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, is leading the deal.
How can you invest in SpaceX before it goes public?
Before the listing the gate is narrow: buying SpaceX in the private market requires accredited-investor status, and even then the company does not permit direct stock transfers, so investors take indirect positions through special purpose vehicles or forward purchase contracts, with settlement commonly taking 30 to 60 days. Two indirect routes exist for others: Alphabet holds a stake in SpaceX, and the ARK Venture Fund lists it among its private positions, though both dilute the bet heavily. Tokenized SpaceX products on crypto exchanges are derivatives that convey no ownership or voting rights and carry counterparty risk.
What does SpaceX actually do and earn money from?
The name says rockets, but the revenue says satellite internet. SpaceX reported $18.67 billion in revenue for 2025, up from $13.1 billion the year before, and Starlink, its low-earth-orbit broadband network, accounted for $11.39 billion of that, roughly 61%. Launch services, the business that made the company famous, is now the smaller half, so a buyer weighing the valuation is mostly valuing a fast-growing internet provider with a rocket company attached. One control note: Elon Musk would hold roughly 42% of the equity but more than 85% of the voting power through a high-vote share class.