SpaceX Stock (SPCX): Business, IPO, and How to Access It | Mobee Academy
US Stocks October 16, 2026 Beginner

SpaceX Stock (SPCX): Business, IPO, and How to Access It

Author Bayu Samudera
Read time 4 min
SpaceX Stock (SPCX): Business, IPO, and How to Access It

It closed at US$148.62 on 15 October 2026, about 10% above the IPO price. You can buy it through a US broker, or follow its price through the SPCXX token on Mobee (not share ownership).

Key Points

  • SPCX has been listed on Nasdaq since 12 June 2026 at an offer price of US$135 per share. The latest confirmed close, on 15 October 2026, was US$148.62.
  • Since the IPO, the price has moved from a record high of about US$225.64 to a low of about US$104.83. That gap is more than 50%, so the stock is highly volatile.
  • Its revenue rests on two legs: launch services and the Starlink satellite internet service.
  • Elon Musk holds about 42% of the shares but about 82% to 85% of the votes, and a staggered lock-up is still running.
  • At Mobee, access comes through the SPCXX token, which follows SpaceX's price. The token is not share ownership.

SPCX Summary

Data as of 16 October 2026. The latest confirmed close is 15 October 2026, following US market hours.

ItemValueNote
CompanySpace Exploration Technologies Corp. (SpaceX)
Exchange and tickerNasdaq: SPCX
IPO date12 June 2026Priced on 11 June 2026
IPO priceUS$135 per shareValuation at IPO about US$1.77 trillion
First-day openAbout US$150
First-day closeAbout US$161Up about 19% from the IPO price
Record highAbout US$225.64Intraday price; data sources differ slightly
Low since IPOAbout US$104.83Intraday price. Lowest confirmed close was US$108.37 on 31 July 2026
Latest closeUS$148.62 (15 October 2026)About 10% above the IPO price and about 34% below the record high
Market capitalizationAbout US$2.06 trillionVaries by source, depending on the share count used
Voting rightsClass A 1 vote, Class B 10 votesMusk about 42% of shares and about 82% to 85% of votes
Lock-upMusk 366 days, to about 12 or 13 June 2027Employee shares unlock in stages through about 8 December 2026. Pre-IPO investor schedules differ by source
Next earnings report5 November 2026Estimate from market data
Last updated16 October 2026

What SpaceX Actually Sells

Launch services

The original business is carrying payloads to orbit for governments and other companies. What changed the economics of the industry is the reusable rocket, because before that every launch meant throwing away hardware worth tens of millions of dollars.

The effect is more than lower costs. Cheaper launches opened up kinds of business that never made sense before, and some of them later became customers.

Starlink

A satellite network that provides internet to areas that cables struggle to reach. As a business model, it is very different from launch services: revenue comes from subscriptions, repeats every month, and comes from a large number of retail and corporate customers.

This difference helps explain the company's high valuation. The market values recurring revenue far above project revenue that arrives one deal at a time.

Government contracts

A large share of launch revenue comes from government agencies. That gives cash flow certainty, but it also means changes in budgets or political priorities hit revenue directly.

Where the Stock Stands Now

SpaceX listed on Nasdaq on 12 June 2026 at an offer price of US$135 per share, one of the largest IPOs in history. On day one, SPCX closed at about US$161, up about 19% from the IPO price.

After that the price did not go straight up. From a record high of about US$225.64, the stock fell as far as about US$104.83 in late July and early August, then recovered. On 2 October 2026 SPCX closed at US$158.96 (up 7.35% in a day), reached US$171.92 on 6 October, then slid to US$148.62 on 15 October.

This picture is not a forecast. A newly listed stock is usually far more volatile than the stock of a company that has been public for years. For a detailed look at the price path and valuation, read SpaceX stock performance.

What Changes After the IPO

As a public company, SpaceX must now publish periodic financial reports. You can read revenue by segment, profit and loss, and cash flow from official documents, instead of relying on news about valuations from private deals.

The price is also set by open trading on every trading day, not by occasional deals between existing shareholders and selected investors. That means the tools normally used for listed stocks, such as valuation ratios and comparisons with similar companies, can now be applied.

The result is not always comfortable. SPCX's price-to-earnings ratio is still negative, meaning the company has not yet booked a net profit, and some analysts put the profit turning point in 2027 at the earliest. A valuation this size means the market is already pricing in large growth ahead, including plans that are not yet proven, such as AI data centers and Starship development.

Risks You Need to Understand

Voting structure. Elon Musk holds about 42% of the shares, but through shares with multiple votes (Class B, 10 votes per share) he controls about 82% to 85% of the votes. Ordinary shareholders have almost no say in major decisions.

Lock-up period. A lock-up is a temporary ban on existing shareholders selling their shares. For Musk it lasts 366 days from the IPO, so it ends around 12 or 13 June 2027. Employee shares unlock in stages on set dates through about 8 December 2026, while the schedule for pre-IPO institutional investors differs by source, so the safest move is to check the prospectus (Form 424B4) on the SEC website. Each unlock stage can add shares to the market and increase selling pressure.

High valuation. With a market capitalization around US$2 trillion and no profit yet, the price is very sensitive to news, whether a successful launch, a technical setback for Starship, or a change in government budgets.

Volatility. From the record high to the low since the IPO, the price fell about 54%. From that low to the 15 October close, it rose about 42%. Your position size needs to account for swings that large.

Ways to Get Access

There are two routes, and they are fundamentally different. Here is how they compare:

US broker vs the SPCXX token at Mobee

AspectSPCX shares through a US brokerSPCXX token at Mobee
What you holdSpaceX shares; you become a shareholderA token that follows SpaceX's price, not shares
Voting and shareholder rightsYesNo
Where you tradeNasdaq, through a brokerThe Spot Trade market in the Mobee app
Pairs and currencyUS dollarsSPCXX/IDR (rupiah) and SPCXX/USDT
General requirementsA securities account, US dollar transactions, and compliance with applicable tax and reporting rulesA Mobee account
Price trackingLive exchange priceFollows the token issuer's terms. The price can differ from the Nasdaq close
Trading hours and feesUS exchange hours and broker ratesSee the SPCXX market page in the Mobee app
LiquidityMajor exchange, very deepThinner. SPCXX/IDR: 24-hour volume about Rp952 million (16 October 2026)

What to understand before buying the token:

You do not hold SpaceX shares. What you hold is an instrument issued by a third party and designed to track its value. There are no voting rights, no shareholder rights, and your claim path if the issuer runs into trouble differs from that of an exchange shareholder.

Tracking follows the issuer's terms. Make sure you read how the token keeps its link to the reference price, how corporate actions are handled, and what happens outside US market hours.

Liquidity is thinner than on a major exchange. At that depth, a large order can move the price by itself, and the gap between the buy and sell price can widen.

For a general explanation of tokenized stocks, see how xStocks work and xStocks compared with conventional stocks.

Access SPCXX at Mobee

If you want to follow SpaceX's price in rupiah without a US securities account, the SPCXX token is available in Mobee's Spot Trade through the SPCXX/IDR and SPCXX/USDT pairs. On the morning of 16 October 2026 (WIB), SPCXX/IDR traded at about Rp2,699,964, with a 24-hour range of Rp2,595,801 to Rp2,733,340.

The token follows the price and is not share ownership, and its value can rise or fall sharply. Crypto assets are high-risk, so use only funds whose risk you are ready to bear.

Things to Think About Before Getting In

A more useful question than "is SpaceX a good company" is "do I understand what I hold, and how large a loss can I bear".

The company can be excellent and the stock can still be the wrong choice for you, if you are not comfortable with an already high valuation, a centralized voting structure, and a price that can move tens of percent within weeks.

If you still want in, treat it as a high-risk asset class when sizing your position. The framework is in crypto trading risk management.

Conclusion

As of 16 October 2026, SPCX closed at US$148.62 on 15 October, about 10% above the US$135 IPO price but about 34% below its record high. The business is strong on two legs, launches and Starlink, while the risks sit in valuation, the voting structure, the lock-up schedule, and volatility. You can choose the stock directly through a US broker or the SPCXX token at Mobee, and the two give you different rights.

Want to keep an eye on SPCXX? Open its market in the Mobee app, licensed and supervised by OJK. Download the app on Google Play Store or the App Store.

FAQ

What is the SpaceX (SPCX) stock price today?

The latest confirmed close is US$148.62 on 15 October 2026, with a daily range of US$140.66 to US$149.04. That is about 10% above the US$135 IPO price. The price moves every US trading day, so check the current price before you trade. The data in this article was updated on 16 October 2026.

Where can I buy SpaceX stock?

SPCX trades on Nasdaq, so it can be bought through a broker or securities firm that offers access to US exchanges. You become a shareholder with the rights that come with it. As an alternative, Mobee offers the SPCXX token in Spot Trade, which follows SpaceX's price, but the token does not give share ownership.

What stock is SPCX?

SPCX is the Nasdaq ticker of Space Exploration Technologies Corp. (SpaceX). The company is in rocket launch services and the Starlink satellite internet service, and it listed on 12 June 2026 at an offer price of US$135 per share.

Is the SPCXX token the same as SpaceX stock?

No. The token is issued by a third party and designed to follow SpaceX's price. It gives no voting rights or shareholder rights, and how it tracks the price follows the issuer's terms. Its price can also differ from the Nasdaq closing price.

When does the SpaceX lock-up end?

Elon Musk's lock-up is 366 days from the IPO, so it fully ends around 12 or 13 June 2027 (sources differ by one day). Employee shares unlock in stages, with the last portion around 8 December 2026 according to the schedule media cite from the prospectus. Pre-IPO investor schedules differ by source, so check the 424B4 prospectus on the SEC website for exact dates.

Disclaimer

This article is for information and education only, not investment advice. Asset prices can change at any time, and the data in this article applies as of the update date, 16 October 2026. The SPCXX token is not the same as share ownership, and crypto assets are high-risk. Do your own research before making any decision. Mobee is operated by PT CTXG Indonesia Berkarya, licensed and supervised by the Indonesian Financial Services Authority (OJK).

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