SpaceX Stock (SPCX): Business, IPO, and How to Access It
This article covers the business, the stock's path since the IPO, the risks worth understanding, and the ways to get exposure on Mobee.
Key Takeaways
- SPCX has been listed on Nasdaq since 12 June 2026 at an IPO price of US$135 per share.
- At the 2 October 2026 close, SPCX stood at US$158.96 with a market capitalization of about US$2.1 trillion.
- Revenue rests on two legs: launch services and the Starlink satellite internet service.
- The founder and insiders still hold substantial voting control, and the lock-up period has not yet ended.
- On Mobee, access is offered as a token that tracks SpaceX's value, not as share ownership.
What SpaceX actually sells
• Launch services
The original business is carrying payloads to orbit for governments and companies. What changed the economics of the industry is reusable rockets, 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 used to be out of the question, 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, recurs every month, and comes from a large number of retail and corporate customers.
This difference explains the company's high valuation. The market prices 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. This gives cash flow certainty, but it also means budget changes or shifting 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. The offering raised tens of billions of dollars and became one of the largest IPOs in history, at a valuation of about US$1.75 to 1.77 trillion at listing.
On day one, SPCX closed at about US$161, roughly 19 percent above the IPO price. The path afterwards was not a straight line up: the stock dipped to around US$123 to 125 in late June and early July, then recovered. The 50-day average price is around US$139.
At the 2 October 2026 close, SPCX was at US$158.96, up 7.4 percent on the day after three successful launches in 13 hours, including a crewed mission to the International Space Station and a Starlink satellite deployment. Market capitalization is about US$2.1 trillion, roughly 18 percent above the IPO price.
One note: daily moves like this are a snapshot, not a forecast. Newly listed stocks tend to be far more volatile than those that have been listed for years.
What changed 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 filings, instead of relying on reports of valuations from closed transactions.
The price is also set by open trading on every exchange day, not by occasional deals between existing shareholders and selected investors. That means the analysis tools normally used for listed stocks, such as valuation ratios and comparisons with peers, 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 posted a net profit, and some analysts put the turn to profit no earlier than 2027. A valuation this size means the market already prices in substantial future growth, including plans that are not yet proven, such as AI data centers and Starship development.
Risks to understand
Voting structure. Elon Musk holds about 42 percent of the shares, but through multiple-vote shares (Class B) he controls about 82 to 85 percent of the votes. Ordinary shareholders have almost no say on major decisions.
Lock-up period. Musk and insiders are bound by a 366-day lock-up, while pre-IPO investors are bound by a staggered 180-day lock-up tied to the quarterly reporting schedule. When a lock-up ends, shares that were held back can reach the market and add selling pressure.
High valuation. With a market capitalization around US$2 trillion and no profit yet, the price is highly sensitive to news, whether it is a successful launch, a Starship technical setback, or a change in government budgets.
Volatility. The gap between the lowest and highest prices since the IPO is already more than 30 percent. Your position size should account for that.
Ways to get exposure
There are two routes, and they are fundamentally different.
Buying SPCX shares directly. Through a broker that offers Nasdaq access. You become a shareholder with the rights that come with it, but you need a securities account, trade in US dollars, and follow the applicable tax and reporting rules.
A token on Mobee. SPCXX/IDR is available, a token that tracks SpaceX's value and trades in rupiah. As of 1 October 2026 it traded at Rp2,700,392, up 1.37 percent over 24 hours, with 24-hour volume of about Rp1.06 billion.
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 path to a claim if the issuer runs into trouble differs from that of an exchange shareholder.
How it tracks follows the issuer's terms. Make sure you read how the token maintains 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 on its own, and the gap between buy and sell prices can widen.
A general explanation of tokenized stocks is in how xStocks work and xStocks compared with conventional stocks. For a closer look at price moves and valuation, see SpaceX stock performance.
What 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 much of a loss can I bear".
The company may be excellent and the stock may still be the wrong choice for you, if you are uncomfortable with an already high valuation, a concentrated 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 it comes to position sizing. The framework is in crypto trading risk management.
Frequently Asked Questions
Yes. SpaceX has been listed on Nasdaq under the ticker SPCX since 12 June 2026, so its shares can be bought through a broker that offers access to US exchanges. On Mobee, the SPCXX token is available as an alternative, but the token does not give you share ownership.
SpaceX listed on Nasdaq on 12 June 2026 at an offer price of US$135 per share. On the first day the stock closed at about US$161, roughly 19 percent above the IPO price.
No. The token is issued by a third party and designed to track SpaceX's value. It gives no voting rights or shareholder rights, and how it tracks follows the issuer's terms.
A lock-up is a temporary ban on existing shareholders selling their shares after an IPO. For SpaceX, Elon Musk and insiders are bound for 366 days, while pre-IPO investors are bound for a staggered 180 days. When it ends, additional shares can reach the market and add selling pressure.
From the SPCX share price formed through open trading on Nasdaq, multiplied by the number of shares outstanding. As a public company, SpaceX must also publish periodic financial reports that you can check yourself.
This article is for educational purposes and is not investment advice. Asset prices can change at any time, and the data in this article applies as of the writing date. Do your own research before making any decision.
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