Key Stats for SpaceX Stock
- Price change for SpaceX stock: 19%
- $SPCX Share Price as of Jun. 12: $161
- 52-Week High: $176
- $SPCX Stock Price Target: $164
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What Happened?
SpaceX (Officially known as Space Exploration Technologies Corp.) (SPCX) stock made its Nasdaq debut on Friday under the ticker SPCX, jumping roughly 19% to close at $160.95.
At its peak, the stock hit $176.52. After hours, shares climbed further to around $167, pushing the market cap toward $2.2 trillion.
The company raised $75 billion in the IPO, making it the largest IPO in history by a wide margin. More than 500 million shares traded hands on the first day, approaching Facebook’s first-day record of roughly 580 million shares in 2012.
SpaceX stock was the most bought stock by retail investors on Friday by a significant margin, with net retail buying running at more than 3.5 times the level seen in Nvidia, which came in second.
Total retail turnover in SPCX reached $453 million, representing about 4% of all single-stock retail activity on the day.
Citadel Securities called it the highest IPO auction order activity ever recorded among retail investors.
Elon Musk joined the opening bell ceremony remotely from Texas, while COO Gwynne Shotwell rang the bell at Nasdaq in New York.
Musk said during a pre-IPO livestream that SpaceX has been cash-flow positive since around 2015 and that the company is going public now to fund a “significant growth phase,” including plans to put more than 100,000 satellites into orbit and to build AI data centers in space.
The company’s only currently profitable segment is Starlink, its satellite internet division.
- SpaceX has incurred a total loss of $41.3 billion since its founding in 2002 and posted a net loss of $4.9 billion last year, despite revenue of $18.7 billion.
- SpaceX also completed its acquisition of Elon Musk’s xAI in February 2026, bringing Grok AI models and the X social network under its umbrella.
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What the Market Is Telling Us About SpaceX Stock
Not everyone is convinced. CFRA Research analyst Keith Snyder assigned SpaceX stock a sell rating shortly after the debut, with a 12-month price target of $115, well below the $135 IPO price. He called the valuation “borderline comical,” given the growth rates required to justify it.
Shares of other space industry names fell sharply on the day. Rocket Lab dropped more than 10%, and the Procure Space ETF fell 7%, as investors rotated into SpaceX stock.
The debut also officially made Musk the world’s first trillionaire, based on his combined stakes in SpaceX and Tesla.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
