On June 12, 2026, SpaceX priced its shares at $135 apiece, accomplishing something that only a few years prior had seemed nearly unthinkable. In a single offering, the company raised $85.7 billion, almost three times as much as Saudi Aramco did when it went public in 2019. The time had finally come for a generation of ordinary investors who had watched SpaceX from the sidelines and wondered if they would ever get a chance to own a piece of it.
Where to actually purchase those shares is now the practical question.
SpaceX is traded under the ticker SPCX on the Nasdaq Composite Index. This implies that it can be purchased through any brokerage account that has access to Nasdaq-listed securities, which essentially covers the majority of the main platforms that Americans currently use. Access was provided during the initial public offering (IPO) by Fidelity Investments, Charles Schwab, E*TRADE by Morgan Stanley, Robinhood, and SoFi. The stock is still traded on the open market. It now only requires creating an account on any of these platforms, looking up the ticker SPCX, and placing a standard buy order. Brokers that provide access to the US market usually also include it for foreign investors.
Robinhood has raised awareness of SPCX’s 24-hour trading availability, which appeals to investors who frequently respond to late-night Elon Musk posts on X. Longer-term investors, retirement savers, and those who already own index funds and exchange-traded funds (ETFs) are the target market for Fidelity and Schwab. It’s important to note that since SpaceX joined the Nasdaq-100 on July 7, anyone who has an index-based ETF that tracks that index probably already has some exposure to SPCX, whether they are aware of it or not. Americans who have 401(k)s linked to Nasdaq-heavy funds might be taken aback to discover that they covertly own a tiny portion of the business.
For those who want exposure without committing to a single stock, there is also the ETF option. SPCX is currently held by a number of ETFs. Four have been identified by The Motley Fool as being especially pertinent to investors keeping an eye on the space and AI infrastructure industries. Given where the stock is currently trading, it makes sense that some people would feel more at ease with this less concentrated wager.
Since that is the other aspect of this tale. On June 16, a few days after the IPO, SpaceX reached an intraday high of $225.64 before declining. It is currently trading at about $123, which is 45% below its peak and below its initial IPO price. Finding the causes is not difficult. At the moment, the business is not profitable. Its AI division, which was grown by acquiring xAI prior to the IPO, is losing money.
Employees and early shareholders can start selling after a lock-up period ends in late July or early August. With almost 29% of the public float currently sold short, or about $25 billion in bearish bets, short interest has increased dramatically.
With a price target of $250 and an Outperform rating, Macquarie maintains that investors should purchase any decline. Some are far less enthusiastic. The AI stock bubble has burst, according to Peter Schiff, who is always quick to point out when he believes something is overpriced, and the chart doesn’t appear promising. On social media, Elon Musk cautioned short sellers that their chances of surviving are “very low.”
Which of them is closer to the right is still up for debate. It’s evident that SpaceX’s first quarterly earnings report as a publicly traded company is due on August 4, and that date is beginning to feel like a big deal. A $0.16 loss per share is what analysts are projecting. This stock’s future trajectory will probably be determined by how the company presents its path to profitability and what it says about Starlink expansion, Starship development, and its AI goals.
Access has never been simpler for anyone considering purchasing SPCX. Timing, valuation, and risk tolerance are the more difficult questions. The stock is priced for a future that must go almost perfectly in order to justify the current multiple, which is 87 times its 2025 revenue. By 2030, Elon Musk expects to generate more than $1 trillion in revenue annually. More realistic, analysts predict a 97% compound annual revenue growth rate between 2025 and 2028. This is still remarkable, but it depends on Starship operating on a regular basis, Starlink expanding internationally, and the AI division establishing a profitable foundation.
The simple part is the brokerage account. What investors still need to determine for themselves is the conviction.
