SpaceX stock update: back near its IPO price five months after a record debut
SpaceX became a public company on June 12, 2026, in the largest initial public offering in history. Five months later, the stock (Nasdaq: SPCX) is back close to where it started after a wild ride.
The record IPO
- IPO price: $135 a share, set June 11, 2026
- About 556 million shares sold, raising roughly $75 billion at the offer price (about $86 billion including the underwriters’ extra shares)
- Valuation at the IPO price: about $1.75 trillion
- First trade: $150; first-day close: $160.95, up 19%
The ride since
Shares climbed to about $225 in the days after the debut, briefly making SpaceX one of the most valuable public companies in the U.S. By early August they had fallen below $105, roughly half their peak. The stock has since recovered and closed at $136.37 on November 2, just above the IPO price.
What drives the story
SpaceX builds and launches reusable rockets and spacecraft, runs the Starlink satellite internet business, and earlier this year acquired Elon Musk’s artificial intelligence company. Musk held about 48.4% of SpaceX’s voting power as of November, according to regulatory filings. Analysts point to a high valuation, at nearly 60 times sales, and heavy spending: SpaceX invested $19.6 billion in the third quarter alone.
What to watch
- The lock-up expiration: pre-IPO investors can begin selling on a staggered schedule running to about December 9, 2026, which could add many more shares to the market
- Starlink growth and launch cadence
- Spending on AI and space infrastructure
This stock update is for information only and is not investment advice. Prices and forecasts change quickly; do your own research or talk with a licensed financial advisor before you invest. See more featured stock updates and how Upstormed invests.
Sources: SpaceX Investor Relations, The Motley Fool, StockMarketWatch, Yahoo Finance.
