Overview
- SpaceX completed its record IPO on June 12, 2026 at $135, opened at $150 and briefly traded above $200 before the share price retreated toward the IPO level.
- A tiny initial public float of roughly 4–5 percent amplified swings as retail buying, heavy options activity and rapid inclusion in indices forced large, mechanical ETF flows.
- Starlink currently supplies about 60 percent of revenue and is the company’s cash engine while costly AI compute deals and the Starship program drive heavy spending and the high-growth valuation thesis.
- Since the listing the company has moved quickly on financing and deals, including large note offerings to refinance bridge debt and an all-stock AI acquisition, and Reuters-reported compute contracts that analysts say could be worth billions if fully realized.
- Near-term tests for the stock include the first public quarterly earnings expected in early August that will unlock the first staggered tranche of insider shares, a change that could materially widen tradable supply and pressure the price.