SpaceX IPO and stock guide for Australian investors

Key takeaways：

SpaceX IPO day one: how SpaceX’s market debut played out

SpaceX priced its IPO at US$135 per share, raising approximately US$75 billion and implying an initial valuation of around US$1.75 trillion. When markets opened on 12 June 2026, demand pushed the opening price to US$150 — an immediate 11% premium to the IPO price before a single trade had settled.

By the close of the session, SPCX had finished at approximately US$161, a first-day gain of around 19% from the IPO price. Post-market activity pushed the stock further, with prices reaching approximately US$166.76 in after-hours trading — bringing SpaceX's implied market capitalisation to around US$2.2 trillion.

For context, a 19% first-day gain on a company of this scale is notable. Most mega-cap IPOs in recent history have seen more muted opening-day moves, partly because institutional allocation and pre-IPO price discovery tend to reduce the gap between IPO price and fair value. SpaceX's debut suggests that demand from both institutional and retail investors exceeded what the IPO price had anticipated.

Key day-one figures：

SpaceX share price: what the financials reveal

With SPCX now trading on the secondary market, investors can move beyond opening-day sentiment and evaluate SpaceX on its fundamentals.

SpaceX's S-1 filing also gave public market investors their first look at the company's financials. The filing revealed cumulative losses of approximately US$41.3 billion since founding in 2002, with Starlink remaining the primary profitable business unit. The company also completed its acquisition of xAI in early 2026, adding the Grok AI model, xAI data centres, and social network X to its portfolio.

For the latest SpaceX share price, search SPCX on the moomoo app for real-time data.

What to watch after the IPO: key events and milestones

The IPO was just the starting point. SpaceX's first-day performance drew significant attention — but for investors holding SPCX or considering an entry on the secondary market, the more relevant question is what comes next. A stock's behaviour in the weeks and months following its IPO is often shaped by a series of structural events: the launch of options trading, potential index inclusions, the first public earnings report, and the gradual release of lock-up restrictions. Each of these milestones can introduce new information, shift the investor base, or affect the supply and demand dynamics of the stock in meaningful ways.

Understanding these events — and when they are likely to occur — gives investors a clearer framework for thinking about SPCX beyond the opening-day excitement.

1. Options trading launch — 16 June 2026

Options on SPCX began trading on Cboe on 16 June 2026, just days after the IPO. The introduction of options trading can amplify price volatility in the underlying stock, as market participants establish hedges and directional positions. Investors should also note that implied volatility (IV) on newly listed stocks tends to be elevated in the early days — meaning options premiums may be expensive relative to historical norms.

2. Index inclusion watch — late June to early July 2026

Several major indices are scheduled to review SPCX for potential inclusion in the weeks following the IPO:

Index inclusion is a significant event for any newly listed stock. When a company is added to a major index, funds that track that index are required to buy shares — creating structural demand that can support the stock price. The FTSE/Russell and Nasdaq-100 windows are the most relevant near-term dates to monitor.

3. First earnings report — late July to mid-August 2026

SpaceX's first quarterly earnings report as a public company is expected within the Q2 reporting window of 31 July to 14 August 2026. This will be the first opportunity for public market investors to assess the company's financial performance against the figures disclosed in the IPO prospectus.

4. Lock-up supply — mid-August 2026 and beyond

Lock-up restrictions prevent insiders and pre-IPO shareholders from selling their shares for a defined period following listing. For SPCX, there are three staged unlock windows to be aware of:

Lock-up expirations can introduce additional selling pressure as early investors and employees gain the ability to exit. The 180-day window in December 2026 and the major holder expiry in mid-2027 are the two most significant dates to monitor for potential supply-side impact on the stock price.

Tips: moomoo supports US options trading, giving Australian investors access to SPCX options on Cboe. Real-time market data, a 24-hour news feed, and the moomoo Earnings Hub keep you across every post-IPO milestone — from index inclusion announcements and first earnings results to analyst ratings and lock-up expiry developments — all without leaving the app.
Download the moomoo app to follow every stage of SpaceX’s post-IPO journey.

Beyond direct shares: leveraged ETFs linked to SPCX

Buying SpaceX shares is the most direct way to get exposure — but it's not the only way. Since the IPO, a range of leveraged ETFs have launched that track SpaceX's daily price movements, giving you the option to trade around the stock in both directions without holding the underlying shares.

Bullish (2x long) ETFs

For investors who want magnified upside exposure to SPCX on a daily basis, the following 2x long ETFs are available:

Bearish (2x short) ETFs

For investors who want to express a negative view on SPCX or hedge an existing position, 2x short ETFs are also available:

Key mechanics to understand before using any of these:

These products are designed for short-term trading and carry a different risk profile from holding SPCX shares directly. A few key points to be aware of:

• Daily reset: Leveraged ETFs are designed to deliver a multiple of the daily return of the underlying stock — not the long-term return. Returns over weeks or months may differ significantly from the stated 2x multiple due to daily compounding effects.

• Volatility decay: In volatile or sideways markets, the daily rebalancing mechanism can erode returns over time — a dynamic sometimes referred to as volatility decay or beta slippage. The more volatile the underlying stock, the wider the gap between the ETF's cumulative return and a simple "2x the move" calculation.

• Swap counterparty risk in bear ETFs: With only around 5% of SpaceX shares expected to be in public float in the early weeks following the IPO, direct short selling is likely to be extremely limited due to constrained borrow availability. Bear ETFs therefore rely on total-return swaps to achieve their inverse exposure — a structure that introduces swap counterparty risk and typically results in higher tracking error compared to their long counterparts.

• Short-term instruments: These ETFs are generally considered more appropriate for short-term tactical use rather than long-term portfolio holdings. Daily compounding means that multi-day returns will deviate from the stated leverage multiple — sometimes materially so.

These products are for informational purposes only. This does not constitute a recommendation to buy or sell any security. Investors should read the relevant prospectus and consider their own financial circumstances before investing. Leveraged and inverse ETFs are not designed for buy and hold investors or investors who do not intend to manage their investments on a daily basis. The use of leverage by an ETF increase the risk and are not suitable for all investors and should be utilised only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged or daily inverse leveraged investment results, and intend to actively monitor and manage their investment.

How to invest in SpaceX: buying SPCX shares in Australia

SpaceX is now listed on Nasdaq under the ticker SPCX. For Australian investors who want to buy and sell SpaceX shares on the secondary market through platforms such as moomoo. Here’s how to prepare.

Step 1: Open and verify your account via moomoo

Sign up via the moomoo app or visit the Moomoo Australia website and complete identity verification. This gives you direct access to US markets and professional-grade trading tools, previously reserved for institutional investors.

Step 2: Fund your account and plan FX

During periods of increased market activity, funding times may affect when you can place trades. With moomoo, Australian investors can deposit Australian dollars instantly using PayID or bank transfer. At the same time, moomoo offers a transparent AUD→USD conversion with just a 50‑pip spread, far lower than typical bank fees of 1% to 2%. This ensures your funds are ready in US dollars whenever opportunities arise, allowing you to trade SpaceX shares quickly and efficiently without unnecessary delays or hidden costs.

Step 3: Track SpaceX IPO and stock information

Now that SpaceX is publicly listed, investors can find the stock by searching for its ticker symbol, SPCX, on supported trading platforms. Before placing a trade, it is still a good idea to verify the ticker and exchange details through your broker or the company’s investor relations announcements to ensure you are accessing the correct security.

• Keep the moomoo app open for real-time news updates, available 24 hours every trading day. We deliver real-time push notifications on SpaceX SEC filings and listing confirmations, so you’ll know the exact moment the ticker becomes tradable.

Step 4: Research SpaceX fundamentals using moomoo AI

After a high-profile market debut, staying on top of company fundamentals becomes even more important. Before investing in or adding to your position, take time to evaluate SpaceX’s financial performance and growth outlook.

• Leverage moomoo AI* to get a comprehensive analysis of SpaceX and related companies. Moomoo AI can summarise earnings reports, break down financial statements, and highlight key metrics such as revenue growth, gross profit, and operating expenses. You can explore detailed income statements, balance sheets, and cash flow data directly within the app, helping you make more informed investment decisions.

*Al-generated content is based on market data and public information and does not guarantee accuracy. It should not be read as financial advice.

• Use depth and analytics tools if your platform provides them (for example US Level 2 data where available) to understand liquidity and queue dynamics in fast markets. Supplement with analyst commentary and primary sources, not headlines alone. Moomoo provides Australian investors with free 60-level US Level 2 market data, showing the real-time bid-ask spread and deep market liquidity. This allows you to see exactly where the big institutional 'buy' and 'sell' orders are sitting, giving you a professional edge when timing your entry.

Step 5: Place your order with advanced order types

When you are ready to buy, you have several ways to enter the market.

• Advanced order types: SpaceX shares may continue to experience significant price swings, particularly around earnings releases, major contract announcements, or broader market events. Instead of relying solely on market orders, some investors use limit orders to set a maximum entry price, or stop-loss orders to help manage downside risk once a position is established.

Step 6: Monitor your investment and manage your portfolio with moomoo alerts

Set real-time alerts for price movements, SEC filings, and news. AI-powered insights continuously update your understanding of SpaceX and related companies, ensuring you stay ahead in volatile markets.

Can Australians hold US shares in super (SMSF) or other structures?

Australian investors may be able to hold US shares such as SpaceX through their SMSFs or other investment structures. SMSFs provide a way to invest in international stocks, allowing exposure to SpaceX shares, which trade on Nasdaq under the ticker symbol SPCX. With proper setup and a brokerage that supports international trading, you can invest in SpaceX while keeping your superannuation compliant. Moomoo SMSF makes it easy to open and manage your SMSF account, giving you direct access to US listings with transparent AUD-USD conversion and instant settlement. Learn more and start your SMSF account.

Already participated in the SpaceX IPO through another broker?

If you hold SPCX shares on another platform and are considering switching, moomoo's transfer-in programme offers a welcome incentive. Eligible clients who transfer their holdings to moomoo may receive a transfer bonus of up to $5,000 in stock cash coupons*. Check current transfer offer terms.

Why choose moomoo to buy Spacex stocks?

For Australian investors preparing to participate in the SpaceX IPO, moomoo provides a comprehensive and professional-grade platform that combines advanced trading tools, low-cost execution, and robust regulatory safeguards. The advantages of using moomoo are:

1. 24-hour US stock trading

Moomoo offers US stock trading 24 hours every trading day. As long as the underlying stock supports night trading and pre and post-market trading functions, you can place your orders using moomoo anytime. To view US stocks available for pre, after and night trading, in the app, go to the Markets > select the US tab and click the '24H' button. To trade, click on the relevant stock's detailed quote page and select the corresponding time slot on the page when the order is placed.

2. Instant settlement and efficient currency conversion

In everyday US trading, timely currency conversion matters. For Australian investors, having funds settled instantly after converting from Australian dollars to US dollars can make it easier to act on market opportunities quickly while managing the impact of exchange rate movements.

3. Competitive and transparent pricing

Brokerage starts at just US$0.99 per order (not including FX costs and third-party fees.). There are no account opening fees, inactivity fees, or hidden costs.

Is it worth investing in SpaceX?

SpaceX has attracted significant market attention due to its position in space technology, government and commercial contracts, and businesses such as Starlink. For Australian investors, a future SpaceX IPO may provide exposure to the aerospace and space technology sector through a US-listed company.

That said, IPO investments often come with high valuations and short-term volatility. Investors should carefully assess their risk tolerance, investment horizon, and portfolio balance before buying, especially once SpaceX becomes publicly available.

SpaceX is a genuinely important company in satellite launch and connectivity. A listing could be a landmark event for global markets. It is not automatically a suitable investment for everyone: IPOs can be overpriced relative to near-term cash flows, and retail allocation (if any) is never guaranteed.

If you proceed, size positions carefully, read offer documents, and treat rumours about dates, tickers, and allocations as unconfirmed until officially released.

What is SpaceX?

SpaceX, officially Space Exploration Technologies Corp., is a private aerospace and space transportation company founded in 2002 by Elon Musk. Its mission is to reduce launch costs and, over the long term, support sustainable human presence beyond Earth.

SpaceX is best known for reusable rockets such as Falcon 9 and Falcon Heavy, which helped lower the cost of reaching orbit. It also operates Starlink, a fast-growing satellite internet network built to deliver broadband globally, including in regional and remote parts of Australia.

Today SpaceX works with agencies such as NASA and serves government and commercial customers, making it one of the most influential operators in global space infrastructure.

SpaceX IPO date: When is SpaceX going public?

SpaceX completed its IPO on 12 June 2026, listing on Nasdaq under the ticker SPCX at a price of US$135 per share. Bank of America and Citigroup were among the book runners for the offering.

The key milestones from the IPO process were as follows:

• S-1 registration statement publicly filed: May 2026

• IPO priced: 11 June 2026 at US$135 per share

• Nasdaq trading commenced: 12 June 2026

• Opening price: US$150

• Day-one closing price: approximately US$161, a gain of around 19% from the IPO price

Note for Australian investors: For Australian investors who missed the IPO allocation, SpaceX shares are now available to buy and sell on the secondary market through platforms with access to Nasdaq-listed securities. As with any US-listed stock, trades are settled in USD — so having your foreign exchange arranged in advance helps avoid delays when acting on price movements.

With moomoo, AUD to USD conversion is included in the quoted rate with a transparent 50-pip spread both ways. No separate FX fees are deducted, and instant settlement ensures your funds are ready when you want to trade.

Frequently asked questions

1. Who owns SpaceX？

SpaceX is privately owned, with Elon Musk holding a significant majority stake. Other shareholders include venture capital firms, private equity investors, and employees through stock options. Following the IPO, ownership is now distributed among public shareholders, though Musk is expected to retain substantial control.

2. How does SpaceX make money?

SpaceX generates revenue through:

commercial and government satellite launches

Starlink – a subscription-based satellite internet service

NASA contracts for cargo and crew missions to the International Space Station

defence contracts for US and Australian national security and military satellite deployments

starship development for future Mars missions and point-to-point Earth travel.

3. How to invest in SpaceX?

Australian investors can buy SpaceX shares through brokerage platforms that provide access to US stocks, such as moomoo. Before investing, consider factors such as your investment goals, risk tolerance, and portfolio diversification. Investors may also wish to review SpaceX’s financial performance, valuation, and latest company developments before making an investment decision.

4. What is SpaceX's market cap?

At the close of its first day of trading on 12 June 2026, SpaceX had a market capitalisation of approximately US$2.1 trillion. In after-hours trading, the implied market cap rose to approximately US$2.2 trillion.

5. What is SpaceX share price today?

SpaceX trades on Nasdaq under the ticker SPCX. The IPO price was US$135 per share. For the current share price, search SPCX on the moomoo app for real-time data.

6. What other IPOs should Australian investors watch in 2026?

In addition to SpaceX, Australian investors are closely watching several high-profile AI-related companies and listings that could create new investment opportunities in 2026, including:

• Anthropic IPO – One of the world’s leading AI companies and a major competitor to OpenAI, Anthropic remains among the most anticipated private companies that could eventually go public. Learn more in our guide: Anthropic IPO: what Australian investors need to know in 2026.

• SK Hynix ADR – Expected to list on the Nasdaq, the SK Hynix ADR will provide Australian investors with easier access to one of the world’s largest AI memory chip manufacturers. As a key supplier of High Bandwidth Memory (HBM) chips used in NVIDIA’s AI accelerators, SK Hynix is well positioned to benefit from the continued growth in global AI infrastructure spending. Learn more in our guide: How to buy SK Hynix stock (and ADR) from Australia.