SpaceX Stock Price Today: IPO, Lockups, and Analyst Targets

Updated August 2026

SpaceX stock (SPCX) trades around $137 as of late August 2026, after rebounding above its $135 IPO price following a strong Q2 earnings report, then slipping again as lockup expiries released hundreds of millions of shares. The stock remains far below its June peak of $225.64 but well above its August low of $104.83. Investors are weighing the company's explosive revenue growth against the supply pressure from insider share unlocks.

What is SpaceX's stock ticker and symbol?

SpaceX trades under the ticker SPCX on the Nasdaq exchange. The company completed its initial public offering on June 12, 2026, opening at $150 and closing its first session at $160.95. The ticker is the same for all investors, and it is the symbol you will see on financial platforms and news sites.

How did SpaceX stock perform after its IPO?

SpaceX stock had a volatile debut. It reached a peak of $225.64 on June 16, a 67% premium over the $135 IPO price. But the stock then fell sharply, hitting a record low of $104.83 on August 3. The decline was driven by the expiration of initial lockup periods, which made more shares available for trading, and by the company's massive capital expenditures. Its 2025 capex was $20.7 billion, nearly double the 2024 total.

The stock changed course after SpaceX reported its first quarterly earnings as a public company on August 4. Revenue rose 92% year over year to $7.8 billion, beating the consensus estimate of $6.93 billion. The net loss narrowed to $541 million from $1 billion a year earlier. Adjusted EBITDA reached $3.5 billion. By August 12, the stock was up nearly 40% from its low.

What drove the recent rebound?

The rebound was fueled by the Q2 earnings beat and by the performance of SpaceX's artificial intelligence business. Q2 revenue from the AI solutions group soared to $2.6 billion, up from $737 million in the prior year. Launch and Starlink segments grew 29% and 67%, respectively. The company also closed its acquisition of AI coding tool Cursor on August 14, issuing roughly 389.3 million new shares to fund the deal.

Despite the positive earnings, the stock slipped again after the second lockup expiration on August 20. About 319 million shares held by early employees and investors became tradable that day. The stock closed the week below its IPO price, even after a Friday bounce.

What are analyst price targets for SpaceX?

Analysts have set price targets ranging from $160 to $200. Deutsche Bank and Citi have targets around $200, while Argus has a target of $160. Morningstar's fair value estimate is $62 per share, which implies the stock trades at double its intrinsic value. Morningstar rates the stock at 1 star, meaning it is overvalued. However, many sell-side analysts remain bullish, and some upgraded their targets after the Q2 report.

"You need to divorce what's going on with the fundamentals of the company and the valuation of the company versus how it's going to trade in the marketplace," said David Sekera, chief U.S. market strategist at Morningstar. "Overall, it's not meaningful to what we think SpaceX's long-term intrinsic valuation is worth."

What is the $100B annualized revenue run-rate target?

SpaceX is targeting an annualized revenue run-rate of $100 billion, driven by Starlink, its neocloud business, and the Cursor AI acquisition. The company's Q2 revenue of $7.8 billion annualizes to about $31 billion, so the target implies more than tripling current revenue. The AI business is the fastest-growing segment, and the Cursor acquisition adds a coding tool with a large user base. Starlink continues to expand globally, and the neocloud business provides AI infrastructure services.

What are the risks from lockup expiries?

Lockup expiries are the biggest short-term risk for SpaceX stock. The staggered schedule will release roughly 88% of SpaceX's 13 billion total shares through 2027. A 1.3 billion-share tranche unlocks around Q3 earnings in early November, and another release is tied to the 180-day expiry in December. Elon Musk's 6.42 billion shares remain locked until June 2027. Each unlock adds supply, which can push the price down. The August 6 unlock of 911.5 million shares did not hurt the stock, but the August 20 unlock of 319 million shares did. Investors should expect volatility around these dates.

Is SpaceX stock a buy right now?

Whether SpaceX stock is a buy depends on your time horizon and risk tolerance. The company has exceptional revenue growth and a dominant position in launch and satellite internet. But the valuation is stretched, and lockup expiries will continue to create selling pressure. Morningstar's fair value of $62 suggests the stock is overvalued. If you believe in the $100 billion run-rate target and the AI opportunity, the stock may be worth holding. For short-term traders, the lockup calendar is a major risk. Always do your own research and consider your financial situation.

FAQ

What is SpaceX's stock symbol?

SpaceX trades under the ticker SPCX on the Nasdaq exchange.

What is the current SpaceX stock price?

As of August 21, 2026, SpaceX stock trades around $137, down from its 52-week high of $225.64 and up from its low of $104.83.

When did SpaceX go public?

SpaceX went public on June 12, 2026, with an IPO price of $135 per share.

What are the analyst price targets for SpaceX?

Deutsche Bank and Citi have targets around $200, Argus has $160, and Morningstar's fair value is $62.

When is the next SpaceX lockup expiration?

The next major unlock is a 1.3 billion-share tranche around Q3 earnings in early November 2026, followed by a release tied to the 180-day expiry in December.

For more context on the company's ownership and Musk's wealth, see our Who Owns SpaceX? 2026 Shareholder Breakdown and Is Elon Musk a Trillionaire? Yes, After SpaceX IPO. You can also track Elon Musk's net worth in real time.