SpaceX IPO: Here's How to Buy SPCX Stock Right Now
Key Points
SpaceX went public this morning at $135 per share in the largest IPO in history, instantly placing it among the world's most valuable companies.
If you didn't secure an allocation through certain companies before the window closed, you'll need to buy on the open market.
Despite the hype, the stock appears wildly overpriced at nearly 100 times sales.
- 10 stocks we like better than Space Exploration Technologies ›
After years of "maybe next year," Space Exploration Technologies (SpaceX) (NASDAQ: SPCX) went public this morning at $135 a share -- a roughly $1.77 trillion valuation that makes it the largest IPO in history and places it among the largest public companies in the world.
Most trillion-dollar companies get to that point relatively slowly, compounding over decades. Apple needed nearly 40 years as a public company to cross the line. SpaceX's valuation growth has been incredible. It's no wonder people want in.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
If that's you, here's how the buying actually works.
You probably didn't get the $135 price
The $135 offering price went to investors who requested an allocation in advance through one of five brokerages: Charles Schwab, Fidelity, Robinhood, SoFi, or E*TRADE. That window has closed. But even people who got in line early weren't guaranteed anything -- the IPO was reportedly almost four times oversubscribed.
Image source: Getty Images.
Interestingly, investors like you and me -- retail -- got an unusually large slice of the available shares, roughly 30%. Most IPOs reserve about 5% to 10%.
But if you're reading this, you're in the same boat as nearly everyone else: buying on the open market.
How to actually buy SPCX today
The good news is that from here, it works like buying any other stock -- pull up the ticker SPCX in your preferred brokerage account and place an order.
Considering how volatile the stock price will likely be, market orders may be in order here. This allows you to name the most you're willing to pay, as opposed to placing a market order, which simply takes whatever price is available. On a debut this hyped, the price can move several dollars in seconds, and a market order can fill well above the quote you saw when you clicked.
Should you buy SpaceX stock?
Just because you can now buy the stock doesn't mean that you should. I think that shares are wildly overpriced, and when the IPO dust settles -- or at least soon after -- the stock price will come back to earth.
Despite the hype, the space launch dominance, and even the blockbuster Starlink growth, this valuation just doesn't add up.
The company has certainly earned a premium. SpaceX launches more rockets than anyone by a mile, and Starlink is raking in cash. This is a real business. But the question is whether it's worth the price tag. At nearly 100 times sales, I don't think so.
I'm not alone in thinking this. Morningstar pegs SpaceX's fair value near $780 billion -- less than half the $1.77 trillion IPO tag.
Should you buy stock in Space Exploration Technologies right now?
Before you buy stock in Space Exploration Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Space Exploration Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $438,283!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,257,427!*
Now, it’s worth noting Stock Advisor’s total average return is 938% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of June 12, 2026.
Charles Schwab is an advertising partner of Motley Fool Money. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Charles Schwab and recommends the following options: short June 2026 $97.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.
Recommended Articles
