How to Buy SpaceX Stock in Australia (2026): Is SPCX Still a Good Investment When the Share Price Hits $200?

SpaceX has finally become a publicly traded company, and it has quickly emerged as one of the most talked-about stocks of 2026. After listing on the Nasdaq under the ticker symbol SPCX, the stock surged from its IPO price of $135 to over $200 within days, attracting enormous attention from investors around the world.

For Australian investors, the SpaceX IPO has created a rare opportunity to invest directly in a company that was previously accessible only to private investors and venture capital firms. But after such a strong rally, many investors are asking the same question: Is SpaceX still worth buying at $200 per share?

In this guide, we'll explain how to buy SpaceX stock in Australia, review the company's latest share price performance, examine its long-term growth prospects, compare the best brokers, and discuss whether SPCX remains an attractive investment after its blockbuster market debut.

SpaceX (NASDAQ: SPCX) has delivered one of the strongest IPO performances in recent market history. After pricing its record-breaking IPO at $135 per share on June 11, 2026, the stock immediately attracted massive demand from both institutional and retail investors. The offering raised approximately $75 billion, making it the largest IPO ever completed in the United States.

The stock opened its first trading session on June 12 at around $150 and closed at approximately $161, representing a gain of roughly 19% on its debut day. Strong buying momentum continued throughout the following week as index funds, growth investors, and momentum traders rushed to gain exposure to one of the world's most anticipated public companies.

By June 16, SpaceX shares had climbed above $200, reaching an intraday high near $220 before closing around $201.80. At that level, the stock was trading nearly 50% above its IPO price in less than a week, pushing SpaceX's market capitalization above $2.5 trillion and briefly making it more valuable than Amazon.

SPCX Stock Performance Since IPO

The speed of SpaceX's rally has surprised even bullish analysts. While mega-cap technology companies often take years to add hundreds of billions of dollars in market value, SpaceX achieved this within days of listing thanks to extraordinary investor demand and limited share availability.

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Several powerful catalysts have combined to push SpaceX stock above the $200 level shortly after its IPO.

1. Massive Investor Demand Following the IPO

The SpaceX IPO was heavily oversubscribed, reportedly attracting more than $250 billion of investor interest before listing. Many investors were unable to secure IPO allocations and were forced to buy shares in the open market, creating significant post-listing demand.

At the same time, only a small percentage of SpaceX's total shares are currently available for trading, creating a supply-demand imbalance that has supported higher prices.

2. Starlink Is Becoming a Global Communications Giant

For many investors, SpaceX is no longer just a rocket company.

Starlink has grown into one of the world's largest satellite internet providers, serving millions of customers across residential, enterprise, aviation, maritime, and government markets. Investors increasingly view Starlink as a high-margin recurring-revenue business that could eventually rival major telecommunications providers.

This recurring revenue stream provides a more predictable earnings profile than traditional aerospace companies.

3. AI Expansion Is Creating a New Growth Story

A major driver behind the recent rally is SpaceX's growing exposure to artificial intelligence.

Following the integration of xAI earlier in 2026 and the company's announced acquisition of AI coding platform Cursor, investors have begun valuing SpaceX not only as a space company but also as an emerging AI infrastructure player. The market increasingly sees opportunities across AI data centres, satellite-powered computing networks, and future orbital AI infrastructure projects.

As a result, some investors are comparing SpaceX's long-term growth potential with leading AI companies rather than traditional aerospace firms.

4. Record-Breaking Options Activity

On June 16, SpaceX options began trading and immediately generated record volumes. Approximately 1.8 million contracts changed hands on the first day, making SpaceX one of the most actively traded stocks in the options market. Bullish call buying significantly exceeded put activity, creating additional upward pressure on the share price.

Some analysts have also suggested that gamma-squeeze dynamics may have contributed to the stock's rapid rise as market makers purchased shares to hedge growing call option exposure.

5. Index Inclusion and Institutional Buying

Following its listing, SpaceX quickly became one of the largest publicly traded companies in the world. This has triggered automatic buying from major index-tracking funds and ETFs that need to add SPCX to their portfolios.

This type of mechanical demand often provides significant support during the first few weeks after a major IPO.

6. Investors Are Betting on the Future Space Economy

Beyond today's financial results, many investors are buying SpaceX because of its dominant position in several trillion-dollar future markets:

• Reusable launch systems

• Starlink global broadband

• Defence and government contracts

• Lunar exploration programmes

• Mars transportation initiatives

• Space-based AI infrastructure

Investors believe SpaceX could become the defining company of the emerging space economy, similar to how Amazon shaped e-commerce and how Nvidia became the leader in AI computing.

Before the IPO, gaining exposure to SpaceX was extremely difficult because the company was privately held. Investors typically needed access to private equity funds, venture capital vehicles, or secondary-market transactions, which were generally unavailable to retail investors.

That changed when SpaceX listed on the Nasdaq under the ticker symbol SPCX, opening the door for Australian investors to purchase shares through brokers that provide access to US stock markets.

Whether you're a long-term investor looking to own SpaceX shares or an active trader seeking short-term opportunities, there are now several ways to gain exposure to one of the world's most closely watched companies.

Can Australians Buy SpaceX Through Local Brokers?

Most major Australian brokers that offer access to US equities allow investors to buy SPCX shares directly.

Investors simply need a brokerage account with US market access, sufficient funds in Australian dollars or US dollars, and the ability to trade on the Nasdaq exchange.

Do You Need to Be a US Citizen?

No.

Australian residents can legally buy US-listed stocks, including SpaceX, without being US citizens. Most brokers will require investors to complete a standard W-8BEN form, which helps determine the correct US tax treatment for foreign investors.

The process is usually completed online during account registration and takes only a few minutes.

Buying SpaceX Shares vs Trading SpaceX CFDs

Australian investors generally have two options:

1. Buy actual SpaceX shares.

2. Trade SpaceX CFDs through a regulated CFD broker.

Each approach has advantages depending on your investment objectives.

When you buy actual SpaceX shares, you become a shareholder and participate directly in the company's long-term growth.

When trading CFDs, you do not own the underlying stock. Instead, you speculate on price movements. CFDs allow traders to use leverage and potentially profit from both rising and falling markets.

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1. Mitrade – Best Broker for Trading SpaceX CFDs

Mitrade is one of Australia's most popular CFD trading platforms and offers exposure to major US stocks, including SpaceX CFDs. The platform is particularly attractive for traders who want to speculate on short-term SPCX price movements without purchasing the underlying shares.

Key benefits include:

• ASIC-regulated broker

• User-friendly mobile trading app

• Trade rising and falling markets

• Leverage available for eligible traders

• No commission on CFD trades

• Fast account opening process

Mitrade is especially suitable for traders looking to take advantage of the high volatility often seen after major IPOs. Since SpaceX shares have already risen significantly since listing, some traders may prefer CFDs to gain flexibility in both bullish and bearish market conditions.

       

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2. Interactive Brokers – Best for Long-Term Investors

Interactive Brokers (IBKR) remains one of the most cost-effective platforms for Australians investing in US stocks.

Investors can buy actual SpaceX shares directly on the Nasdaq exchange and benefit from some of the lowest trading costs in the industry.

Advantages include:

• Direct ownership of SPCX shares

• Access to more than 150 global markets

• Competitive currency conversion rates

• Fractional share investing

• Advanced portfolio management tools

For investors planning to hold SpaceX for several years, Interactive Brokers is often one of the most economical options available.

3. CMC Markets – Best All-Round Choice

CMC Markets offers both share investing and CFD trading through a single platform, making it an excellent choice for investors who want flexibility.

Features include:

• Buy US shares directly

• Trade SpaceX CFDs

• Advanced charting and analysis tools

• Strong educational resources

• Integrated mobile trading platform

The broker's combination of investing and trading functionality makes it a good option for investors who may wish to build a long-term position while also taking advantage of shorter-term market opportunities.

4. IG Markets – Best for Advanced Traders

IG Markets is one of the largest CFD providers globally and offers extensive access to international financial markets.

SpaceX traders may appreciate:

• Professional-grade trading platform

• Advanced risk management tools

• Extensive market research

• CFD leverage opportunities

• Ability to short SpaceX stock

The platform is particularly appealing to experienced traders who require sophisticated analysis tools and advanced order types.

5. Saxo Australia – Best Premium Investment Platform

Saxo Australia provides a premium investing experience for investors looking to build diversified international portfolios.

Benefits include:

• Access to US-listed SpaceX shares

• Professional research reports

• Multi-asset investing

• Advanced trading platforms

• Strong portfolio management capabilities

Although Saxo is often geared towards more experienced investors, its comprehensive market access and research tools make it a strong option for those looking to add SpaceX to a broader global investment strategy.

Fees and Trading Costs Comparison

After one of the most anticipated IPOs in history, SpaceX (NASDAQ: SPCX) has quickly become one of the hottest stocks on Wall Street. The share price surged from its IPO price of $135 to around $200 within days of listing, leaving many investors wondering whether they have already missed the opportunity—or whether SpaceX still has significant upside ahead.

SpaceX remains one of the most exciting growth companies available to public investors in 2026. The company combines leadership in commercial spaceflight, satellite communications, AI infrastructure, and government contracting—industries that could see substantial expansion over the next decade.

However, investors should recognise that much of the easy money from the IPO may already have been made. At $200 per share, SpaceX is no longer a bargain opportunity; it is a premium growth stock with premium expectations.

For long-term investors who believe in the future of Starlink, Starship, and the broader space economy, SpaceX could still be an attractive addition to a diversified portfolio. For short-term traders, the stock's elevated valuation and post-IPO volatility mean risk management remains essential.

Bull, Base and Bear Investment Cases

SpaceX may still be a good investment at $200 if your time horizon is measured in years rather than months. The company's leadership position, innovative technology, and multiple growth drivers provide a compelling long-term story. However, investors should be prepared for short-term volatility and recognise that future returns will increasingly depend on SpaceX delivering on its ambitious growth plans rather than simply benefiting from IPO excitement. 

While many investors choose to buy and hold SpaceX shares, others prefer trading SpaceX CFDs (Contracts for Difference) to take advantage of short-term price movements.

CFDs allow traders to speculate on whether SpaceX's share price will rise or fall without owning the underlying stock. This flexibility has made CFDs particularly popular among active traders, especially during periods of heightened volatility following major IPOs.

The best place to buy CFDs in Australia is Mitrade. To brokerage offers low fees, flexible position management, fair trade sizes, and leveraged trading. Follow the steps below to buy SpaceX CFD on Mitrade in Australia:

• Visit the Mitrade website or download the mobile app to register an account.

• Fund your account after completing identity verification. 

• Search for SPCX 

• Open your trading position 

• Manage your trades

👉 Ready to Trade SpaceX?

SpaceX is now one of the most actively traded stocks in the market, offering opportunities for both long-term investors and short-term traders.

Open your trading account today and start trading SpaceX alongside thousands of global stocks, indices, commodities, forex pairs, and cryptocurrencies.

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