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Space Exploration Technologies Corp., or SpaceX (SPCX +1.89%), completed its long-awaited initial public offering (IPO) on June 12, 2026. The satellite, rocket, and AI company is the largest IPO ever, raising $75 billion (nearly triple the $25.6 billion raised by Saudi Aramco in 2019).
SpaceX priced its IPO at $135 a share (a staggering $1.75 trillion valuation). The space and AI company has taken investors on a wild ride since going public. It initially popped to about $225 per share right after its IPO, then tumbled below $105 per share by early August. SpaceX has since recovered and was trading back above its IPO price by early October.
SpaceX is a groundbreaking company. The Elon Musk-led start-up was the first private company to develop a liquid-propellant rocket that reached orbit, the first to send astronauts to the International Space Station, and the first to achieve a vertical propulsive landing.
SpaceX has a growing commercial operation. It develops and manufactures spacecraft, provides launch services, and operates a commercial satellite-based internet service from its Starlink satellites. It also has a fast-growing AI business (xAI). The company has grand growth ambitions. It wants to deploy AI data centers in space, build Moonbase Alpha, and send uncrewed and crewed missions to Mars.
The company's sky-high ambitions have made it one of the most popular IPO stocks. Here's everything you need to know about investing in SpaceX stock.

Here's a step-by-step guide on how to buy SpaceX stock:
Reasons to consider investing in SpaceX include:
On the other hand, some potential risks to weigh before investing in SpaceX are:
SpaceX is best for more risk-tolerant investors seeking high upside potential.
NASDAQ · As of 4:00 PM ET 10/23/26
SpaceX isn't profitable yet. In its inaugural quarterly report as a public company, covering the second quarter of 2026, the company recorded $7.8 billion in revenue, up 92%. SpaceX posted a net loss of $541 million, an improvement from a $1 billion net loss in the year-ago period.
Profitability varies significantly by segment:
Starlink is the only profitable segment. Investors should keep an eye on whether SpaceX can continue to grow revenue briskly and begin generating profits from its AI and space segments.

No, SpaceX doesn't pay a dividend. The company isn't yet profitable and needs capital to fund its substantial investments in space and AI.
An alternative for investors interested in SpaceX stock is an exchange-traded fund (ETF) that holds the company's stock. Here are the four top ETFs that hold SpaceX stock.
SpaceX didn't have an upcoming stock split as of October 2026. With its share price in the $160-$170 range at the time, it would need to appreciate significantly to warrant a split.
SpaceX completed the biggest ever IPO, cashing in on the hype surrounding its space and AI businesses. These businesses could propel robust revenue growth in the coming years.
However, interested investors should carefully consider the company's profitability and valuation before buying SpaceX stock, as these will be key drivers of its share price going forward. If it can continue to grow revenue briskly and start generating meaningful profits from its AI investments, its shares could continue to skyrocket. However, if SpaceX fails to deliver on its hype, the stock could keep falling back down to Earth.