Trading at $142 on September 2, 2026, SpaceX (NASDAQ: SPCX) stock is far below the record price of $225 achieved just a few days after the historic initial public offering (IPO) that priced shares at $135.
Starting in August and reinforced by an impressive earnings report, SpaceX (NASDAQ: SPCX) stock has slowly been regaining ground lost in its initial months in the public markets.
SpaceX's post-IPO pullback comes as Starlink profits rise, AI revenues surge and Starship advances toward an orbital test.
August brought a bullish reversal for SpaceX (NASDAQ: SPCX) stock, though it, despite leaving the equity above the initial public offering (IPO) price of $135, failed to take it above either the day-one open or close.
August has been more than positive for SpaceX (NASDAQ:SPCX) stock, its shares gaining 30% and climbing back above the initial public offering price (IPO). Now, another potential short-term growth catalyst emerges in the shape of the September 9 SpaceX share unlock, when the free float is set to reach 17.7%.
Despite a choppy start to the month, August proved to be a strong month for SpaceX (NASDAQ: SPCX) stock, as it saw the equity break the preceding downtrend and rally 30.57% from $108.38 at the July 31 close to $141.50 at the latest close.
SpaceX's stock got ahead of itself. The biggest question is now capital efficiency.
The White House has made three big macroeconomic moves in recent weeks. All of them hold the potential to negatively impact SpaceX.
The proliferation of man-made material circling the planet is raising concerns over potential collisions.
After a volatile start as a public company, SpaceX (NASDAQ: SPCX) stock has regained momentum in recent weeks, boosting returns for investors who bought during its late-July pullback.
SpaceX (NASDAQ: SPCX) delivered robust Q2 results, with 92% revenue growth to $7.8B, adjusted EBITDA nearly tripling, and Starlink subscribers doubling to 12M. SPCX's Connectivity segment is highly profitable, while AI showed rapid growth but demands unprecedented CapEx, driving free cash outflow to ~$25B in H1 2026. Management targets a December 2026 annualized revenue run rate above $100B, but execution risk is high given aggressive CapEx plans and ambitious guidance.
SKHY stands out after its volatile U.S. debut, backed by HBM leadership, stronger post-IPO performance and a more attractive valuation than SpaceX.