SpaceX IPO at $135; SPCX perpetual eyes $187.60, $161.00

SpaceX debuted on the Nasdaq at $135 per share on June 12, 2026. The offering raised $75 billion and valued the company at roughly $1.78-1.8 trillion. Underwriting books were oversubscribed three to four times, with more than $250 billion in orders submitted.

Nasdaq changed its inclusion rules on May 1, 2026 to allow large companies to enter the Nasdaq 100 more quickly. SpaceX is expected to be added and could be one of the top 10 components of the index by mid-July 2026. Funds that track the Nasdaq 100 will need to adjust holdings to reflect any index inclusion.

A pre-IPO SPCX/USDT perpetual contract began trading on crypto venues on May 21, 2026. The contract rose to $224.47 on its first day, fell to an intraday low of $154.83 on June 10, and traded near $173.56 at the time of the Nasdaq debut, about 28% above the IPO price.

Price action in the perpetual has formed a descending channel since its launch. Technical analysts identify resistance at $187.60 and support at $161.00. Analysts also cite further resistance levels at $205.10 and $212.70 and support levels at $147.07 and $138.36, derived from common Fibonacci extension techniques.

The SPCX perpetual is settled in Tether and trades on crypto platforms outside traditional equity markets. Perpetual contracts offer continuous trading and can register rapid price swings that differ from on-exchange stock prices.

SpaceX’s operations include rocket manufacturing and launches, the Starlink satellite internet service and the artificial-intelligence unit xAI. Investors consider Starlink subscriber growth and commercial launch demand when assessing revenue and growth expectations.

Traders, institutional index managers and other market participants are monitoring both the Nasdaq listing and grey-market perpetual activity for changes in ETF flows and index-related trading in the weeks following the IPO.