SpaceX Stock Reclaims IPO Price After a 32% Rebound

SpaceX stock has made a notable comeback after one of the most volatile periods since its public debut. On Monday, August 10, SPCX closed at $138.74, putting the shares back above their $135 IPO price for the first time since mid July. 

The recovery is particularly interesting because the stock had previously fallen to a closing low of $108.27. From that low, the move to $138.74 represents a gain of roughly 28%, while broader market reports have described the August rebound as approximately 30% to 32%.

Key Takeaways

• SPCX closed at $138.74 on August 10, above its $135 IPO price.

• Earnings optimism and reduced lock up fears have helped support the rebound.

• A move towards $200 remains possible but would require substantially stronger fundamentals.

Why Is SpaceX Stock Rising?

source by Trading View

Several factors have contributed to the recent recovery in SPCX. The most important is the market's reaction to the first major lock up expiry.

More than 900 million SpaceX shares became eligible for trading on August 6. Investors had been concerned that employees and early shareholders could immediately sell large amounts of stock, increasing the available supply and putting further pressure on the share price. 

Instead, the stock demonstrated surprising resilience around the event. Reports indicated that approximately 911.5 million shares were unlocked, creating an important test of investor demand.

The absence of an immediate wave of selling helped improve sentiment. Traders who had expected significant selling pressure were instead presented with evidence that demand could absorb at least some of the additional supply.

Strong Earnings Also Helped

SpaceX's latest financial results provided another reason for investors to reconsider the stock after its steep decline. The company reported stronger than expected second quarter revenue, helping offset concerns surrounding its substantial investment requirements and the high valuation attached to the business.

For investors, the earnings report matters because SpaceX is no longer being judged solely as a famous private space company. As a listed business, its revenue growth, profitability, cash requirements and future investment plans now face much greater scrutiny.

The company operates across space, connectivity and artificial intelligence, with Starlink remaining an important part of its growth story. Investors therefore need to look beyond the launch business and consider whether SpaceX can continue expanding revenue while funding its ambitious long term projects.

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SpaceX IPO Price and Valuation

SpaceX priced its initial public offering at $135 per share, selling 555,555,555 Class A shares. The company confirmed the pricing in its official IPO announcement, with trading beginning under the SPCX ticker on Nasdaq and Nasdaq Texas.

The IPO price represented an enormous valuation for SpaceX and made the offering one of the most significant public listings in US market history.

However, $135 should not automatically be treated as a permanent support level.

An IPO price is primarily the price at which shares were initially offered to investors. It does not mean the company becomes fundamentally undervalued whenever the stock trades below that level. Equally, moving above $135 does not automatically mean SPCX is entering a sustainable bull market.

Investors should instead focus on the company's underlying performance.

What Investors Should Watch

SpaceX's revenue growth is important, but so are capital expenditure and profitability. The company requires significant capital to expand its satellite network, launch infrastructure and other projects.

Starlink is another major factor. Continued subscriber growth and improving economics could strengthen the long term investment case. On the other hand, weaker growth or higher costs could make the stock's valuation harder to justify.

The continuing release of restricted shares is also important. SpaceX's IPO structure includes multiple stages at which additional shares can become available to the public market. This means the supply situation could remain relevant for several months rather than disappearing after the first August unlock.

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Can SPCX Reach $150 or $200?

The next major psychological level for SpaceX stock is $150.

At $138.74, a move to $150 would require a gain of approximately 8%. Interestingly, $150 is also close to the approximate opening level seen when SpaceX began trading publicly, making it another important reference point for traders.

A move to $200 would be much more ambitious. From $138.74, SPCX would need to rise by roughly 44%.

A move towards $150 could become more credible if SPCX continues to hold above $135 and establishes a series of higher lows.

The $200 scenario is different. Reaching that level would probably require more than technical momentum. Investors would want evidence of sustained revenue growth, improving profitability, strong Starlink economics and continued confidence in SpaceX's artificial intelligence and space businesses.

In other words, $200 should be viewed as a potential scenario rather than a reliable price forecast.

SpaceX Stock Prediction

The near term outlook for SPCX remains highly volatile.

The recovery above $135 is encouraging, but investors should avoid interpreting one strong move as confirmation of a long term uptrend. The stock has only recently entered the public market and has already demonstrated how quickly sentiment can change.

There are several signals worth monitoring over the coming weeks.

First, can SPCX remain above $135? Holding this level would make the IPO price potentially more useful as support rather than resistance.

Second, investors should monitor additional insider and early investor selling as more restricted shares become eligible for trading.

Third, future earnings reports will be critical. Strong revenue growth combined with improving profitability could support the bullish case, while rising expenditure without sufficient revenue growth could create renewed pressure.

Finally, traders should watch the $150 area. A convincing move through that level could improve momentum, while repeated rejection could suggest that sellers remain active.

Investors should also distinguish genuine SPCX shares from tokenised products that may use SpaceX branding or a similar ticker. Such products do not necessarily represent the same ownership rights as the listed Class A shares.

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Conclusion

SpaceX stock has delivered an impressive August recovery, reclaiming its $135 IPO price after falling as low as $108.27. 

The rebound has been supported by stronger earnings sentiment, buying interest and the surprisingly resilient reaction to the first major share lock up expiry. 

However, the recovery does not remove the risks surrounding valuation, future share supply and SpaceX's significant capital requirements. 

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FAQ

What is the current SpaceX stock price?

SpaceX stock closed at $138.74 on August 10, 2026, according to the latest reported session.

What was SpaceX's IPO price?

SpaceX priced its IPO at $135 per share. The company began trading publicly under the SPCX ticker in June 2026.

Why did SpaceX stock rebound?

The rebound has been supported by stronger than expected earnings, technical buying and reduced concerns about immediate selling following the first major lock up expiry.

Can SpaceX stock reach $200?

It is possible as a speculative scenario, but SPCX would need to gain approximately 44% from $138.74. A move to $200 would likely require stronger fundamental evidence and a significant re-rating.

Is SpaceX stock still risky?

Yes. SPCX remains a highly volatile newly listed stock. Investors should monitor future earnings, additional share unlocks, Starlink performance, capital expenditure and the stock's ability to remain above $135.

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