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SPCX IPO day: priced at $135, thin allocation, still buzzing

12 June 2026 · David Kelertas

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SpaceX is public. SPCX priced at $135, first trade on 12 June 2026, and the day-one tape ran hot enough to close around $160.95. I applied through the Australian retail path I could actually reach, got a thin allocation, and I am still buzzing like Starman just relaunched inside a brokerage confirmation email.

Full-stack Starship beside the Mechazilla tower at Starbase
Photo: Jenny Hautmann (CC BY-SA 4.0 via Wikimedia Commons) — Starship full stack at Mechazilla

Starlink did not spin out. The constellation stays inside SpaceX, which matches the funding-engine story I have been telling myself since the first sixty satellites. People who wanted a pure connectivity ticker will argue; I wanted the multiplanetary stack under one roof, and that is what listed.

The invest wish from 2021 just got a partial yes. Thin allocation is not a full tank, but it is a seat on the bus I have been chasing since Falcon reuse went good boring. Emotion and competence again — except the competence is legal, banking, and a roadshow, and the emotion is me refreshing fills.

None of this replaces watching the next Starship flight. A ticker is not a heat shield. I bought a slice of the mission; the mission still has to catch Ships, reuse them, refuel on orbit, and aim at the Moon and Mars without turning every attempt into a museum piece.

Near term I will probably buy more if the tape and the thesis still rhyme. Living in the news cycle is the post-IPO tax. Next up: a few more SPCX buys, still fascinated, still watching stainless steel more than the candle chart.

← PreviousHeat shield path and IPO chatter