SpaceX Share Price in Australia: What Investors Need to Know After the Nasdaq Debut
SpaceX made its highly anticipated debut on the Nasdaq on 12 June 2026, under the ticker SPCX, priced at US$135 per share. The stock closed its first day around US$161, marking a notable 19% gain. For Australian investors, this event has opened new opportunities to gain exposure to one of the most talked-about private companies in the space industry. However, the excitement comes with caution, as SpaceX’s lavish spending on artificial intelligence (AI) has unnerved some investors, raising questions about the sustainability of its growth and the economics of its core business, Starlink.nnBeyond direct share purchases, Australian investors can explore alternative ways to trade SPCX, such as leveraged ETFs (2x long and 2x short) and US options. These instruments carry additional risks and may not be suitable for all investors. For those entering the secondary market, it is crucial to use limit orders and size positions carefully, as newly listed stocks can move quickly. Additionally, holding SPCX in a self-managed super fund (SMSF) may be possible if the fund’s investment strategy permits US shares, but independent financial and tax advice is strongly recommended before proceeding.nnAnalysts have been quick to weigh in on SpaceX’s prospects. Macquarie, for instance, maintains an ‘Outperform’ rating with a price target of US$250, reflecting confidence in the company’s long-term potential. However, the market cap, as of 31 July 2026, stands at 1.60% of some benchmark, indicating that the stock’s valuation is a point of debate. Investors are closely watching whether SpaceX can maintain its growth trajectory while improving the economics of its network, especially as it spends heavily to expand coverage. The company has raised over US$3 billion since its founding in 2002, with Starlink remaining the primary profitable business unit.nnLooking ahead, the IPO is just the starting point. Key events and milestones, such as future earnings reports and updates on Starlink’s expansion, will be critical in shaping the stock’s performance. For Australian investors, staying informed about these developments is essential. While the first-day pop was impressive, the real test lies in SpaceX’s ability to deliver sustainable growth and profitability in the long run. As
Shimanta Das 
