How to buy SpaceX stock (SPCX)
The short answer changed this year. SpaceX listed on the Nasdaq on June 12, 2026 under the ticker SPCX, so any US broker can now sell you the shares during market hours. What a broker cannot do is let you trade it on a Saturday or a Sunday. That is where the SPCX market on Hyperliquid comes in, and Based is the self-custody wallet you trade it from.
From private company to the Nasdaq-100
For most of its history SpaceX shares sat with employees, insiders and a small circle of funds, and the public could only get at them through workarounds like listed funds and accredited-investor platforms. That ended in June 2026. SpaceX priced its IPO at $135 a share on June 11, selling about 555.6 million shares to raise roughly $75 billion, the largest IPO on record. The stock opened at $150 the next day and closed its first session around $161.
Less than four weeks later, on July 7, 2026, SpaceX joined the Nasdaq-100 under a fast-entry rule Nasdaq adopted for very large new listings, which pulled index fund money into the stock. It reported its first quarterly results as a public company on August 4, 2026.
How the SPCX market on Hyperliquid works
SPCX on Hyperliquid is a perpetual future deployed by trade.xyz under Hyperliquid's HIP-3 framework, which lets builders run their own markets on the same engine. It opened on May 18, 2026, almost four weeks before the IPO, as a pre-IPO contract. With no listed share to track, its reference price came from its own order book, smoothed over time, and it followed the expected price of one SpaceX Class A share rather than the company's valuation.
Once SpaceX began trading on the Nasdaq, the market switched to external pricing based on the listed stock, and open positions carried over without a restart. Today it behaves like the other stock markets on Hyperliquid: quoted in USD, open 24/7, with funding paid between longs and shorts to keep the perp close to that reference price. Hyperliquid's live market data currently allows up to 20x leverage on SPCX, and that limit can change. Outside Nasdaq hours there is no live share price, so the reference starts from the last Nasdaq price and adjusts gradually with trading on the perp's own order book until the exchange reopens.
You access it with no brokerage account, no bank account, just a self-custodial wallet funded with USDC. You are trading a derivative: price exposure, long or short, with liquidation risk and funding fees. You do not own SpaceX equity and you hold no shareholder rights. Based is not a broker.
SpaceX (SPCX)
$137.41+0.6%24h
Mark price at , refreshed hourly. Live price in the app.
Nasdaq · United States · quoted in USD
What to watch
The first is supply. Instead of one lock-up expiry, SpaceX insiders are released to sell in stages, starting on August 6, 2026. Each release can add shares to the market, and a new listing this large can move sharply when that happens.
The second is the next quarterly report. SpaceX now reports like any other public company, and results land after the US close, when a broker can only queue orders for the next morning and the perp keeps trading.
The risks are the ones any fresh listing carries, with leverage on top. The stock has only a few months of public trading history, and at up to 20x leverage a small move against you can liquidate a position. Size accordingly.
Markets that are still hard to reach
SpaceX is no longer hard to reach, but plenty of markets still are. SK Hynix trades in Seoul and most US brokers cannot touch it. The memory sector it anchors, covered on our memory stocks hub, moves around the clock in a way exchange hours never matched. Micron and SanDisk both trade here 24/7 as well.
The bull and bear case for SpaceX
Bull case
- Launches most of the world's rockets and runs the Starlink satellite network.
- Wholly owns xAI, an AI company developing frontier models.
- Now reports like any other public company, which gives investors regular numbers to price.
Bear case
- Insiders are released to sell in stages from August 6, 2026, and each release can add supply.
- Only a few months of public trading history.
- A newly listed stock this large can move sharply around unlocks and earnings.
Facts as of September 2026. For information only, not financial advice. Both cases describe the underlying company; on Based you trade a perpetual future that tracks its price, with liquidation risk and funding fees.
Frequently asked questions
- Can I buy SpaceX stock now?
- Yes. SpaceX listed on the Nasdaq under the ticker SPCX on June 12, 2026, so any US broker can sell you the shares during market hours. Through Based you can also trade the SPCX market on Hyperliquid, which runs 24/7 from a self-custodial wallet with no brokerage account and no bank account. That market is a perpetual future tracking the SPCX price, not the share itself.
- Is SpaceX publicly traded?
- Yes, since June 12, 2026. SpaceX priced its IPO at $135 a share on June 11, selling about 555.6 million shares to raise roughly $75 billion, the largest IPO on record. It trades on the Nasdaq as SPCX and joined the Nasdaq-100 on July 7, 2026 under the index's fast-entry rule for large new listings.
- What is the SPCX market on Based?
- SPCX on Based is a perpetual futures market on Hyperliquid, deployed by trade.xyz, that tracks the SpaceX share price, quoted in USD and open 24/7. It is not SpaceX equity: no dividends, no voting rights, and like any perp it carries liquidation risk and funding fees. Based is the self-custody wallet you trade it from, not a broker.
- What happened to the pre-IPO SPCX market when SpaceX listed?
- It kept trading. The market opened on May 18, 2026 as a pre-IPO contract whose price came from its own order book, because there was no listed share to track. Once SpaceX began trading on the Nasdaq, the market switched to external pricing based on the listed stock, and open positions carried over. It now works like the other stock markets on Hyperliquid.
Start in three steps
- Step 1
Log in
Log in with your email or Google account. Based supports social logins for convenience, provided by Privy, a Stripe company. Wallets are self-custodial: only you have access to your funds. Neither Based nor Privy can access your wallet or account.
- Step 2
Fund it
Deposit USDC. You do not need a bank account to do it.
- Step 3
Trade 24/7
Stock and crypto perps. Nights, weekends, holidays.
Based is a self-custody wallet, not a broker. Markets are perpetual futures on Hyperliquid: derivatives with liquidation risk and funding fees, not the underlying stocks or coins. For information only, not financial advice.