SpaceX went public on June 12, 2026 — the largest IPO in history — and trades on Nasdaq as SPCX. This guide covers both ways to trade it: buying shares through a brokerage, and trading the xyz:SPCX perpetual on Hyperliquid, which follows the price around the clock from a self-custody wallet.
For years, “how to buy SpaceX stock” had a frustrating answer: you couldn’t. That ended on June 12, 2026, when SpaceX listed on Nasdaq under the ticker SPCX in the largest IPO ever priced — a valuation around $1.77 trillion, raising roughly $75 billion (Wikipedia — Initial public offering of SpaceX).
The debut matched the anticipation. Priced at $135, the stock opened at $150, finished its first session near $161, and climbed another 20% in its first full trading day, putting SpaceX among the most valuable listed companies in the world (CNBC — SpaceX stock jumps 20% in first full day of trading after record debut).
Now that SPCX exists, you have a genuine choice, and the right one depends on what you are trying to do.
Real equity: you own a piece of the company, with whatever rights that carries. Requires a brokerage account and KYC, trades during US market hours, and shorting needs a margin account. The right tool for long-term ownership.
Price exposure: a contract that follows the SPCX price via an oracle, tradable 24/7 from a self-custody wallet. Long or short, leverage available, no account or KYC. The right tool for trading the price — especially outside market hours.
The reason the second path exists at all: SpaceX news doesn’t keep market hours. Launches happen at night. Starlink numbers and Musk posts land on weekends. Share traders wait for the open; the perpetual reprices immediately. See the live SPCX market page for the streaming price and 24-hour chart.
The SPCX perpetual lives on Hyperliquid’s xyz equities dex, deployed under the HIP-3 framework (Hyperliquid Docs — HIP-3 (builder-deployed perpetuals)). Dexly is a non-custodial interface for trading it:
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Worth stating plainly, because this line matters more than any feature: the perpetual tracks the price of SPCX. It is not a share. No dividends, no voting rights, no claim on SpaceX the company. Your entire result comes from where the price goes after you open the position — in either direction.
Perpetuals are leveraged instruments. A leveraged SPCX position that moves far enough against you gets liquidated, and the margin behind it is lost — newly-listed stocks with heavy retail attention can move violently in both directions. Funding payments also accrue while positions stay open. Size accordingly, use stops, and treat leverage as a tool rather than a default.
The takeaway: SpaceX finally has a ticker, and you have two ways to trade it. Equity through a brokerage if you want ownership; the xyz:SPCX perpetual if you want the price, around the clock, from your own wallet. The rest of the equity-style markets on Hyperliquid are on the US stocks page.
Educational content only — not investment, legal, tax or financial advice, and not a solicitation to buy any security or derivative. Dexly is not affiliated with SpaceX. Trading perpetuals involves leverage, liquidation and total-loss risk; availability depends on your jurisdiction. IPO facts verified 2026-07-15.
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Avertissement sur les risques : Le trading de contrats à terme perpétuels comporte un risque significatif de perte. Ne tradez qu'avec un capital que vous pouvez vous permettre de perdre. Dexly est une interface non-custodiale ; vous êtes responsable de vos fonds et de vos décisions de trading.
Tradez sur Hyperliquid avec Dexly
