SpaceX stock price, and the perpetual that trades alongside it

Signals, right now

What happened, and when

SpaceX was privately held for its whole life until 12 June 2026, when it listed on Nasdaq under SPCX at an offer price of $135. The stock closed its first day near $161, about nineteen percent up, at a market capitalisation in the region of two trillion dollars. Anything written before that date describing SpaceX as impossible to buy was correct when written and is not any more, which is worth knowing because a great deal of it is still online.

This price is a perpetual, not the Nasdaq last trade

A perpetual future is a contract that follows a price without expiring, settled in cash and held on margin. Holding one gives you exposure to the share price and none of the things a share is: no ownership, no vote, no dividend, and no claim on the company. It also trades when Nasdaq is shut, which is the main reason the two numbers can differ at any given moment. For the official price, go to the exchange or a broker; this page is about what the derivative is doing.

The market here is older than the shares

Pacifica listed its SPCX market on 20 May 2026, three weeks before the IPO. So for its first weeks the contract was pricing a company whose shares nobody could yet buy, with no listed price to anchor to and no way to arbitrage the two together. That period is worth remembering when reading any history of this market: the same ticker means something materially different before and after 12 June.

Funding is what keeps it near the share price

There is no expiry to force convergence, so a perpetual relies on funding: a payment between the two sides at each interval that costs you money to hold the popular side. When the contract drifts above the share price, longs pay, and the trade of selling the contract against the stock becomes attractive. That mechanism is why the figures above usually sit close to the Nasdaq quote, and the funding number beside the price is the current cost of that pull.

What we cannot verify, stated plainly

Pacifica publishes the symbol, the instrument type, a maximum leverage of ten and a tick size of a cent. It does not publish, anywhere we can read programmatically, how the reference price for this symbol is derived, so we can tell you what the market is quoting and not precisely what it quotes against. Read the venue's own terms before trading it rather than trusting a figure on a page like this one, including this one.