SpaceX (Space Exploration Technologies Corp.) is the private aerospace company founded by Elon Musk in 2002. On 12 June 2026, SpaceX listed on Nasdaq under the ticker SPCX in the largest IPO in US history, raising $75 billion at $135 per share and closing its first day at $160.95 — up 19% — with a market cap of approximately $2.1 trillion. SpaceX’s Starlink satellite internet division generated $11.4 billion in revenue in FY2025, serving 10.3 million subscribers globally. The company also acquired xAI in February 2026 and is developing orbital AI infrastructure. On BitMEX, SPCXUSDT is a perpetual swap contract that tracks SpaceX’s share price against USDT, enabling traders to go long or short with up to 5x leverage without holding the underlying stock.

The BitMEX SpaceX Price Prediction tool helps you explore possible price paths for SPCXUSDT based on your own predictions. You simply enter an annual growth rate, and the tool generates a forecast that reflects your input. This gives you a clearer view of how different scenarios might play out.

Please note: The projected prices are based entirely on user input and do not represent BitMEX’s views.

Near-term forecasts for SPCXUSDT through 2027 are shaped by post-IPO dynamics and institutional buying flows. SPCX closed its first trading day at $160.95 — up 19% from its $135 IPO price — giving SpaceX a market cap of roughly $2.1 trillion. Near-term tailwinds include potential Nasdaq-100 fast-track inclusion, which would trigger forced buying from passive funds. Bull-case targets of $200+ are built on continued Starlink subscriber growth and Starship commercial milestones. Bears flag GAAP losses and a $2.5 billion quarterly AI burn rate as key headwinds. Signals to watch include quarterly subscriber additions, Starship launch frequency, and updates on profitability timelines.

Looking ahead to 2030, SPCXUSDT’s price depends on whether Starlink can scale beyond 50 million subscribers and whether SpaceX’s orbital AI infrastructure plans prove commercially viable. ARK Invest’s bull case models SpaceX reaching $3–4 trillion in market cap by 2030, implying meaningful upside from today’s price. Morningstar, by contrast, pegged SpaceX’s fair value at approximately $780 billion ahead of the IPO — well below the current market cap. S&P 500 inclusion, requiring GAAP profitability, could act as a major re-rating catalyst. The wide spread of analyst forecasts reflects genuine uncertainty about the AI pivot and competition from Amazon’s Kuiper constellation.

Over a 10-year horizon, SpaceX management has outlined a $28.5 trillion total addressable market, with 93% attributed to AI-adjacent opportunities including orbital data centres and space-based computing. If Starship delivers true reusable economics and orbital infrastructure proves viable, the long-term investment case would be transformational. However, critics note that the current $2.1 trillion valuation may already price in earnings that will not materialise until 2032 or later. By 2035–2040, the critical variables are GAAP profitability, Starship’s commercial launch record, and how the regulatory environment for commercial space evolves.

SpaceX is among the most polarising IPOs of the decade. The bull case rests on Starlink’s subscriber moat, reusable rocket economics, and a credible AI infrastructure pivot through xAI. Potential Nasdaq-100 fast-track inclusion could also drive near-term demand from passive funds.

At the same time, the bear case points to a $4.94 billion net loss in 2024 and a $2.1 trillion valuation that exceeds Meta — on a business yet to achieve GAAP profitability. Governance concerns are also real: the dual-class share structure limits investor voting rights, and the IPO includes mandatory class-action waivers unusual for a US-listed company. As always, do your own research before trading.

The price of SPCXUSDT is influenced by several key factors:

1. Starlink subscriber growth and average revenue per user (ARPU) are the primary revenue driver for SpaceX today, making quarterly subscriber data the most-watched metric.
2. Starship launch cadence and commercial viability, including government contracts with NASA and the US Department of Defense, drive long-term revenue expectations.
3. S&P 500 inclusion eligibility requires GAAP profitability and could unlock significant passive fund demand if achieved.
4. xAI integration and orbital data centre progress determine whether SpaceX’s AI thesis translates into real revenue.
5. Competitive dynamics from Amazon’s Kuiper constellation, OneWeb, and traditional telecoms affect Starlink’s long-term market share.

You can buy or sell SpaceX (SPCXUSDT) on BitMEX in a few simple steps:

1. Register for free and verify your BitMEX account.
2. Fund your account using your preferred deposit method.
3. Place your SpaceX (SPCXUSDT) trade.