SpaceX stock trading guide: How to trade SPCX share CFD

Find out all you need to know about SPCX trading, its revenue streams and more in this comprehensive article.

What you'll learn

• What SpaceX shares are
• SpaceX revenue streams explained
• Musk's effect on SpaceX and other companies
• What happened after the IPO? Comparing SPCX to major listings
• Advantages of trading SPCX
• Risks of trading SPCX
• Trading SPCX with CFDs on Plus500
• Different ways to trade SPCX
• How to trade SPCX CFDs on Plus500

Overview of SpaceX and SPCX shares

SpaceX, formally Space Exploration Technologies Corp., was founded in 2002 by Elon Musk and remained private for more than two decades before filing for an initial public offering (IPO) in 2026.

According to its S-1 filing, SpaceX will be listed to trade on Nasdaq under the ticker symbol SPCX.

The IPO attracted global attention because SpaceX combines several high-growth sectors in one company, including launch services, satellite communications, defence technology, and artificial intelligence infrastructure.

SpaceX reported approximately $18.7 billion in revenue during 2025 following the integration of xAI.

Unlike most IPO candidates, SpaceX spent roughly 24 years operating as a private company. Elon Musk is also expected to retain significant voting control following the IPO.

SpaceX revenue streams explained

Starlink

Starlink is widely viewed as the most important growth driver within the SpaceX ecosystem.

According to SpaceX IPO disclosures, Starlink generated approximately $11.4 billion in revenue during 2025.

The satellite internet network reportedly surpassed 10 million customers globally across more than 160 countries and territories.

For investors seeking a future Starlink IPO, the SpaceX listing may provide public-market exposure to Starlink's growth without requiring a separate listing.

Falcon 9 and launch services

Launch services remain a critical part of the SpaceX business model.

The company serves commercial customers, governments, defence agencies, and internal Starlink deployment needs. Falcon 9's reusable rocket model has helped lower launch costs and increase launch frequency compared with traditional aerospace competitors.

Starship

Starship remains one of SpaceX's most ambitious projects.

The programme is linked to NASA's Artemis lunar missions and Musk's long-term plans for Mars transportation. Although Starship offers enormous future potential, it remains a development-stage programme with significant execution risk.

Government and defence contracts

Government agencies remain major customers for SpaceX.

In 2026, the U.S. Space Force awarded SpaceX a contract worth approximately $2.29 billion related to military satellite infrastructure.

NASA and Department of Defence contracts continue to represent an important part of the company's revenue base.

AI and xAI

In 2026, SpaceX integrated Elon Musk's AI company xAI.

The transaction reportedly valued SpaceX at approximately $1 trillion and xAI at approximately $250 billion at the time of the merger.

The integration expanded the SpaceX narrative beyond aerospace into artificial intelligence infrastructure and large-scale computing.

The Musk factor: Tesla, X, xAI and SpaceX

Elon Musk remains one of the most influential figures in global markets.

According to SpaceX IPO disclosures, Musk controls approximately 85% of the company's voting power through its share structure.

This means SPCX could experience trading patterns similar to other Musk-linked companies, particularly Tesla.

Traders should expect SpaceX shares to react not only to launches and earnings reports, but also to:

• Tesla developments
• xAI announcements
• X (formerly Twitter) headlines
• Regulatory disputes
• Political commentary
• Government contract decisions

While founder-led companies can benefit from strong leadership continuity, concentrated control may also create governance concerns for institutional investors.

What happens after an IPO? Comparing SPCX to major listings

While past performance does not predict future results, traders may be interested to note that large IPOs have experienced significant volatility after listing.

Examples include:

• Tesla (2010): grew from a relatively small IPO ($17 per share) into a company worth hundreds of billions of dollars
• Meta (2012): fell sharply from $38 per share after listing before recovering over the following years
• Airbnb (2020): surged immediately to $146 per share after its IPO
• Uber (2019): traded below its IPO price of $45 per share shortly after listing
• Saudi Aramco (2019): completed the largest IPO in history, raising $25.6 billion, but delivered a different growth profile

SpaceX entered public markets with a valuation reported between approximately $1.75 trillion and $2 trillion.

As with many high-profile IPOs, volatility may remain elevated during the first months of trading due to lock-up periods, analyst initiations, earnings reports, and retail trading activity. (Source: Business Insider)

Advantages of trading SPCX

Some traders may find SPCX attractive because it offers:

• Exposure to aerospace, satellites, AI, and defence in one stock
• One of the most widely discussed IPOs in market history
• Strong retail investor interest
• Significant news-driven momentum potential
• Starlink's recurring revenue model
• Long-term growth opportunities tied to the broader space economy
• Potential AI-related valuation upside through xAI integration

Risks of trading SPCX

Key risks include:

• High valuation expectations
• Significant capital expenditure requirements
• Launch failure risk
• Regulatory exposure
• Musk key-person risk
• Governance concerns
• Lock-up expiry selling pressure
• Potentially elevated volatility following the IPO

SpaceX reported approximately $4.9 billion in losses during 2025 despite strong revenue growth.

Trading SPCX with CFDs on Plus500

CFDs (Contracts for Difference) allow traders to speculate on price movements without owning the underlying shares.

Instead of buying physical SpaceX stock, CFD traders gain exposure to SpaceX stock price movements.

Key CFD features may include:

• Long positions if traders expect prices to rise
• Short positions if traders expect prices to fall
• Leverage
• Stop-loss and take-profit tools
• Overnight funding charges
• Potential access to weekly options-style trading products, where available

Leverage increases both potential profits and potential losses.

Different ways to trade SPCX

Fundamental trading

Traders may focus on:

• Revenue growth
• Starlink subscriber trends
• Earnings reports
• Government contracts
• Cash flow and profitability

Technical trading

Technical traders may analyse:

• Support and resistance levels
• Trading volume
• Trend indicators
• IPO opening ranges
• Volatility patterns

News trading

Major catalysts may include:

• Starship launch tests
• Starlink updates
• Earnings announcements
• FAA approvals
• NASA contracts
• Defence contracts
• Musk-related headlines
• AI infrastructure developments

How to trade SPCX CFDs on Plus500

1. Open a Plus500 account.
2. Search for SPCX once available.
3. Review margin requirements and trading conditions.
4. Decide whether to buy or sell.
5. Choose your position size.
6. Apply risk management tools.
7. Monitor relevant market news.
8. Track earnings releases and company updates.
9. Adjust positions if market conditions change.
10. Close the trade according to your trading plan.

Key takeaways:

• SpaceX entered public markets after more than two decades as a private company.
• Starlink is currently the company's largest revenue generator.
• Elon Musk remains a major influence on investor sentiment and corporate governance.
• SPCX combines exposure to aerospace, satellite communications, defence, and AI infrastructure.
• High volatility may create opportunities for both long and short CFD traders.
• Traders should carefully manage risk due to leverage, valuation uncertainty, and news-driven market moves.

*Past performance does not guarantee future results. The above is for marketing and general informational purposes only, and are only projections and should not be taken as investment research, investment advice or a personal recommendation.