SPCX debuted at $161 in June 2026 and sits down 5% since IPO, after SpaceX’s landmark booster catch was already confirmed personal.
Mueller recollects SpaceX engineers ‘rolled their eyes’ at Musk’s chopstick catch idea, though they in the end watched it succeed for the first time on October 13, 2024.
SpaceX operates across three segments (launch providers, Starlink with 12 million subscribers, and AI), making SPCX a claim on far more than rockets.
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On the September 21, 2026 episode of Bloomberg’s Odd Lots, former SpaceX engineer Tom Mueller instructed hosts Tracy Alloway and Joe Weisenthal what occurred inside the company when Elon Musk first floated the concept of catching a returning Super Heavy booster with mechanical arms mounted on the launch tower instead of touchdown it on legs. “We all just rolled our eyes like, this is crazy. There’s just no way,” Mueller recalled. His retrospective takeaway is the line value sitting with: Mueller now says, “If it’s possible, it’s solvable, according to SpaceX.”
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The placing half is that the engineers most certified to choose feasibility dismissed the idea on intuition, and the intuition was fallacious.
What the Chopsticks Have Actually Caught
Most protection blurs an important distinction, so it is value being exact. The catches demonstrated so far are of the Super Heavy booster, the decrease stage, not the Starship higher stage.
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The first one landed on October 13, 2024, when FOX Weather reported SpaceX catching the Starship booster in Mechazilla arms in a historic first. Phys.org described it as a first for the megarocket booster. The New York Times coated the same day as SpaceX advancing the Starship program with a launch and a catch in 2024, per The New York Times. collectSPACE famous it came on the fifth Starship take a look at flight.
It was repeated on January 17, 2025, when Stars and Stripes reported that SpaceX caught the booster again but lost the Starship higher stage during the take a look at flight. The South China Morning Post reported that SpaceX repeats the chopsticks catch while Starship exploded. Space.com reported on March 6, 2025 that SpaceX lost the Starship stage again but caught the Super Heavy booster during the Flight 8 launch. Those are the catches we can doc from reporting. We have not established a full rely of every catch since.
The tougher model, catching the Starship higher stage itself, is a separate purpose. Teslarati reported on July 25, 2026 that SpaceX wished to catch Starship for launch 14, per Musk. Tesla Oracle reported on July 30, 2026 that the attempt was on deck and that the previous flight’s Ship 40 had landed exactly.
Why Public Investors Missed the Milestone
A natural query for a retail investor is what SpaceX shares have achieved since the approach was launched. That reply is itself instructive. SpaceX (NASDAQ:SPCX) only started trading on NASDAQ following its June 2026 IPO. Our price historical past for the stock begins on June 12, 2026 at $160.95. The first chopsticks catch occurred in October 2024, according to The New York Times. Public shareholders never got to price that milestone. The engineering breakthrough belonged fully to personal buyers, and the public market confirmed up after the arduous half was already confirmed. Details on the company’s working segments and post-IPO financials are in its August 4, 2026 8-Okay submitting.
Where the Stock and the Company Sit Now
SPCX traded at $153.61 as of 11:03 AM Eastern on September 22, 2026, up 1.16% in the session, on a roughly fifteen minute delay. Since its market debut the stock is down 4.56%, which is its total trading historical past. It is up 12.15% over one month and up 3.69% over one week. Market capitalization stands at $1,182,227,721,340.
SPCX Price Target — 24/7 Wall St.
Readers who still image a pure rocket company should replace the mental model. SpaceX operates in three segments. Space covers launch providers including the Falcon and Starship vehicle households and spacecraft development. Connectivity covers Starlink, the world’s largest satellite tv for pc broadband constellation, serving over 12 million subscribers, plus Starshield for authorities prospects. AI covers cloud compute infrastructure, model development including the Grok household, and the X social media platform. A share of SPCX is a claim on all three.
On the same podcast, Joe Weisenthal raised whether tariffs meant to enhance American industrial manufacturing might raise prices on imported elements home producers still rely on, noting such insurance policies can cut in both instructions. He posed it as a query, and it applies to any {hardware} company sourcing globally.
The purpose Mueller’s line lands is the credential of the people who got the call fallacious. If it’s attainable, it’s solvable.
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