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Jun 16, 2026 4:00 PM

'No One Is Buying SPCX On Fundamentals': Reddit's Playbook For The SpaceX Stock Mania

Space Exploration Technologies Corp. (NASDAQ:SPCX) debuted in the stock market last Friday and in two trading days, it added roughly $800 billion in market cap. Retail traders were a major force behind it, flooding options desks and lighting up message boards within minutes of the open.

SPCX stock is up. See the chart and price action here. 

‘Your Mistake Is Trying To Understand SPCX’

Retail investors are sharing their views, SpaceX predictions and investment strategies on Reddit Inc. (NYSE:RDDT). 

“Your mistake is trying to understand SPCX,” one user wrote in a thread that has since become a minor manifesto for how retail traders are approaching the stock. “Just like people trying to understand Tesla lol,” another user responded. 

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