SPCX Near $135 IPO Price as Cramer Flags Unlock Risk

This update is a roundup of same-day reporting from the linked sources below, with editorial context from the CPJ Stock Desk.

SpaceX (NASDAQ: SPCX) was trading just above its $135 IPO price in Monday premarket, while commentary focused on future share supply and the company’s spectrum purchase. Sources today are thin on hard company news, and several are secondary or aggregator posts.

Key points

SPCX rose 0.99% in premarket to $135.60, after an 8.62% rebound on Friday to $134.27, per Coinpedia.
CNBC’s Jim Cramer said he wants to own the stock but is waiting, expecting more shares to reach the market.
A report on SpaceX’s purchase of an $8bn spectrum licence portfolio raises the question of whether it threatens FTSE 100 telecom names, per The Twelfth Magpie.
M Holdings Securities disclosed a new stake of 16,514 shares, valued at about $2.39 million, per Ticker Report.

Where is the stock relative to its IPO price?

The Coinpedia piece puts the premarket price at $135.60, roughly in line with the $135 IPO price from June. That follows Friday’s 8.62% rebound to $134.27. The rebound implies a prior drop below that level, but the source excerpt does not give the earlier price, so the size of the decline is not established here. Premarket moves can reverse once regular trading opens, and this one is under 1%.

Cramer’s comment is about supply. The excerpt says he expects more shares to hit the market and holds off for that reason, which is a reference to an unlock of previously restricted shares. The excerpt cuts off before his estimate of the current float, so we cannot report the figure or the timing of any unlock. Treat it as one commentator’s view, not a confirmed schedule.

What does the spectrum deal mean for telecoms?

Two sources touch on SpaceX’s push into mobile services. The Twelfth Magpie describes SpaceX’s decision to buy an $8bn portfolio of spectrum licences and asks whether UK-listed telecom heavyweights could be at risk. The piece is framed as a question, and the available summary offers no evidence of a direct move on those companies.

Coinpedia says SpaceX’s mobile plans are raising concerns among Verizon, AT&T and T-Mobile. Via Starlink, the company aims to connect ordinary smartphones directly to satellites, potentially reducing reliance on cell towers. The report says major carriers reportedly rejected network access requests, after which Musk turned to EchoStar and Boost. The summary is truncated, so deal terms beyond the $8bn figure are not confirmed in these sources. Both items are opinion-leaning or secondhand, and readers should look for primary filings before drawing conclusions about competitive impact.

Who is buying the stock?

Ticker Report and WatchlistNews both report that M Holdings Securities Inc. opened a position in the third quarter, buying 16,514 shares worth about $2,391,000, based on its SEC disclosure. That works out to roughly $144.80 per share, a figure we calculated from the reported numbers, which would sit above today’s premarket price. The stake is small and says little about broader institutional demand. Both articles mention other institutions adjusting positions, but the excerpts give no details.

Other items

A Madshrimps consumer piece argues Starlink has a distinct advantage over cable and fiber depending on use case. The summary does not name the perk, so there is nothing to add for investors. Separately, Fast Company notes that the California Science Center’s new Oschin Air and Space Center, opening November 13, will display an authentic SpaceX Dragon cargo capsule. It is a museum item and not a financial development.

This site is independent and not affiliated with SpaceX. Nothing here is investment advice.