XSPC
The retail crowd has entered the chat
SpaceX, trading under SPCX, is getting the kind of attention that usually comes with a TikTok trend or a meme-stock frenzy. According to The Kobeissi Letter and Vanda Research data, retail investors snapped up more than $93 million of SPCX in a single day, accounting for about 73% of all retail single-stock buys.
That’s not normal “quietly accumulating a position” behavior. That’s more like throwing confetti at a rocket and hoping it doesn’t re-enter the atmosphere.
The warning label
Charlie Bilello of Creative Planning said the rally is starting to rhyme with the 2021 era of meme stocks, SPACs, and ARKK mania. Meanwhile, CFRA’s Keith Snyder initiated coverage with a Sell rating and a $115 price target, which implies roughly 46% downside from where the stock was quoted in the article.
That matters because when a stock gets this crowded, two things can happen fast:
- momentum traders keep chasing it higher,
- or gravity shows up with a hard hat.
Why investors should care
This isn’t just a SpaceX story. It’s a reminder that in 2026, retail can still turn a company into a social-media carnival in a hurry. The stock was up 2.06% to $205.95 in after-hours trading Tuesday, and the debate now is whether this is the start of a durable rerating or just another round of FOMO with a better logo.
Big picture: when a private-space company starts acting like a meme stock, you don’t just get price action — you get a live experiment in how much hype Wall Street can tolerate before it calls timeout.