SpaceX (Nasdaq: SPCX) made its public-market debut on June 12, 2026, after pricing shares at $135 in what became the largest initial public offering in history. Shares surged as high as $225.
SpaceX (Nasdaq: SPCX) made its public-market debut on June 12, 2026, after pricing shares at $135 in what became the largest initial public offering in history.
Shares surged as high as $225.64 during their first session before closing at $184.
Less than two months later, Elon Musk’s space company delivered its first quarterly results as a public company. SpaceX reported Q2 revenue of $7.81 billion on Aug. 4, up 92% from a year earlier, while its net loss narrowed to $541 million from about $1 billion. Adjusted EBITDA jumped 191% to $3.5 billion.
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The earnings call largely focused on Starlink, Starship and SpaceX’s expanding artificial intelligence business, with management pointing to $47.5 billion in backlog and $100 billion in cash, cash equivalents and marketable securities.
However, the public investor Q&A accompanying SpaceX’s first earnings cycle attracted another audience entirely: memecoin enthusiasts.
SpaceX allowed investors to submit and upvote questions for management, but the page was quickly flooded with submissions promoting “Baby Asteroid” and “Asteroid Shiba,” memecoins attempting to associate themselves with SpaceX’s Asteroid mascot.
Memecoins are cryptocurrencies inspired by internet memes, jokes or cultural trends, often driven largely by online communities and speculation rather than utility.
One of the most popular submissions, receiving about 1,100 upvotes, said: “Baby Asteroid is already making a difference through charity around the world,” before asking whether SpaceX could expand its role.
This story was first reported by Business Insider.
Another, with 338 votes, described Asteroid as SpaceX’s “official mascot” and asked about its future.
Other submissions were less subtle. One asked Musk when he would announce that “Asteroid Shiba is the Mascot of Space X” and urged him to support the Ethereum-based memecoin.
The flood eventually prompted another participant to ask: “Can we get downvotes on this Q&A. We got crypto bros pumping up asteroid mascot coin in the questions instead of real investor questions.”
SpaceX already has unusually strong ties to crypto for an aerospace company.
It holds 18,712 Bitcoin (BTC), worth about $1.1 billion, making it the 8th largest corporate Bitcoin holder as per data by Bitcoin Treasuries.
The company did not sell any Bitcoin during the quarter, despite the value of its holdings falling by about $539 million during the first half of 2026.
At the time of writing, SpaceX shares traded at $133.19, up 0.06% on the day but still about 11.3% below their all-time high.
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