Deep Dive: Is SpaceX IPO Worth Investing at $135 Per Share?
- Core View: SpaceX plans to list on the Nasdaq on June 12, 2026, at a fixed price of $135 per share, aiming to raise $75 billion in what would be the largest IPO in history. It will reserve 30% of shares for retail investors, but investors must be cautious of its dual-class share structure and loss-making financial status.
- Key Elements:
- SpaceX is scheduled to list on the Nasdaq on June 12, 2026, under the ticker SPCX. The final pricing will be announced on June 11, with a fixed offering price of $135 per share.
- The company plans to issue 555.55 million Class A shares, targeting $75 billion in fundraising. If successful, it would far surpass Saudi Aramco's record of $29.4 billion, implying a valuation of approximately $1.75 trillion.
- Up to 30% of IPO shares are reserved for retail investors, who can apply through platforms such as Fidelity, Robinhood, and Schwab. Robinhood has no minimum balance requirement.
- Elon Musk controls approximately 82.4% of voting rights through his holding of Class B shares (10 votes per share), allowing him to dominate company strategy even after the IPO, posing a significant governance risk.
- SpaceX reported revenues of $18.67 billion in 2025, but a net loss of $4.94 billion (compared to a profit of $791 million in 2024). The loss is primarily due to AI-related expenses from the merger with xAI.
- MEXC has listed the SPACEX(PRE) token, which tracks SpaceX's valuation but is not a real stock. Holders do not have voting or dividend rights and must complete advanced KYC certification.
SpaceX is just days away from what is expected to be the most significant IPO the market has seen in recent years.
The rocket and satellite company, founded by Elon Musk in 2002, has long operated as a private enterprise, leaving ordinary investors unable to hold its shares.
That will change on June 12, when SPCX lists on the Nasdaq with a fixed offering price of $135 per share.
Currently, every investor is focused on three key questions: the listing date, the pricing, and how to participate.
Key Highlights
- SpaceX plans to debut on the Nasdaq under the ticker SPCX on June 12, 2026, with the final IPO price set to be announced after market close on June 11.
- The company announced a single fixed price of $135 per share before the roadshow began, a departure from the standard practice of first releasing a preliminary price range.
- Based on $135 per share and 555,555,555 Class A shares, SpaceX aims to raise $75 billion. If successful, it would surpass Saudi Aramco's $29.4 billion record to become the largest IPO in history.
- SpaceX's implied valuation is approximately $1.75 trillion, positioning it among the top ten most valuable publicly traded companies in the U.S. from its first trading day.
- Up to 30% of the shares offered are reserved for retail investors, who can apply through Fidelity, Charles Schwab, Robinhood, SoFi, and E*TRADE before the listing.
- MEXC has listed SPACEX(PRE), a Mirror Credits token that tracks SpaceX's valuation, available for 24/7 spot trading ahead of the Nasdaq listing.
SpaceX IPO Date: When Will SpaceX Go Public?
SpaceX IPO Timeline: S-1 Filing, Roadshow, and Listing Day on June 12
SpaceX's public listing marks a new chapter for one of the world's most prominent private companies, which has operated for 24 years.
Plans for a SpaceX IPO have garnered significant market attention since early 2026, with reports in February and March confirming the company was working with investment banks towards a mid-year listing.
The official starting point for the SpaceX IPO was April 1, 2026, when the company submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC).
Confidential filing allows regulators to review financial documents before any public disclosure by the company, a standard procedure for high-profile listings.
SpaceX then made its full S-1 prospectus public on May 20, 2026, complying with the SEC requirement that the registration statement be made public at least 15 days before the roadshow begins.
The investor roadshow commenced on June 4, 2026, ahead of the originally scheduled week of June 8, due to the SEC's review progressing faster than anticipated.
Final pricing is tentatively scheduled for announcement after the market close on June 11, 2026.
The target date for SPCX shares to begin trading on the Nasdaq is June 12, 2026.
Elon Musk's SpaceX IPO Plan: An Unprecedented $75 Billion Fundraising Strategy
Most IPOs first announce a preliminary price range, then adjust it up or down based on investor feedback during the roadshow before final pricing.
SpaceX has adopted an approach that is almost unprecedented for an offering of this size.
The company announced a single fixed price of $135 per share before the roadshow even began, a move that signals strong confidence in demand from management while also eliminating pricing uncertainty for potential investors.
Elon Musk, who serves as SpaceX's CEO, CTO, and Chairman, will continue to hold a significant stake after this offering.
According to SpaceX's S-1 filing with the SEC, Musk will control approximately 82.4% of the total voting power through his holdings of Class B common stock. Class B shares carry ten votes per share, while the Class A shares being offered to the public have one vote per share.
This dual-class share structure means that even after the SpaceX IPO, Musk can dictate the company's strategic direction without needing majority support from public shareholders. This risk is explicitly disclosed in the prospectus.
From a retail investor's perspective, one of the most notable aspects of the SpaceX IPO plan is the company's deliberate decision to reserve up to 30% of the total shares offered for ordinary investors, roughly three times the historical norm for companies of a similar size.
SpaceX CFO Bret Johnsen reportedly told underwriters at the start of the roadshow that the large retail allocation was intentional, stating that retail supporters have been "incredibly supportive" of the company and its mission over time, citing a Reuters report.
Latest SpaceX IPO Progress: Roadshow Underway, Pricing on June 11, Trading Begins June 12
As of June 2026, the latest status confirms the offering process is on track with no publicly reported delays.
The latest SpaceX IPO news indicates that the $135 per share pricing, the June 11 pricing date, and the June 12 Nasdaq listing timeline have remained unchanged since the roadshow began.
The roadshow is ongoing, with analysts from over 20 participating financial institutions reportedly scheduled to meet with SpaceX management during the marketing period.
In an unusual move, the company has publicly released the full roadshow presentation materials—the same financial briefing shown to institutional investors—allowing any retail investor to review them independently.
SpaceX also set up a dedicated IPO website offering key financial disclosure documents, regulatory filings, and a public FAQ.
Goldman Sachs is the lead underwriter, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase serving as joint bookrunners.
SpaceX IPO Share Price: $135 per Share, $75 Billion Raise, $1.75 Trillion Valuation
What is the SpaceX IPO Pricing?
According to SpaceX's amended S-1 filing with the SEC, as of June 2026, the company is issuing precisely 555,555,555 Class A common shares at a fixed price of $135 each.
Based on these terms, the total gross proceeds amount to approximately $75 billion.
For perspective, the previous record for the largest IPO in financial history was held by Saudi Aramco, which raised $29.4 billion in its 2019 listing.
SpaceX's target is more than double that record.
Underwriters also hold an over-allotment option (commonly known as the "greenshoe"), allowing them to sell up to an additional 83.3 million shares at the IPO price if demand permits, which could push the total amount raised beyond $86 billion.
An important structural detail to note: this is an all-primary offering, meaning all shares sold are newly issued, and every dollar raised goes directly into SpaceX's treasury.
Existing shareholders—including early employees or venture capital backers—are not cashing out in this IPO; the entire $75 billion flows into SpaceX's working capital.
SpaceX IPO Valuation: A Comparative View of $1.75 Trillion
Based on the offering price of $135 per share, as of June 2026, the implied market capitalization for the SpaceX IPO is approximately $1.75 to $1.77 trillion.
This figure would vault SpaceX into the top ten most valuable publicly traded companies in the U.S. from its first trading day.
At this valuation, SpaceX would rank above Meta Platforms, Berkshire Hathaway, and Tesla, which had a market cap of around $1.6 trillion at the time of the S-1 filing.
The dual-class share structure warrants special attention from any investor evaluating this offering.
Class A shares—the ones being sold in this IPO—carry only one vote per share.
Class B shares, held predominantly by Elon Musk, carry ten votes per share.
This means that even after the SpaceX IPO, Musk can dictate the company's strategic direction, capital allocation, and top-level decisions without needing majority approval from public shareholders.
Investors should factor this governance structure into their overall risk assessment for holding SPCX.
SpaceX S-1 Financial Data: $18.67 Billion in Revenue and Billions in Losses
The most scrutinized section of the SpaceX S-1 is the company's recent financial performance, which presents a clear contradiction that investors must understand.
According to the prospectus filed with the SEC, SpaceX generated revenue of $18.67 billion in 2025, a 33% increase from the prior year.
At the same time, the company recorded a net loss of $4.94 billion in 2025, a significant swing from a profit of $791 million in 2024.
One of the primary reasons is the integration of Elon Musk's AI company, xAI, which formally merged with SpaceX on February 2, 2026, adding substantial new operating expenses to the combined financial statements.
In the first quarter of 2026 alone, SpaceX recorded $4.69 billion in revenue, along with a significant net loss driven by the AI-related costs disclosed in the combined prospectus.
Starlink—the company's satellite broadband service and one of the largest satellite internet networks globally—remains
