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SpaceX is now just days away from what is widely expected to be the most significant IPO in recent years.

The rocket and satellite company, founded by Elon Musk in 2002, has long operated as a private entity, barring average investors from holding its shares.

All of this will change on June 12, when SPCX will list on the Nasdaq at a fixed offering price of $135 per share.

Currently, every investor is focused on three key questions: when it will list, at what price, and how to participate.

Key Takeaways

• SpaceX plans to debut on the Nasdaq under the ticker SPCX on June 12, 2026, with the final IPO pricing scheduled to be announced after the market close on June 11.
• The company announced a single fixed price of $135 per share before the start of the roadshow, deviating from the standard practice of first announcing 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, placing it among the top ten most valuable publicly traded companies in the US from its first trading day.
• Up to 30% of the offering shares are reserved for retail investors, who can subscribe before the listing through Fidelity, Charles Schwab, Robinhood, SoFi, and E*TRADE.
• MEXC has listed SPACEX(PRE), a Mirror Credits token tracking SpaceX's valuation, available for 24/7 spot trading before the Nasdaq listing.

SpaceX IPO Date: When Will SpaceX Go Public?

SpaceX IPO Timeline: S-1 Filing, Roadshow, and June 12 Listing Day

SpaceX's public listing marks a new chapter for the company, one of the world's most closely watched private enterprises for 24 years.

Plans for a SpaceX IPO have been generating 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, which allows regulators to review financial documents before the company publicly discloses any information, is a standard practice for high-profile listings.

SpaceX subsequently made its full S-1 prospectus public on May 20, 2026, complying with the SEC requirement that registration statements be made public at least 15 days before the roadshow begins.

The investor roadshow commenced on June 4, 2026, earlier than the initially planned week of June 8, as the SEC review progressed faster than anticipated.

Final pricing is scheduled to be announced 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, which can then be adjusted up or down before final pricing based on investor feedback during the roadshow.

SpaceX has taken 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 began, a move signaling management's high confidence in demand while eliminating pricing uncertainty for potential investors.

Elon Musk, who serves as SpaceX's CEO, CTO, and Chairman, will continue to hold a significant number of shares after this offering.

According to SpaceX's S-1 filing with the SEC, Musk will control approximately 82.4% of total voting power through his holdings of Class B common stock, which carry ten votes per share, compared to the single vote per share for the Class A shares being offered to the public.

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 has been clearly disclosed in the prospectus.

From a retail investor's perspective, one of the most noteworthy aspects of the SpaceX IPO plan is the company's deliberate decision to reserve up to 30% of the total offering shares 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 the long term, as cited by Reuters.

Latest SpaceX IPO Progress: Roadshow Underway, Pricing on June 11, Trading Begins June 12

As of June 2026, the latest status confirms the offering is proceeding as planned, with no publicly announced 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 continues, with reports indicating that analysts from over 20 participating financial institutions have scheduled meetings with SpaceX management during the marketing period.

In a rare move, the company has publicly released the complete roadshow presentation materials—the same financial briefing shown to institutional investors—allowing any retail investor to review them independently.

SpaceX has also set up a dedicated IPO website providing access to key financial disclosure documents, regulatory filings, and a public FAQ.

Goldman Sachs is acting as the lead underwriter, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase serving as joint bookrunners.

SpaceX IPO Share Price: $135/Share, Raising $75 Billion, Valuation $1.75 Trillion

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 exactly 555,555,555 shares of Class A common stock at a fixed price of $135 per share.

Based on these terms, the total fundraising amount is 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 when it went public in 2019.

SpaceX's target for this offering is more than double that record.

The underwriters also hold an over-allotment option (known as a "greenshoe"), allowing them to sell an additional up to 83.33 million shares at the IPO price if demand warrants, potentially pushing total proceeds beyond $86 billion.

A key structural detail to understand: this is an all-primary offering, meaning all shares sold are newly issued, and every dollar raised will go 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 will flow into SpaceX's working capital.

SpaceX IPO Valuation: A $1.75 Trillion Perspective

Based on the $135 per share offering price, the implied market capitalization for the SpaceX IPO is approximately $1.75 to $1.77 trillion as of June 2026.

This figure would place SpaceX among the top ten most valuable publicly traded companies in the US from its very 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 key 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 Revenue and Billions in Losses

The most scrutinized section of the SpaceX S-1 is the company's recent financial performance, which presents an apparent contradiction that investors must understand.

According to the prospectus filed with the SEC, SpaceX generated $18.67 billion in revenue 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 sharp reversal 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 significant new operating expenses to the combined financial statements.

In the first quarter of 2026 alone, SpaceX reported $4.69 billion in revenue, accompanied by a substantial net loss driven by the AI-related costs disclosed in the combined prospectus.

Starlink—the company's satellite broadband service and one of the