Comprehensive Analysis: Is the SpaceX IPO Worth Investing at $135 Per Share?
- Core Viewpoint: SpaceX plans to list on the Nasdaq on June 12, 2026, at a fixed price of $135 per share, aiming to raise $75 billion, setting a record for the largest IPO in history. It will reserve 30% of its shares for retail investors. However, investors need to be wary of its dual-class share structure and loss-making financial situation.
- 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, aiming to raise $75 billion. If successful, this will far exceed 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 the voting power through his Class B shares (10 votes per share), allowing him to dominate company strategy even after the IPO, posing a significant governance risk.
- SpaceX's 2025 revenue reached $18.67 billion, but it recorded 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 associated with 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 enjoy voting rights or dividend rights and are required to complete advanced KYC certification.
SpaceX is just days away from what is 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, leaving ordinary investors unable to hold its shares.
This will change on June 12, when SPCX will list on the Nasdaq at a fixed offering price of $135 per share.
Currently, the three most pressing questions for every investor are: the listing date, the offering price, 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 the market close on June 11.
- Before the roadshow began, the company announced a single fixed price of $135 per share, a departure from the standard practice of announcing a preliminary price range first.
- Based on the offering of 555,555,555 Class A shares at $135 each, SpaceX aims to raise $75 billion. If successful, it will surpass Saudi Aramco's record of $29.4 billion 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 US from its first trading day.
- Up to 30% of the shares offered 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 First Trading Day on June 12
SpaceX's public listing marks a new chapter for the company, one of the world's most closely watched private enterprises for 24 years.
The SpaceX IPO plan has attracted 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 of 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, 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 a registration statement be publicly available at least 15 days before the roadshow begins.
The investor roadshow commenced on June 4, 2026, earlier than the originally planned week of June 8, due to the SEC's review progressing 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 is then adjusted up or down based on investor feedback during the roadshow before final pricing.
SpaceX has taken an approach nearly unprecedented for a company of its scale.
It announced a single fixed price of $135 per share before the roadshow even started, a move that signals management's high confidence in demand while also removing pricing uncertainty for potential investors.
Elon Musk, concurrently serving as SpaceX's CEO, CTO, and Chairman, will continue to hold a substantial stake after the offering.
According to SpaceX's S-1 filing with the SEC, Musk will control approximately 82.4% of the total voting power through his ownership of Class B common stock, which carries ten votes per share, compared to the one 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 steer 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 noteworthy 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 similarly sized offerings.
SpaceX CFO Bret Johnsen reportedly told underwriters at the start of the roadshow that the large retail allocation was intentional, citing the "incredible support" retail supporters have shown the company and its mission over the years, as reported by Reuters.
Latest SpaceX IPO Progress: Roadshow Underway, Pricing on June 11, Trading Starts June 12
As of June 2026, the latest status confirms the offering is progressing as planned with no publicly announced delays.
The latest SpaceX IPO news indicates the timeline of the $135 per share price, the June 11 pricing date, and the June 12 Nasdaq listing has 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 a rare move, the company has publicly released its full 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 key financial disclosures, regulatory documents, and public FAQs.
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 Price?
According to the amended S-1 filed with the SEC, as of June 2026, the company is offering exactly 555,555,555 Class A common shares at a fixed price of $135 per share.
Based on these terms, the total fundraising amount is approximately $75 billion.
For context, the record for the largest IPO in financial history was held by Saudi Aramco, which raised $29.4 billion when it listed in 2019.
SpaceX's offering target is more than double that record.
Underwriters also hold an over-allotment option (commonly known as a "greenshoe"), allowing them to sell an additional up to 83.33 million shares at the IPO price if demand permits, potentially pushing the total funds raised beyond $86 billion.
One important structural detail: this is a full 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 through this IPO. The entire $75 billion raised will flow into SpaceX's operational capital.
SpaceX IPO Valuation: A Comparative Perspective on $1.75 Trillion
Based on the $135 offering price, as of June 2026, SpaceX's implied market capitalization is approximately $1.75 to $1.77 trillion.
This figure would place SpaceX among the top ten most valuable publicly traded companies in the U.S. from its very first trading day.
At this valuation, SpaceX would surpass 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, predominantly held 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 senior management 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 a clear 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 previous year.
At the same time, the company recorded a net loss of $4.94 billion in 2025, a significant 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 substantial net losses 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 SpaceX's most prominent commercial success and is widely viewed as the long-term core revenue engine.
