深入解讀：SpaceX IPO值得以每股$135投資嗎？

SpaceX is 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, keeping its shares out of reach for ordinary investors.

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

Currently, every investor's three most pressing questions are: when will it list, what is the price, and how can I participate?

Key Takeaways

• SpaceX plans to debut on the Nasdaq under the ticker SPCX on June 12, 2026, with the final IPO price expected to be announced after market close on June 11.
• The company announced a single fixed price of $135 per share before the roadshow began, 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 record of $29.4 billion, becoming 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 offered shares 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 designed to track 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 one of the world's most-watched private companies after 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 target.

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, 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 the registration statement be made public at least 15 days before the roadshow begins.

The investor roadshow commenced on June 4, 2026, earlier than the originally scheduled week of June 8, due to the SEC review progressing faster than anticipated.

Final pricing is scheduled to be announced after 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 taken an approach that is almost unprecedented at this scale.

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 also eliminating pricing uncertainty for potential investors.

Elon Musk, who serves as CEO, CTO, and Chairman of SpaceX, 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 holding of Class B common stock, which carries ten votes per share, compared to the single vote per share for the Class A shares offered to the public.

This dual-class 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 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 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, 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 SpaceX IPO process is proceeding on schedule without any publicly announced delays.

The latest SpaceX IPO news indicates that the $135 per share price, 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 a rare 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 has also set up a dedicated IPO website providing key financial disclosure documents, regulatory filings, and public FAQs.

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

SpaceX IPO Stock Price: $135 Per Share, $75 Billion Raise, $1.75 Trillion Valuation

What is the SpaceX IPO Price?

According to SpaceX's amended S-1 filing with the SEC, as of June 2026, the company is offering exactly 555,555,555 shares of Class A common stock at a fixed price of $135 per share.

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

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

The underwriters also hold an over-allotment option (commonly known as the "greenshoe"), allowing them to sell up to an additional 83.33 million shares at the IPO price if demand permits, 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.

No existing shareholders—neither early employees nor venture capital backers—are selling shares in this IPO. The entire $75 billion raised will flow into SpaceX's working capital.

SpaceX IPO Valuation: A Comparative Perspective on $1.75 Trillion

At the $135 per share offering price, the implied market capitalization of the SpaceX IPO is approximately $1.75 trillion 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 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 particular attention for any investor evaluating this offering.

Class A shares—the shares 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 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 incorporate 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 $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 sharp reversal from a profit of $791 million in 2024.

A primary reason for this 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 recorded $4.69 billion in revenue, accompanied by substantial net losses due to the AI-related costs disclosed in the combined prospectus.

Starlink—the company's satellite broadband service and one of the world's largest satellite internet networks—remains SpaceX's most prominent commercial success and is widely viewed as a long-term core