SpaceX is just days away from what is expected to be one of the most significant IPOs in recent years.
This 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.
All of this will change on June 12, when SPCX will be listed on Nasdaq at a fixed issue price of $135 per share.
Currently, the three questions most concerning investors are: When will it go public, what will be the pricing, and how can they participate?
Key Summary
- SpaceX plans to debut on Nasdaq under the code SPCX on June 12, 2026, with the final IPO pricing to be announced after the market closes on June 11.
- The company announced a single fixed price of $135 per share before the roadshow began, differing from the standard practice of first announcing a preliminary pricing range.
- At a fixed price of $135 per share for a total of 555,555,555 Class A shares, SpaceX aims to raise $75 billion, which, if successful, will surpass Saudi Aramco's record of $29.4 billion, becoming the largest IPO in history.
- SpaceX's implied valuation is about $1.75 trillion, placing it among the top ten publicly listed companies by market capitalization in the U.S. from the first day of trading.
- Up to 30% of the issued shares will be 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 type of Mirror Credits token that tracks SpaceX's valuation, which is currently available for around-the-clock spot trading before the Nasdaq listing.
SpaceX IPO Date: When is SpaceX going public?
SpaceX IPO Timeline: S-1 Filing, Roadshow, and June 12 Trading Debut
The public listing of SpaceX marks a new chapter for one of the most watched private companies in the world for the last 24 years.
The SpaceX IPO plan drew significant market attention starting early 2026, with reports in February and March confirming that the company was working with investment banks to advance towards a mid-year listing goal.
The formal start of the SpaceX IPO was on April 1, 2026, when the company submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC).
The confidential filing allows regulators to review the financial documents before the company publicly discloses any information, which is standard practice for high-profile listings.
SpaceX subsequently released its complete S-1 prospectus on May 20, 2026, complying with SEC requirements that a registration statement must be made public at least 15 days before the roadshow begins.
The investor roadshow launched on June 4, 2026, earlier than the originally slated week of June 8, due to the SEC’s review process being faster than expected.
The final pricing is set to be announced after the market closes on June 11, 2026.
The target date for trading SPCX shares on Nasdaq is June 12, 2026.
Elon Musk's SpaceX IPO Plan: An Unprecedented $75 Billion Fundraising Strategy
Most IPOs first announce a preliminary pricing range and then adjust up or down before the final pricing based on investor feedback during the roadshow.
SpaceX has adopted a practice that is almost unprecedented at this scale.
The company announced a single fixed price of $135 per share before the roadshow began, demonstrating management’s high confidence in demand while eliminating potential uncertainty for investors regarding pricing.
Elon Musk serves as the CEO, CTO, and chairman of SpaceX and will retain a significant shareholding after this issuance.
According to the S-1 documents submitted by SpaceX to the SEC, Musk will control about 82.4% of the total voting power through his ownership of Class B common stock, which has ten votes per share, while the A shares offered to the public have only one vote per share.
This dual-class share structure means that even after the SpaceX IPO, Musk can continue to dictate the company's strategic direction without the need for majority support from public shareholders. This risk is clearly disclosed in the prospectus.
From the perspective of retail investors, the most noteworthy aspect of the SpaceX IPO is the company's intentional decision to reserve up to 30% of the total issued shares for ordinary investors, which is approximately three times the historical norm for companies of this size.
Bret Johnsen, CFO of SpaceX, reportedly told underwriters at the start of the roadshow that the large allocation for retail investors is intentional, citing the incredible support that retail backers have long provided to the company and its mission, as reported by Reuters.
SpaceX IPO Latest Progress: Roadshow Ongoing, Pricing on June 11, Trading Starts June 12
As of June 2026, the latest status of the SpaceX IPO confirms that the issuance process is progressing as planned without any public delays.
Latest SpaceX IPO updates show that the pricing of $135 per share, the pricing date of June 11, and the Nasdaq listing on June 12 have not changed since the start of the roadshow.
The roadshow is ongoing, and reportedly over 20 participating financial institutions have arranged to meet with SpaceX management during the marketing period.
The company has taken the rare step of publicly releasing the full roadshow presentation materials—the same financial brief shown to institutional investors—available for any retail investor to review.
SpaceX has also set up an exclusive IPO website, providing key financial disclosure documents, regulatory filings, and public FAQs.
SpaceX IPO Stock Price: $135 Per Share, Raising $75 Billion, Valuation of $1.75 Trillion
Why is SpaceX IPO Priced at $135?
According to the revised S-1 filing submitted by SpaceX to the SEC, as of June 2026, the company is issuing a total of 555,555,555 Class A common shares at a fixed price of $135 each.
Based on this, the total fundraising amount is approximately $75 billion.
For comparison, the record for the largest IPO in financial history is held by Saudi Aramco, which raised $29.4 billion when it went public in 2019.
SpaceX’s issuance target exceeds that record by more than double.
The underwriters also hold an overallotment option (commonly known as "green shoe"), allowing them to sell up to 8,333,000 additional shares at the IPO price, potentially pushing the total fundraising amount above $86 billion.
One structural detail to note: this is an all-primary offering, meaning all shares sold are newly issued shares, and every dollar raised will go directly into SpaceX’s treasury.
Existing shareholders—such as early employees or venture capital backers—are not cashing out through this IPO, as the entire $75 billion will flow into SpaceX's operating capital.
SpaceX IPO Valuation: A Comparative Perspective of $1.75 Trillion
At the issue price of $135 per share, as of June 2026, the implied market value of SpaceX IPO is approximately $1.75 trillion to $1.77 trillion.
This figure will allow SpaceX to rank among the top ten publicly listed companies by market capitalization in the U.S. from the first day of trading.
At this valuation, SpaceX would surpass Meta Platforms, Berkshire Hathaway, and Tesla (which had a market cap of about $1.6 trillion at the time of the S-1 filing).
The dual-class share structure is particularly noteworthy for any investor evaluating this offering.
Class A shares—the shares being sold in this IPO—have only one vote per share.
Class B shares are mainly held by Elon Musk, with ten votes per share.
This means that even post-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 when holding SPCX.
SpaceX S-1 Financial Data: $18.67 Billion Revenue and Billions in Losses
One section of the SpaceX S-1 that has been scrutinized intensely is the company's recent financial performance, which presents apparent contradictions that investors must understand.
According to the prospectus submitted to the SEC, SpaceX generated revenue of $18.67 billion in 2025, a 33% increase from the previous year.
At the same time, the company reported a net loss of $4.94 billion in 2025, a significant reversal from a profit of $791 million in 2024.
One of the main reasons is the integration of Elon Musk's artificial intelligence company xAI, which formally merged with SpaceX on February 2, 2026, adding substantial operating expenses to the merged financial statements.
In just the first quarter of 2026, SpaceX recorded revenue of $4.69 billion, albeit accompanied by significant net losses related to AI costs disclosed in the merger prospectus.
Starlink—the company’s satellite broadband service, one of the largest satellite broadband networks globally—remains SpaceX's most significant commercial success and is widely seen as a long-term core revenue engine.
The implied valuation of $1.75 trillion is about 93.7 times the company’s annualized revenue from the past year, reflecting market expectations for future growth rather than current profitability.
Investors evaluating the SpaceX IPO stock price should carefully weigh this premium against the company's current loss situation and long-term growth trajectory.
How to Buy SpaceX IPO
How to Buy SpaceX IPO Shares on June 12: Fidelity, Schwab, and Robinhood Explained
The SpaceX IPO is one of the rare mega-listing cases in recent years that actively includes retail investors in the pre-IPO allocation process.
SpaceX's S-1 specifically names five consumer brokerage platforms as confirmed subscription channels for ordinary investors:
- Fidelity requires that household account balances exceed $2,000; investors may submit an Intent to Offer (IOI) through Fidelity’s IPO center, and if the offering is oversubscribed, shares will be allocated by lottery.
- Charles Schwab has a significantly higher requirement of at least $100,000 in qualifying assets held at the firm; clients may submit conditional purchase offers (COTPs) through the IPO section on their account home page.
- Robinhood opens IPO Access to all verified and funded accounts without a minimum balance requirement; in high-demand offerings, allocations are distributed pro-rata, resulting in lower odds of full allocations in this scale.
- SoFi and E*TRADE also offer IPO subscription services based on their respective qualification criteria; E*TRADE has additional advantages due to its parent company's relationship with Morgan Stanley (one of the co-lead underwriters).
Submitting an intent to offer is not equivalent to placing a purchase order.
This merely indicates your intent to participate at the IPO price, but allocations are not guaranteed, especially considering the expected high demand for SPCX.
If you don't secure an allocation before trading begins, the most straightforward alternative is to buy SPCX shares on the open market starting June 12 through any standard brokerage account without any special qualifications.
How to Invest in SpaceX Before the IPO Through MEXC's SPACEX(PRE)
For investors looking to gain exposure to SpaceX's valuation before its formal Nasdaq listing on June 12, MEXC offers a product called SPACEX(PRE).
SPACEX(PRE) is an asset certificate presented in the form of MEXC Mirror Credits, designed to track SpaceX's market value before and after its public listing.
It is currently available on MEXC for trading in a SPACEX(PRE)/USDT pair around the clock, with zero secondary market trading fees.
Before participating, it is essential to understand the differences between SPACEX(PRE) and real SpaceX shares.
According to MEXC's official product documentation, holding SPACEX(PRE) does not equate to investing in SpaceX stock.
SPACEX(PRE) holders do not enjoy the voting rights, dividend rights, or any other shareholder rights associated with actual SPCX shares.
This product is entirely operated by MEXC in collaboration with compliant issuers, with SpaceX itself not participating in this issuance in any form.
Issuers and their partner institutions indeed hold equity or related interests in SpaceX through compliant channels, providing underlying asset support for the Mirror Credits structure, but this does not eliminate the inherent risks of the product.
To trade SPACEX(PRE), users must complete MEXC's advanced KYC certification.
Major risks to evaluate before participating include: fluctuations in valuations linked to SpaceX’s market performance, potential liquidity restrictions in the secondary market, and the inherent uncertainties of pre-listing derivatives.
If you wish to gain immediate exposure to SpaceX's price, you can trade SPACEX(PRE) on the MEXC spot market.
Frequently Asked Questions
What is the date of the SpaceX IPO?
SpaceX plans to debut on Nasdaq under the code SPCX on June 12, 2026.
What is the price of the SpaceX IPO stock?
According to the revised S-1 filing submitted by SpaceX to the SEC, as of June 2026, the company has set a fixed issue price of $135 per share.
When will SpaceX go public?
SpaceX is scheduled to start public trading on Nasdaq on June 12, 2026, with the final pricing to be announced on June 11.
Is SpaceX going public soon?
Yes, SpaceX will go public on June 12, 2026, when SPCX shares will trade on Nasdaq for the first time in the company's 24-year history.
Is SpaceX currently a public company?
SpaceX is currently not publicly listed and has operated as a private company since 2002; it will officially open to public investors when SPCX begins trading on Nasdaq on June 12, 2026.
What is the SpaceX IPO?
The SpaceX IPO (formally filed with the SEC by Space Exploration Technologies Corp.) is the public offering process in which SpaceX plans to sell 555,555,555 Class A shares at $135 each, aiming to raise $75 billion on Nasdaq under the code SPCX.
How can retail investors buy the SpaceX IPO?
SpaceX is reserving up to 30% of the total issued shares for retail investors, who can submit an intent to offer (IOI) during the roadshow through Fidelity, Charles Schwab, Robinhood, SoFi, and E*TRADE.
Conclusion
This article is centered around three questions and concludes with three answers.
As of June 2026, the goal of the SpaceX IPO is to be listed on Nasdaq under the code SPCX on June 12 at a fixed price of $135 per share, with an implied market capitalization of approximately $1.75 trillion.
Retail investors can seek pre-listing subscription channels through Fidelity, Charles Schwab, Robinhood, SoFi, and E*TRADE, while MEXC's SPACEX(PRE) provides a way to establish Mirror Credits exposure to the valuation before the Nasdaq listing.
No matter which way you choose, fully understanding the framework of this offering—including dual-class share governance, loss-making financials, and unprecedented scale—is essential for making any investment decision.
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