The SpaceX IPO (SPCX)
SpaceX has filed publicly to list on the Nasdaq under the ticker SPCX. Here's what we know — and how to take part. Figures are from the filing and reporting and are not final until pricing.
Estimated countdown
IPO timeline
- 2026-06-04Roadshow beginsManagement pitches institutional investors.
- 2026-06-11IPO pricesFinal share price set; pre-IPO buying window closes.
- 2026-06-12SPCX starts tradingShares list on the Nasdaq — open-market buying begins.
IPO dates, valuation, and pricing are based on SpaceX’s public filing and media reports and are not final until the offering prices. Details can change or be withdrawn.
The numbers
- Ticker
- SPCX
- Exchange
- Nasdaq
- IPO price
- $135
- Valuation
- $1.77 trillion
- Raise
- $75 billion
- Shares offered
- 555.6 million
- Public float
- ~5% of shares trade at listing
- Voting control
- >82% (Elon Musk, after IPO)
- 2025 revenue
- $18.7 billion
- 2025 net loss
- $4.9 billion
- Starlink subscribers
- 10.3 million (Q1 2026)
- Last verified
- 2026-06-05
Priced at $135/share (S-1/A) — final pricing June 11, trading June 12
Share structure & control
Dual-class: Class A (1 vote) for public investors, Class B (10 votes) held by Elon Musk, who controls over 82% of total voting power after the IPO. Only ~5% of shares trade publicly at listing; most pre-IPO shares (including Musk's) stay under a staggered lock-up that fully lifts after 180 days.
In practice, public investors buying SPCX get economic exposure to SpaceX but limited voting power — a structure common among founder-led tech listings.
Lock-up & day-one liquidity
Only about 5% of SpaceX's shares trade freely on day one — the shares sold in the offering. Existing shareholders (employees, early investors, and Elon Musk) are largely locked up, but SpaceX uses an unusual staggered lock-up rather than the standard flat 180-day rule:
- Directed-share (friends & family) participants can sell only after the first quarterly earnings — not on day one.
- 20% of eligible shares release after the Q2 earnings call (mid-July to September).
- A further 10% can release early if SPCX trades 30%+ above the IPO price on 5 of 10 days.
- Staggered time-based releases (~7% each) at 70, 90, 105, 120 and 135 days.
- Up to 28% more after the Q3 earnings call; all restrictions lift after 180 days.
- Over 60% of pre-IPO shares (including Musk's) stay under the extended lock-up.
Why it matters: a small day-one float can mean sharper price swings, and lock-up release dates are potential supply events to watch.
How to participate
The simplest route is to buy SPCX through a broker when it lists. Accredited investors can buy pre-IPO before pricing; everyone else can use funds or tokenized exposure.
See all the ways to buy SPCX →Risks to understand
- The IPO can be delayed, repriced, or withdrawn — nothing is final until it prices.
- SpaceX reported a net loss for 2025; valuation is forward-looking.
- Newly listed stocks are often volatile in their first days and weeks.
- Dual-class shares concentrate voting control with the founder.
- Indirect routes (funds, tokenized products) add premiums, fees, and counterparty risk.
Sources
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This site is for informational purposes only and is not financial, investment, legal, or tax advice. Investing involves risk, including the possible loss of principal. Do your own research and consider consulting a licensed financial advisor. SPCX.capital is an independent publisher. We are not affiliated with, endorsed by, or sponsored by Space Exploration Technologies Corp. (SpaceX), Nasdaq, or any platform listed. “SpaceX” and related marks are the property of their respective owners.