The SpaceX IPO (SPCX)

The SpaceX IPO is complete. SpaceX priced at $135 on 2026-06-11 and began trading on the Nasdaq under the ticker SPCX on 2026-06-12 — opening at $150, the largest IPO in history. Here's the full picture, with sources.

SPCX is live on the Nasdaq — listed 2026-06-12

IPO timeline

2026-06-04Roadshow beganManagement pitched institutional investors.
2026-06-11IPO priced at $135Final share price confirmed; pre-IPO buying window closed.
2026-06-12SPCX began tradingOpened at $150 on the Nasdaq (up ~11%), first-session high $168.75.

SPCX trades live on the Nasdaq and its price moves continuously. Opening-day figures are point-in-time snapshots, not the current price — check a live quote before acting.

The numbers

Ticker: SPCX
Exchange: Nasdaq
IPO price: $135
Opening trade: $150
First-day high: $168.75
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: 2026-06-13

Trading live on the Nasdaq — IPO priced at $135 on June 11; opened at $150 on June 12, 2026

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 buy SPCX now

With SPCX listed, the simplest route is buying shares through any broker with US-stock access — no accreditation, no IPO allocation. The pre-IPO window closed at pricing; funds (DXYZ, ARKVX) and tokenized exposure remain as indirect alternatives.

See all the ways to buy SPCX →

Risks to understand

SpaceX reported a net loss for 2025; the valuation is forward-looking.
Newly listed stocks are often volatile in their first days and weeks — SPCX swung 25% in its first session.
Staggered lock-up releases add scheduled supply over the first 180 days.
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.