SpaceX prices record $75bn IPO

SpaceX priced its initial public offering at $135 per share, selling 555,555,555 Class A shares. The transaction raised $75 billion, making it the largest U.S. IPO on record by proceeds. At the IPO price, the deal values the space, satellite and AI company at about $1.77 trillion. That valuation places SpaceX among the most valuable publicly traded companies in the United States from its first day as a listed entity.

The size and valuation of the offering underscore the scale the company has reached in private markets before going public. With a single transaction, SpaceX has joined the upper tier of U.S. mega-cap stocks, a status typically built up over years of public trading. The IPO also reflects investor willingness to assign a very high market value to a business focused on space launch, satellite networks and related technology.

SpaceX shares are scheduled to begin trading on the Nasdaq on Friday, June 12, 2026, under the ticker symbol SPCX. The listing will give public-market investors their first direct opportunity to buy and sell SpaceX shares during regular market hours. Trading in the stock will provide a live market assessment of the company’s value relative to its $135 IPO price and $1.77 trillion implied capitalization.

The IPO is expected to generate significant liquidity given the volume of shares sold. With hundreds of millions of shares coming to market at once, the listing is set to be one of the most actively watched U.S. debuts in recent years. Market participants will be focused on how the opening price and early trading compare with the offer price set in the IPO.

A notable feature of the SpaceX IPO is the large allocation reserved for individual investors. Thirty percent of the shares in the offering have been set aside for retail buyers. This is a sizable portion by historical standards and is designed to give a broad range of non-institutional investors access to the stock at the IPO price.

The substantial retail component is expected to influence trading dynamics on the first day and beyond. A larger base of individual shareholders can contribute to higher volumes and potentially more volatile price movements, especially in the early sessions after listing. The heavy participation of retail investors also signals widespread interest in SpaceX’s public-market debut.

A consortium of major global investment banks is leading the SpaceX offering. Goldman Sachs, Morgan Stanley (MS), Bank of America Securities, Citigroup and J.P. Morgan are acting as joint book-running managers. Their role has included marketing the deal to institutional and retail investors and coordinating the allocation of shares ahead of the Nasdaq debut.

Research coverage has begun to form around the new listing. One brokerage firm has initiated the stock with an outperform rating and a 12- to 18-month price target of $190 per share. That target implies potential upside of about 40% relative to the $135 IPO price, reflecting optimistic expectations about SpaceX’s prospects as it enters public markets.