The SpaceX IPO made history on June 12, 2026, when Elon Musk’s rocket and satellite company raised a record $75 billion by selling 555.56 million Class A common shares at $135 each on the Nasdaq under the ticker SPCX. By the close of its first trading day, SPCX had surged 19% to $161.11, pushing SpaceX’s market capitalization above $2 trillion and making it the sixth-largest publicly traded company in the United States overnight. The blockbuster debut also crowned Elon Musk the world’s first trillionaire, as the surging value of his SpaceX stake pushed his net worth into 13 figures.
For investors who missed the IPO window, SPCX continues trading on Nasdaq and is accessible through major brokerages. For those trying to make sense of the valuation, the financials, or the risk, this guide answers every key question about the SpaceX IPO.
When Did the SpaceX IPO Happen?
SpaceX went public on June 12, 2026. The company priced its IPO the evening of June 11 at $135 per share, opened trading at $150 on June 12, and hit an intraday high of $176.52 before closing at $161.11. The IPO was the largest in stock market history, eclipsing previous records set by Alibaba and Saudi Aramco.
Trading happens on the Nasdaq under the ticker symbol SPCX. As of June 13, 2026, SpaceX’s market cap stands at approximately $2.11 trillion, cementing its place among the world’s most valuable public companies.
What Is the SpaceX IPO Share Price?
The SpaceX IPO price was set at $135 per share. The offering was 4x oversubscribed, meaning demand from institutional and retail investors far exceeded the shares available. That pressure pushed the stock to $161.11 on its first day and above $160 in early June 13 trading.
For retail investors who received IPO allocations at $135, that represents a paper gain of nearly 20% within 24 hours. Those buying in the open market today are entering at a roughly 19% premium to the IPO price.
What Is SpaceX’s Valuation?
At the IPO price of $135, SpaceX was valued at approximately $1.75 trillion. After its 19% first-day pop, the market cap climbed to over $2.11 trillion by June 13. That makes SpaceX more valuable than companies like Tesla, Meta, and Amazon at the time of writing.
The valuation is not without controversy. Morningstar’s analysts place SpaceX’s fair value closer to $780 billion — less than half the IPO valuation — citing the company’s $4.9 billion net loss in 2025 and a price-to-sales multiple of approximately 100x revenue. Scottish Mortgage Investment Trust, one of SpaceX’s largest pre-IPO backers, had previously valued the company at $1.25 trillion, still 30% below where it actually listed.
SpaceX bulls point to a total addressable market of $28.5 trillion, much of it driven by AI infrastructure and Starlink’s global satellite internet expansion, as justification for paying well above traditional valuation benchmarks.
What Are SpaceX’s Financials?
SpaceX disclosed its financials publicly for the first time in its S-1 IPO filing. In 2025, the company posted $18.7 billion in revenue and a net loss of $4.9 billion. On an adjusted EBITDA basis, SpaceX generated $6.6 billion in 2025, a number that strips out stock-based compensation, capital expenditures, and losses from affiliated ventures including xAI.
In Q1 2026, revenue grew to $4.70 billion (up from $4.07 billion in Q1 2025), but the net loss also widened to $4.30 billion compared to $528 million a year earlier, reflecting the company’s aggressive infrastructure build-out for Starlink and Starship.
Starlink dominates SpaceX’s income statement. The satellite internet business generated $11.4 billion in revenue in 2025 — roughly 61% of total company revenue — with 10.3 million subscribers across 164 countries and over 9,600 satellites deployed. The launch services business accounts for the remaining revenue, anchored by NASA contracts and commercial satellite launches.
How Could Retail Investors Buy the SpaceX IPO?
Retail investors had an unusually large slice of the SpaceX IPO: 30% of the offering — more than $22 billion worth of shares — was allocated to individual investors. That is three to six times the retail allocation typical in large IPOs, a deliberate choice by SpaceX to broaden public participation.
SpaceX designated five brokerages to distribute retail IPO shares: Robinhood, SoFi, E*Trade, Fidelity, and Charles Schwab. Fidelity customers could participate with as little as $2,000 in a retail brokerage account, a lower threshold than typical IPOs. Retail investors who received IPO shares through Fidelity are subject to a 15-day holding period before selling; flipping early may restrict future IPO participation.
For international investors outside the United States, participation required completing a W-8BEN form to certify non-US tax status. Many non-US retail investors were limited to buying in the secondary market after trading began on June 12.
How to Buy SPCX Stock Now
SpaceX stock (SPCX) is now available on the open market through any brokerage that supports Nasdaq-listed securities. US investors can buy SPCX through platforms including Fidelity, Charles Schwab, Robinhood, E*Trade, SoFi, and eToro. International investors may access SPCX through brokerages in their home country that offer US equity trading.
Because SPCX is now trading at a significant premium to its IPO price, investors entering today are buying a company priced at over 100 times annual revenue. Financial advisors broadly recommend treating any IPO stock as part of a diversified portfolio rather than a concentrated bet, particularly given SpaceX’s ongoing losses and the capital-intensive nature of both space launch and satellite internet businesses.
Is the SpaceX IPO Overvalued?
The valuation debate is genuine and unresolved. At $1.75 trillion on IPO day, SpaceX was priced at roughly 100 times its 2025 revenue — a multiple that has historically been reserved for the fastest-growing software companies, not capital-intensive aerospace and infrastructure businesses.
Morningstar puts fair value at $780 billion, implying the IPO price was more than double what fundamental analysis supports. The counter-argument from SpaceX bulls is that Starlink’s subscriber growth curve and SpaceX’s near-monopoly on commercial heavy-lift launches justify a premium. The company’s $28.5 trillion total addressable market claim leans heavily on long-term AI infrastructure demand from Starlink’s low-latency satellite connectivity.
The honest answer is that SpaceX’s valuation depends almost entirely on which version of the future you believe in. If Starlink reaches 50 million subscribers and Starship drives down launch costs by 10x, the current price may look cheap. If subscriber growth plateaus or a competitor disrupts the market, $2 trillion is very hard to justify against $18.7 billion in revenue and a $4.9 billion loss.
What Does the SpaceX IPO Mean for the Market?
The SpaceX IPO signals the beginning of a new wave of mega-cap technology listings. At $75 billion raised, it is the largest IPO in history and the first time a privately held company valued above $1 trillion has come to market. Its success — the stock gained 19% on day one — will likely encourage other private giants to accelerate their own IPO timelines.
For the Nasdaq and the broader US equity market, SpaceX’s addition at a $2 trillion market cap is immediately significant. It becomes one of the largest components of major indices and a substantial holding for index funds tracking US large-cap growth stocks. That passive inflow from index rebalancing creates sustained buying pressure in the weeks following listing.
SpaceX IPO: Key Facts at a Glance
IPO Date: June 12, 2026
Exchange: Nasdaq
Ticker: SPCX
IPO Price: $135 per share
Day 1 Close: $161.11 (+19%)
Shares Offered: 555.56 million Class A common shares
Total Raised: $75 billion
IPO Valuation: $1.75 trillion
Current Market Cap (June 13): ~$2.11 trillion
2025 Revenue: $18.7 billion
2025 Net Loss: $4.9 billion
Starlink Revenue Share: ~61% of total revenue
Retail Allocation: 30% of offering
Retail Brokers: Robinhood, SoFi, E*Trade, Fidelity, Charles Schwab
Frequently Asked Questions: SpaceX IPO
What is the SpaceX IPO price?
The SpaceX IPO price was $135 per share. The stock closed its first day of trading at $161.11, a 19% gain from the offer price.
When did SpaceX go public?
SpaceX went public on June 12, 2026, listing on the Nasdaq under the ticker symbol SPCX.
What is SpaceX’s valuation after the IPO?
SpaceX was valued at $1.75 trillion at its IPO price. After the first-day trading surge, its market capitalization rose to approximately $2.11 trillion by June 13, 2026.
How can I buy SpaceX stock?
SpaceX stock (SPCX) trades on the Nasdaq and can be purchased through any major brokerage including Fidelity, Charles Schwab, Robinhood, E*Trade, and SoFi.
Is SpaceX profitable?
SpaceX is not yet profitable on a GAAP basis. The company posted a $4.9 billion net loss in 2025 on $18.7 billion in revenue. However, it generated $6.6 billion in adjusted EBITDA, suggesting underlying operational cash generation before capex and stock-based compensation.
What is Starlink’s role in SpaceX’s business?
Starlink, SpaceX’s satellite internet service, accounts for approximately 61% of the company’s total revenue. In 2025, Starlink generated $11.4 billion in revenue, serving 10.3 million subscribers in 164 countries with over 9,600 satellites in orbit.
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Sources: SpaceX IPO takeaways: SPCX closes at $161, jumping 19% after record debut (CNBC) | SpaceX IPO makes history as largest ever (NPR)
