HOUSTON — SpaceX, Elon Musk’s rocket and satellite company, is set to make its market debut on Nasdaq on June 12, 2026, after pricing what is expected to be the largest initial public offering in history at $135 per share, according to company filings and statements.
The offering of approximately 555.6 million shares aims to raise about $75 billion at a valuation of around $1.75 trillion to $1.77 trillion. Shares are scheduled to begin trading under the ticker symbol SPCX following pricing after market close on June 11.
SpaceX confidentially filed with the U.S. Securities and Exchange Commission in early April 2026 and publicly released its S-1 prospectus on May 20. The company accelerated its timeline, launching its roadshow in early June after a faster-than-expected regulatory review.
The IPO is entirely primary shares, meaning proceeds will go directly to the company to fund operations, including Starship development, Starlink expansion, and other initiatives. SpaceX has grown rapidly, reporting about $18.7 billion in revenue for 2025, driven largely by its Starlink satellite internet service serving millions of users and government contracts.
The high valuation has drawn significant investor interest, with reports of strong demand exceeding $250 billion in orders. A substantial portion, up to 30 percent, is allocated for retail investors, higher than typical IPOs.
SpaceX, founded in 2002, has transformed the space industry with reusable rockets and frequent launches. It also merged with Musk’s xAI earlier in 2026. The company has faced scrutiny over its valuation relative to current financials, including an operating loss of about $4.2 billion last year.
“SpaceX is preparing for its historic debut,” a company announcement stated regarding the pricing.
The listing comes amid broader enthusiasm for space and technology sectors. Analysts have offered varied views on post-IPO performance, with some projecting upside based on growth potential in satellite communications and space infrastructure.
As of June 12, 2026, trading has not yet commenced. Details on opening price performance and full allocation outcomes remain subject to market conditions upon debut. SpaceX and its representatives have not issued additional comments beyond official filings.
