When is SpaceX’s IPO and what is the valuation?
After more than two decades as the world’s most closely watched private company, SpaceX has gone public. The stock begins trading on Nasdaq on June 12, 2026, under the symbol SPCX, with 555.56 million Class A shares offered at a target IPO price of $135. SpaceX set this fixed price at $135 per share, giving the valuation about $1.77 trillion — making Elon Musk’s company the seventh-largest company in the United States, ahead of Tesla.
The scope is unprecedented. The offering aims to raise about $75 billion, with the underwriters retaining a 30-day option to buy up to an additional 83.3 million shares at the IPO price. In terms of deal size, this makes it the largest IPO in market history – comfortably surpassing Saudi Aramco’s 2019 record.
One detail makes this IPO unusually accessible. SpaceX has allocated about 30% of its common stock to regular retail investors instead of the usual 5% to 10% — which is why brokerage apps suddenly have a “request shares” button for a company that has been private for 24 years.
SpaceX IPO Valuation: What’s Driving the $1.75 Trillion Valuation?
The number is based largely on one department: Starlink. SpaceX operates across launches, Starlink connectivity, and artificial intelligence, with Starlink generating approximately 61% of total 2025 revenue. The company generated $15 billion to $16 billion in revenue in 2025, implying a valuation of approximately 109 times to 116 times trailing revenue.
This combination is the heart of the debate. At $1.75 trillion, SpaceX will trade at about 100 times its 2025 revenue — a multiple that assumes exceptional, sustained growth across both the launch and Starlink businesses for years to come. Investors are pricing in years of near-flawless execution, with the main risks being management concentration, spacecraft execution, and reliance on government contracts.
What to expect during the first hours of trading
This is where a common assumption needs to be corrected. Many people expect the stock to collapse right after its IPO as early investors withdraw their money – but that’s not the usual pattern. The classic IPO dynamic is often the opposite: a “pop” on day one, where the stock opens well above The price is offered because demand far exceeds the available shares. Sharp declines may occur, but for a heavily subscribed trade like this one, an opening price above $135 is the most likely outcome. In fact, some analysts believe it could end up reaching $2 trillion or more on its first day.
Some things worth knowing for the big day:
- there There is no specific opening time. There is no set time to start trading – companies often wait some time after the market opens before printing the first trade, and the stock price is likely to fluctuate significantly once it does.
- Expect serious fluctuations. June 12 is the first day of trading, and high volatility is expected. Some experienced traders deliberately wait for it to expire – a common approach is to let the first 30 to 90 minutes of trading set a clear structure rather than buying at any price amidst the hype.
- A structural buying wave will come weeks later. This is the most appreciated factor. Nasdaq has shortened the waiting period for Nasdaq-100 membership to just 15 trading days for the largest mega IPOs, so based on the June 12 listing, SpaceX will be eligible to join the index around July 7 — forcing every Nasdaq-100 tracking fund and ETF to buy SPCX and creating a wave of forced institutional buying that could significantly offset early selling pressure.
- Selling pressure is real, but it is scheduled. The friends and family carve-out means up to $3.75 billion of unsecured shares could be sold on day one, while major insider holds are being issued in phases from late July onwards. So the “early investor withdrawal” effect you’d expect is real – it’s spread across months of window openings rather than concentrated on day one.
Honest summary: No one can predict the first printing. Expect a choppy open, real potential for a price well above $135, and a well-known calendar of buying and selling pressure over the following weeks.
Top 3 Platforms and How to Buy SpaceX (SPCX)
Not every platform offers the same thing. Two of the three below give you actual Stocks listed on NASDAQ; One of them gives you exposure to the price of the original cryptocurrency. Here’s how it breaks down.
1. XTB – Buy actual SPCX share
XTB is a regulated broker that provides access to real SPCX shares on the open market as soon as trading begins. From day one of trading, SPCX is available at brokers that provide access to US stocks, including XTB.
What you need to get started: Open an account and complete the identity verification (KYC) process. How to finance it: Download the XTB app, open an account, then choose your preferred funding method and deposit funds – XTB usually supports bank transfer and card. What to do during an IPO: Once SPCX is listed, search the index and place your order. Reality check: You won’t get the $135 IPO price — that’s only for investors in the formal bookbuilding process; Buying in the open market from June 12 means paying whatever price the market sets, which could open significantly higher.
*Investments carry risks. Trade responsibly.
2. Bitpanda — SpaceX has been trading since the first trading day
Bitpanda is a European platform based in Austria that allows you to invest in stocks (including fractional shares), $ encryptionETFs and more in one app – well-suited for beginners who want a straightforward approach without a large minimum. Bitpanda is offering SPCX starting on the first trading day on NASDAQ, at just €1 per trade.
What you need to get started: Full registration and verification (KYC). How to finance it: Bitpanda supports bank transfer, card, and many instant payment methods in EUR. What to do during an IPO: Once you start SPCX on your first trading day, search the index and place your order – at €1 per trade, with fractional investing you place a fixed amount in Euros instead of buying a full share if the price opens higher.
3. OKX – SpaceX’s native cryptocurrency offering
OKX is approaching SpaceX from the crypto side rather than traditional stocks. OKX is launching perpetual futures contracts tracking valuations of high-profile private companies including SpaceX, along with tokenized stock trading via a tie-up with Ondo Finance. This is SpaceX exposure priceNot ownership of the underlying stock – these products carry leverage, financing costs and liquidation risks.
What you need to get started: Your verified OKX account has been completed with KYC. How to finance it: Deposit cryptocurrencies from an external wallet, or purchase cryptocurrencies directly on OKX via card or bank transfer to fund your trading balance. What to do during an IPO: If you want pre-listing or synthetic exposure, you can trade SpaceX’s perpetual or token product directly — just understand that you’re trading a derivative, not Nasdaq stock, and these products can differ sharply from the real price in thin, volatile windows.
What will happen during the SpaceX IPO?
SpaceX’s IPO is a true market milestone – the largest in history, with unusually generous retail access. But the $135 figure is an offer price that most readers won’t get, the opening days will be volatile, and the three platforms mentioned above give you different products: a real stake via XTB and Bitpanda, and exposure to native cryptocurrencies via OKX. Whichever route you choose, only invest what you can afford to lose – buying into the hype on day one is one of the riskiest ways to enter any stock.
