The moment investors have been waiting years for is finally here as SpaceX, Elon Musk’s rocket, satellite, and AI conglomerate is set to begin trading on the Nasdaq on Friday, June 12, under the ticker symbol ‘SPCX’.
The SpaceX IPO is the biggest market event of 2026 and one of the most anticipated in stock market history. It is part rocket company, part satellite network, part AI play and entirely a bet on Elon Musk.
Here is what you need to know as a. investor about SpaceX:
Price and valuation
SpaceX locked in its final IPO price at $135 per share, setting the stage for it to begin trading at a valuation of $1.77 trillion thereby making it one of the most valuable companies ever to go public.
The offering is expected to raise more money than all U.S. IPOs in 2024 and 2025 combined, potentially pushing 2026 into the record books.
SpaceX – bigger than rockets
SpaceX is no longer simply a launch company. In February 2026, SpaceX acquired xAI, Musk’s artificial intelligence company that also owns X, formerly Twitter in an all-stock deal valued at roughly $250 billion.
By May, Musk announced xAI had been fully absorbed into SpaceX and would rebrand as SpaceXAI.
In its IPO filing, SpaceX described itself as the primary launch provider for the U.S. government in 2025, handling 11 of 12 National Security Space Launch missions and all five U.S. crew and cargo missions to the International Space Station for NASA.
Financial growth and losses
According to its S-1 filing, SpaceX generated $18.67 billion in revenue for 2025 with adjusted EBITDA of $6.58 billion.
However, the company posted a loss of nearly $5 billion for 2025, a reversal largely attributed to the integration of xAI.
Starlink
SpaceX already operates 10,000 Starlink broadband and mobile satellites in low-Earth orbit, accounting for about 75 percent of all active maneuverable satellites in orbit as of March 31.
Starlink is widely seen as the engine driving SpaceX’s future revenue and is expected to play a major role in justifying the company’s enormous valuation.
A bigger slice for retail investors
In a notable departure from Wall Street tradition, SpaceX is targeting a retail allocation of 30 percent which is higher than the typical 5 percent to 10 percent reserved for everyday investors in standard IPOs.
Risks to consider
The IPO has controversy as analysts note that Tesla’s share price and profits in 2025 took a hit when Musk shifted his focus to leading DOGE, the Trump administration’s government efficiency effort.
Investing in an IPO process can be highly speculative hence anyone participating in SpaceX’s IPO should do so only in a speculative way.
The public listing of SpaceX and eventually Anthropic and OpenAI will also open these companies to scrutiny they have not faced as private firms.
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