SpaceX IPO Prices at $135 a Share Ahead of Friday Nasdaq Debut

SpaceX has set its IPO price at $135 per share ahead of final pricing on Thursday evening and an open-market trading debut on the Nasdaq on Friday, June 12. The offering values the company at $1.77 trillion and will raise $75 billion through the sale of 555.6 million shares, making it the largest initial public offering in stock market history.

The previous record was Alibaba's $25 billion raise in 2014. SpaceX's deal is three times larger.

What the Offering Involves

Goldman Sachs is leading the transaction alongside Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase. SpaceX will trade under the ticker SPCX on the Nasdaq.

Approximately 30% of the offering has been reserved for retail investors, an unusually high proportion for a company of this scale. Access is available through Fidelity, Robinhood, and Schwab. Elon Musk will retain over 82% voting control after the offering.

Key terms:

• Price per share: $135 (target, subject to final pricing June 11)
• Shares sold: 555.6 million
• Total raise: $75 billion
• Implied valuation: $1.77 trillion
• Ticker: SPCX on Nasdaq
• Retail allocation: approximately 30% of offering
• Trading start: June 12, 2026

Why It Matters for Investors

SpaceX becomes eligible for Nasdaq-100 inclusion within 15 trading days of its debut. The Nasdaq-100 is tracked by QQQ, the most widely held ETF in the world with roughly $280 billion under management. Inclusion triggers automatic purchasing by every passive fund benchmarked to the index.

At $1.77 trillion, SpaceX would rank among the five largest Nasdaq constituents by market capitalisation. Index rebalancing redistributes weights across all existing holdings, affecting passive investors who made no deliberate choice about the stock.

Investors holding Nasdaq-100 ETFs will gain implicit SpaceX exposure through index mechanics alone.

What to Watch

Two events in the next 48 hours:

• Thursday evening, June 11: Final IPO price confirmed. Any revision from $135 signals whether demand from institutional buyers exceeded or fell short of supply during the roadshow.
• Friday morning, June 12: Open-market trading begins. First-day price action reflects allocation imbalances from the roadshow and early sentiment among buyers who received shares.

SpaceX's debut arrives as OpenAI and Anthropic are both reported to be targeting public markets before the end of 2026. SPCX's performance in early trading will influence appetite for that pipeline.

Portfolio trackers that consolidate public market holdings will capture SPCX performance automatically from the first day of trading.