Last reviewed: 5 June 2026
SpaceX is targeting a Nasdaq listing on 12 June 2026, under the ticker SPCX, at a valuation of approximately $1.75 trillion. The offering would raise around $75 billion, which would make it the largest IPO in history.
## Key IPO facts
- Expected listing date: 12 June 2026
- Exchange: Nasdaq, ticker SPCX
- IPO price: $135 per share (confirmed 3 June 2026)
- Shares offered: 555.6 million
- Total raise target: $75 billion
- Valuation at listing: approximately $1.75 trillion
- Lead underwriter: Goldman Sachs (21 banks total)
- Retail allocation: 30% of float (three times the standard for a mega-cap IPO)
- Elon Musk ownership: 42% equity, 85% of voting rights
- Q1 2026 net loss: $4.28 billion
- Accumulated deficit: $41.3 billion
## Context: How does this compare to other IPOs? The current record for the largest IPO is held by Saudi Aramco, which raised $29.4 billion when it listed in 2019 and achieved a valuation of $1.7 trillion. SpaceX's planned raise of $75 billion would exceed that by more than 2.5 times. SpaceX filed a confidential draft S-1 with the US Securities and Exchange Commission on 1 April 2026. The S-1 was made public on 20 May 2026. ## What does SpaceX do? SpaceX is a private aerospace company founded by Elon Musk in 2002. Its main revenue streams are: - **Starlink** - satellite internet service, operating over 6,000 satellites in low Earth orbit - **Launch services** - Falcon 9, Falcon Heavy and Starship rockets for commercial and government customers including NASA - **Crew transportation** - Crew Dragon carries astronauts to the ISS under a NASA Commercial Crew contract Starlink has been the primary driver of revenue growth and is expected to account for the majority of SpaceX's commercial income at the time of listing. ## Can UK investors participate? The SpaceX IPO is a US listing on Nasdaq. UK retail investors can typically access US-listed shares through a UK broker that offers access to US markets, subject to the platform's eligibility rules and any applicable investor classification requirements. The 30% retail allocation is unusually large for a listing of this size. Standard mega-cap IPOs typically reserve closer to 10% for retail. Access during the IPO period itself - at the $135 offer price - is generally limited to institutional investors and clients of the 21 underwriting banks. After listing, shares can be bought and sold on Nasdaq in the normal way through a broker with US market access.
