LAST REVIEWED: 12 JUNE 2026
TL;DR: SpaceX listed on Nasdaq (ticker: SPCX) on 12 June 2026 at $135 per share, raising $75 billion in the largest IPO in history. Shares surged more than 25% on debut, valuing the company at over $2 trillion. UK investors can access SPCX through US-share dealing accounts, though currency risk and platform eligibility vary.
SpaceX began trading on the Nasdaq stock exchange on 12 June 2026 under the ticker symbol SPCX, completing the largest initial public offering ever recorded. The company, founded by Elon Musk in 2002, priced its shares at $135 each and raised approximately $75 billion in the float, surpassing Saudi Aramco's 2019 record of $29 billion.
By midday on the opening day, SPCX shares had crossed $170, pushing the company's market capitalisation above $2 trillion and making Elon Musk the world's first trillionaire by personal net worth.
What SpaceX Does
Space Exploration Technologies Corp operates across three main business segments. Its launch division uses reusable Falcon 9 and Falcon Heavy rockets to carry satellites and crew to orbit. Its Starlink satellite internet division provides broadband connectivity to more than 5 million subscribers in over 70 countries. The company is also developing Starship, a fully reusable heavy-lift rocket intended for missions to the Moon and Mars.
The company reported net losses in recent quarters as it invests heavily in Starship development and Starlink expansion. Full-year revenue for 2025 was not disclosed in the IPO filing, though Starlink alone is understood to generate several billion dollars annually.
The Listing Details
SpaceX's IPO was underwritten by five major Wall Street banks, including Morgan Stanley, Goldman Sachs, and JPMorgan. The offering was structured as a sale of Class A shares, which carry standard voting rights. Elon Musk retains significant control through Class B and Class C shares that carry enhanced voting power.
The listing followed months of preparation referred to internally as Project Apex. Early pre-market indications through perpetual futures contracts on crypto exchange Hyperliquid had pointed to strong demand ahead of the debut.
What This Means for UK Investors
UK retail investors can buy SPCX through any brokerage platform that offers access to US-listed equities. Common options include platforms such as Hargreaves Lansdown, AJ Bell, Interactive Brokers, and Freetrade. Not all platforms make newly listed shares available on the first trading day, so checking with your provider is advisable.
Purchasing US-listed shares from the UK involves currency conversion. The share price is denominated in US dollars, and buyers pay in sterling, meaning the effective cost and any returns are affected by the pound-to-dollar exchange rate at the time of dealing and eventual sale.
SPCX shares held in a Stocks and Shares ISA would shelter any UK capital gains tax liability on profits, though ISA eligibility depends on whether the platform lists the stock as ISA-eligible. US dividend withholding tax at 15% would apply to any future dividends, though SpaceX does not currently pay a dividend.
Key Risks
Any investment in SPCX carries risks. SpaceX is a capital-intensive business that has reported recent net losses. Its valuations rest heavily on projections for Starlink subscriber growth and future Starship revenue, neither of which is guaranteed. The company faces competition from Amazon's Project Kuiper and from government-backed launch programmes in Europe, China, and India.
Regulatory risk is also relevant. SpaceX's launch contracts with NASA and the US Department of Defense represent a significant share of revenues, and changes in US government spending or procurement policy could affect those income streams.
The large first-day price move means early buyers paid a significant premium to the IPO price. Post-IPO lock-up expiry periods, when insiders become free to sell shares, can create downward price pressure several months after listing.
Frequently Asked Questions
Can UK investors buy SpaceX shares?
Yes. SPCX is listed on the Nasdaq and is accessible through UK brokerage platforms that offer US share dealing. Eligibility varies by platform and some may not list the stock as ISA-eligible on launch day.
What is the SpaceX share price today?
SPCX priced at $135 per share at IPO on 12 June 2026 and rose more than 25% on its first day of trading. Live prices are available via Nasdaq and major financial data providers.
Does SpaceX pay a dividend?
No. SpaceX does not currently pay a dividend. The company is in an investment phase and retains earnings for operations and development.
Is SpaceX profitable?
SpaceX has reported net losses in recent quarters due to heavy capital expenditure on Starship development and Starlink expansion. Its Starlink division is understood to generate positive cash flow, though the company does not publish detailed segment profitability.
