SpaceX’s initial public offering (IPO) is set to begin trading on Nasdaq on Friday, June 12, 2026, under the ticker SPCX [1, 2]. The IPO's share price is fixed at $135, valuing the company at nearly $1.75 trillion [2].
The offering has drawn strong demand from institutional investors, who placed approximately $10 billion in orders during the institutional phase, which is expected to close on Wednesday, June 10 [1]. Retail investors will still have the opportunity to place orders after the institutional period ends [1].
The large influx of demand for SpaceX shares has led some other technology stocks to experience a temporary dip in price, as investors move cash to cover their SpaceX purchases [2].
Reports on June 9 confirmed that the IPO was well oversubscribed and institutional investors remained actively placing orders [1]. The company’s large valuation and investor appetite underscore the market’s excitement about SpaceX’s future prospects.
Share trading will officially kick off on June 12 as planned, marking one of the largest tech IPOs to date [1, 2].
