SpaceX Stock (SPCX) Opens for Trading June 12 at $1.77T Valuation

HAWTHORNE, Calif. — SpaceX is days away from completing its transformation into the most valuable company ever to go public. The rocket and satellite company founded by Elon Musk in 2002 is set to begin trading on the Nasdaq under the ticker symbol SPCX on Thursday, June 12, 2026, following a pricing event scheduled for the evening of June 11.

The Numbers Are Historic

The offering, priced at $135 per share, will see SpaceX sell 555.6 million shares and raise approximately $75 billion — more than triple the previous record set by Saudi Aramco's $29 billion IPO in 2019. At the offering price, SpaceX carries a market capitalization of $1.77 trillion, placing it seventh among all U.S.-listed companies by market cap and above Tesla, which currently trades at approximately $1.6 trillion.

SpaceX filed its S-1 with the SEC in April 2026, launching a formal roadshow the week of June 4 that drew overwhelming investor interest. The company also opened a dedicated IPO website for retail investors at spacexipo.com, giving individual buyers their first opportunity to participate directly before shares begin secondary market trading.

A Business Built for Longevity

The IPO prospectus reveals a company with a diversified and rapidly growing revenue base. Starlink, SpaceX's satellite internet service, generated $11.4 billion in revenue in 2025, representing 61% of the company's total revenue. In the first quarter of 2026, Starlink's share of total revenue rose further to 69%, reflecting continued subscriber growth globally as the constellation expands to cover underserved markets across Africa, Asia, and remote regions of the Americas.

SpaceX's launch business remains the most productive commercial launch operation on Earth, with Falcon 9 completing more orbital missions than all other launch providers in the world combined. Starship, the company's fully reusable super-heavy launch system, is preparing for its 13th integrated test flight — a development milestone that investors expect will unlock a new class of high-margin payloads including in-space manufacturing, satellite mega-deployment, and eventually crewed missions to the Moon and Mars.

Musk Retains Commanding Control

Despite the massive capital raise, Elon Musk will retain over 82% voting control of SpaceX following the offering, ensuring the company's long-term strategic direction remains in his hands. The dual-class share structure, standard for founder-led technology companies, means public shareholders will have limited influence over major corporate decisions — a trade-off that SpaceX made clear in its S-1 disclosures.

Major institutional investors including BlackRock are expected to anchor significant portions of the offering. The U.S. Securities and Exchange Commission completed its review of SpaceX's filing ahead of schedule, allowing the company to move up its timeline and price in June rather than waiting for the traditional fall IPO window.

What June 12 Means for Markets

Wall Street analysts note that SPCX's first trading day could set records in multiple categories: the largest dollar-value IPO, the highest opening-day market cap for a newly listed company, and potentially the largest first-day gain in absolute dollar terms if shares trade significantly above the $135 offer price. Historical data shows that the average U.S. IPO has gained approximately 30% on its first day of trading since 2020.

Retail investors who did not receive allocations through the IPO process will be able to buy SPCX on the open market beginning at 9:30 a.m. Eastern Time on June 12. Given the demand signals from the roadshow, early trades could price significantly above the $135 floor.

For Elon Musk personally, a successful SPCX debut would put him on track to become the world's first trillionaire — a milestone that seemed theoretical a year ago but now appears a matter of when, not if.