SpaceX’s ticker symbol SPCX is set to debut on the Nasdaq tomorrow, June 12, 2026, after the company priced its record-breaking initial public offering at $135 per share.
The $135 share price means SpaceX will raise approximately $75 billion from the offering, valuing the company at roughly $1.75 to $1.77 trillion. This makes the space and satellite company’s IPO the largest in history, surpassing Saudi Aramco’s 2019 offering, which raised $25.6 billion at a $1.7 trillion valuation.
SpaceX will offer 555.6 million shares on the Nasdaq, with the company granting underwriters an option to purchase an additional 83.3 million shares over the next 30 days. The offering is described as an “all-primary” IPO, meaning all proceeds go to the company rather than existing shareholders.
The IPO has drawn extraordinary demand from investors. According to reports, retail investor orders alone exceeded $100 billion, and the overall offering was oversubscribed more than four times. This level of interest reflects confidence in SpaceX’s business model, which generates revenue from its Starlink satellite internet service and commercial space launch operations.
Valuation Debate and Analyst Views
Not all Wall Street observers agree on SpaceX’s valuation. Morningstar analysts believe the company is “significantly overvalued” at the $1.75 trillion price tag. David Trainer, CEO of research firm New Constructs, has called SpaceX’s valuation “mathematically indefensible,” arguing the company would need to grow at rates no other enterprise has achieved to justify the IPO price.
Other analysts have offered more bullish assessments. Some see potential for the stock to reach higher valuations if SpaceX successfully expands its satellite internet business and achieves profitability targets. The company reported 2025 revenue of $18.7 billion, representing 33% year-over-year growth, though it posted a net loss of nearly $5 billion that year.
The IPO’s timing and structure have drawn attention for breaking from traditional practices. SpaceX set a fixed price of $135 rather than offering a price range, a move that defied convention. The company is also allocating approximately 30% of shares to retail investors, a strategy analysts note targets individual traders.
SpaceX’s tiny float—less than 5% of total shares—positions the stock for potential volatility in early trading. Analysts have warned that investors should expect large swings in the months following the debut, particularly as lock-up periods expire and insiders become eligible to sell.
Sources
- Reuters — IPO pricing at $135 per share, $75 billion raise, June 12 Nasdaq debut under ticker SPCX
- Yahoo Finance — IPO price confirmation, trading date, and market context
- CNBC — Valuation details, analyst commentary on overvaluation concerns
- The New York Times — IPO pricing and largest IPO in history comparison
- Investing.com — Saudi Aramco IPO comparison and historical context
- Weiss Ratings — Saudi Aramco 2019 IPO details for comparison
- Fortune — Analyst commentary on valuation and market expectations
