SpaceX Prices IPO at $135 per Share for 555.6 Million Shares
SpaceX set its initial public offering price at $135 per share for 555,555,555 shares of Class A common stock. The shares are scheduled to begin trading on June 12 under the ticker SPCX.
benzinga.comSpaceX priced its initial public offering of 555,555,555 shares of Class A common stock at $135 per share on June 11, 2026. The offering values the company at $77 trillion at the start of trading. The shares are scheduled to begin trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12 under the ticker symbol SPCX.
The offering is expected to close on June 15, subject to customary closing conditions. SpaceX granted underwriters a 30-day option to purchase up to an additional 83,333,333 shares at the same price. The IPO is three times larger than the prior record.
SpaceX produced roughly $19 billion in revenue last year and has yet to generate a profit. Analysts at Morningstar value the company at $780 billion. SpaceX owns the X social media network. The company is expected to be added to the Nasdaq 100 Index 15 trading days after the offering begins.
SpaceX is expected to reserve roughly 30 percent of shares for individual retail investors, compared with closer to 10 percent in a typical IPO. Demand is expected to exceed supply, so many investors may receive only a fraction of the shares they request or none at all.
Dan Hanson, senior portfolio manager at Neuberger Berman, said investors should view SpaceX as a combination of its launch business, Starlink satellite internet network and artificial intelligence ambitions.
“This team is just getting started,” he said. Morningstar analysts wrote that they believe the company is overvalued given its financials. They noted the small initial float, broad bank participation, and fast index inclusion as factors that could support the share price in the near term.
Keith Snyder, senior equity analyst at CFRA Research, said companies once needed to be stable and established to join major indexes. “And these companies are about as far from stable as you can get,” he said of upcoming AI-related IPOs including SpaceX. He described the current IPO market as “top-heavy,” with strength concentrated in a few large offerings.
