Stock Markets June 11, 2026 03:49 PM

SpaceX Sets IPO Price at $135; Nasdaq Listing Scheduled for June 12, 2026

Offering of 555,555,555 Class A shares priced to raise about $75 billion; overallotment could boost proceeds to $86.25 billion

By Sofia Navarro
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Space Exploration Technologies Corp. priced its initial public offering at $135 per share, covering 555,555,555 Class A common shares, with trading expected to begin on June 12, 2026, on the Nasdaq Global Select Market and Nasdaq Texas under the ticker SPCX. The base sale would generate roughly $75 billion, and an underwriter over-allotment option could raise that figure to as much as $86.25 billion. The transaction is slated to close on June 15, 2026, subject to customary closing conditions.

SpaceX Sets IPO Price at $135; Nasdaq Listing Scheduled for June 12, 2026
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Key Points

  • SpaceX priced its IPO at $135 per share for 555,555,555 Class A shares, with trading expected to begin June 12, 2026, under ticker SPCX.
  • The base offering is projected to raise about $75 billion; full exercise of the 30-day underwriter over-allotment option could increase total proceeds to roughly $86.25 billion.
  • Major global banks are serving as book-running managers and a broader syndicate of co-managers is supporting the offering - implications for capital markets and financial services sectors.

Space Exploration Technologies Corp. has set the price for its initial public offering at $135 per share for 555,555,555 shares of Class A common stock, the company announced. The shares are expected to start trading on June 12, 2026, on the Nasdaq Global Select Market and on Nasdaq Texas under the ticker symbol "SPCX."

The firm said the offering is scheduled to close on June 15, 2026, subject to customary closing conditions. As part of the offering terms, underwriters have been granted a 30-day option to buy up to 83,333,333 additional shares at the IPO price.

If the base portion of the offering is sold in full, SpaceX would raise approximately $75 billion. Should the underwriters exercise their full over-allotment option, the total proceeds could increase to about $86.25 billion.

Leading the deal as book-running managers are:

  • Goldman Sachs & Co. LLC
  • Morgan Stanley
  • BofA Securities
  • Citigroup
  • J.P. Morgan
  • Barclays
  • Deutsche Bank Securities
  • RBC Capital Markets
  • UBS Investment Bank
  • Wells Fargo Securities

A separate group of firms is listed as additional co-managers on the transaction. Those firms are: Allen & Company LLC, Cantor, Needham & Company, Raymond James, Societe Generale, Stifel, William Blair, BTG Pactual, ING, Macquarie Capital (USA) Inc., Mirae Asset Securities, Mizuho, and Santander.


Details provided by the company indicate the timing and mechanics of the offering but leave certain execution steps conditional. The planned exchange debut, the closing date, and the underwriters' 30-day allotment option are all integral elements that will shape the final size of funds raised.

Investors and market participants will watch the Nasdaq listings on June 12, 2026, and monitor whether the underwriters exercise the additional share option within the 30-day period following the offering. The scheduled closing on June 15, 2026, remains contingent on standard closing requirements.

Risks

  • The offering's closing is subject to customary closing conditions, creating uncertainty around whether the transaction will complete on the scheduled close date - this affects capital markets and investor allocations.
  • The final amount of capital raised depends on whether underwriters exercise their 30-day option to purchase up to 83,333,333 additional shares at the IPO price; proceeds could therefore vary significantly and influence financial market liquidity.
  • Market reception at the Nasdaq debut will determine immediate trading dynamics for SPCX and could impact related market segments such as investment banking and equity trading, depending on demand and order flow.

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