When does SpaceX go public?

SpaceX is targeting pricing on Tuesday, June 11, 2026, with first trading on Wednesday, June 12, 2026, on Nasdaq under the ticker SPCX. The target price is $135 per share, valuing SpaceX at approximately $1.77 trillion and raising about $75 billion — which would make it the largest IPO in history, more than double the previous record.

How can a retail investor buy SpaceX (SPCX) on day one?

Open or use a brokerage account with Schwab, Fidelity, Robinhood, Interactive Brokers, or Webull and place a limit order for SPCX on the morning of Wednesday, June 12, 2026. Day-one orders often fill at a meaningful premium to the IPO price — set a limit order, not a market order, to avoid being filled at a $200+ spike. Some brokers (SoFi, Robinhood) may offer IPO allocations to qualifying retail investors.

Is SpaceX overvalued at $1.77 trillion?

Wall Street is split. Bull case: Starlink alone has 8+ million subscribers and ~$15B run rate, with rapid AI-data-center bandwidth growth; Starship enables a multi-trillion launch market; xAI/Colossus integration adds AI-infrastructure exposure. Bear case: some analysts argue fair value is closer to $850B–$1T, citing limited free cash flow, capex intensity, and Musk key-person risk. The roadshow priced firmly above many models, suggesting strong institutional demand.

Will SpaceX IPO before Anthropic?

Yes. SpaceX trades on Nasdaq starting June 12, 2026. Anthropic filed a confidential S-1 on June 1, 2026 but bankers expect the listing in October 2026. SpaceX will list roughly four months earlier, making it the first of the 2026 AI-infrastructure IPO wave, followed by Anthropic in the fall and (possibly) OpenAI in 2027.

Quick Answer

SpaceX IPO June 11 2026: How to Buy SPCX Day One

Published: June 8, 2026

SpaceX IPO June 11 2026: How to Buy SPCX Day One

SpaceX prices its IPO on Tuesday June 11, 2026 and debuts on Nasdaq under SPCX on Wednesday June 12, 2026. At a $135 target share price and a $1.77 trillion valuation, this will be the largest IPO in history. Here’s how to participate as a retail investor — and what to watch.

Last verified: June 8, 2026

The numbers

Item	Value
Ticker	SPCX
Exchange	Nasdaq
Pricing date	Tuesday, June 11, 2026
First trading day	Wednesday, June 12, 2026
Target share price	$135
Implied valuation	~$1.77 trillion
Capital raised	~$75 billion
Previous record IPO	Saudi Aramco 2019 (~$29.4B)

How retail investors can buy SPCX

Path 1 — Day 1 open market (most realistic)

Step	What to do
1	Open or fund a brokerage account: Schwab, Fidelity, Robinhood, Interactive Brokers, Webull, SoFi
2	On June 12, 2026 around market open (9:30am ET), place a limit order — not a market order
3	Set your limit based on premarket and indicated open — likely $150–$200+ if hype holds
4	Watch for the first 15-minute auction; volatility will be extreme
5	Decide your hold horizon up front (day trade vs long-term)

Critical: Never place a market order on a hot IPO day. The first prints can spike 40%+ before settling.

Path 2 — Pre-IPO allocation (rare for retail)

Broker	Offers IPO allocations?
SoFi	Yes (limited, account history required)
Robinhood IPO Access	Yes (lottery-style)
Fidelity	Sometimes for premium clients
Schwab	Limited
Interactive Brokers	Yes, with conditions

Realistic expectation: Allocations for SPCX will be heavily oversubscribed. Most retail orders will be cut or filled in tiny amounts.

Path 3 — Proxy exposure (already trading)

Before day one, you can already get partial SpaceX exposure via:

Proxy	How
Destiny Tech100 (DXYZ)	Closed-end fund with SpaceX shares; trades at a premium
ARK Venture Fund (ARKVX)	Holds SpaceX
Baron Partners (BPTRX)	Cathie Wood-adjacent fund with SpaceX exposure
Google (GOOGL)	Significant Anthropic stake and indirect SpaceX/AI infrastructure exposure

These are diluted exposure and trade at premiums — not a substitute for SPCX itself.

What the S-1 actually showed

From the public S-1 filed in late May:

Starlink subscribers: 8.1M+ (vs 6.5M end of 2025)
Starlink revenue: ~$15B run rate
Launch revenue: ~$11B, growing fast
Total revenue 2025: ~$27B
Net income: Roughly breakeven; capex still heavy on Starship
Key risks: Musk key-person, FAA/regulatory, AI-data-center demand cyclicality
AI angle: xAI/Colossus partnership, AWS Anthropic-Spacex deal, AI bandwidth growth via Starlink

Day-one risks

Risk	Likelihood
Pop of 20–50% then fades within weeks	High
Sharp opening spike to $200+, drops back to $140s by week 2	Medium
Quick negative day if market sentiment turns	Low
Trading halts on extreme volatility	High at the open

Recent comparables:

IPO	Day 1 move
Klarna (Jul 2025)	+21%
Cisco (1990)	+69%
Google (2004)	+18%
Facebook (2012)	−11%
Snowflake (2020)	+112%
Saudi Aramco (2019)	+10% but mostly retail Saudi

The AI infrastructure angle (why this is an AI story)

The headline is “rockets,” but SpaceX’s IPO is being priced like an AI infrastructure company because:

Starlink + Colossus — SpaceX co-built xAI’s Colossus 2 data center; Starlink provides bandwidth to remote AI training sites
Anthropic-Spacex deal — Anthropic uses Spacex Colossus for training runs (announced May 2026)
Power and land — SpaceX is acquiring land and energy capacity adjacent to its launch sites for AI data centers
xAI integration — Grok models train on xAI compute that is increasingly SpaceX-built infrastructure

That AI angle is why bulls argue $1.77T is justified.

How SPCX changes the AI IPO race

IPO	Pricing	Listing	Status
SpaceX	June 11, 2026	June 12, 2026	Confirmed
Anthropic	Aug–Sep 2026 (est)	October 2026 (est)	S-1 confidential, filed June 1
OpenAI	TBD	Likely 2027	Discussed only
Stripe	TBD	2027	Rumored

SPCX is the first one. It sets the tone for Anthropic in October and OpenAI later. If SPCX pops hard, Anthropic raises its IPO range. If SPCX flops, expect Anthropic to delay.

Bottom line: what to do this week

If you…	Do this
Want to own SPCX long-term	Place a limit order at $135–$160 on June 12
Want day-one upside only	Limit order, set sell at +30%, walk away
Are uncomfortable with IPO volatility	Wait 30 days for the dust to settle
Want diversified AI infrastructure exposure	Mix SPCX (small position), GOOGL, AMZN, NVDA
Are not an accredited investor	Skip pre-IPO secondary platforms — too much fee leakage

Set a calendar reminder for Wednesday, June 12, 2026, 9:30am ET. That’s when the biggest IPO in history starts trading — and it’s both a rocket company and a frontier AI infrastructure stock.