SpaceX IPO 2026: $75bn debut values firm at $1.77tn

Nasdaq debut set for June 12

SpaceX is set to begin trading on Nasdaq on Friday, June 12, 2026, in what is being described as the world’s biggest initial public offering. The listing is being watched closely because it combines a rare public float in a long-private company with a record fundraising figure. Reports in the live coverage peg the valuation around $1.77 trillion, with some references also placing it near $1.75 trillion to $1.8 trillion. The company will trade under the ticker symbol SPCX. Trading is scheduled to start at the US market open.

What SpaceX sold in the IPO

SpaceX confirmed it raised $15 billion by selling 555 million-plus shares to investors at a fixed offer price. Multiple figures were cited for the share count, including 555,555,555 shares and about 555.6 million shares, both aligned with the same total proceeds at the given offer price. The IPO price was set at $135 per share, and the transaction is repeatedly described as the largest IPO on record. SpaceX’s public listing comes after nearly two and a half decades as a private company.

Key timing for Indian investors

For Indian investors tracking the listing, the start time was clearly mapped to Indian Standard Time in the coverage. The shares are expected to begin trading at 9:30 AM Eastern Time (ET), which corresponds to 7:00 PM IST on June 12. The live update notes that it can take several hours after the opening for a stable live trading price to become visible, because buy and sell orders are matched through an auction-like process at the open. That matters for retail participants who may be watching the first traded price rather than the IPO offer price.

How Indians can buy SpaceX shares

The live update coverage states that Indian retail investors are unlikely to receive direct allotment in the primary IPO. The reason cited is structural: US book-building does not use a system similar to India’s ASBA-based retail allotment approach. As a result, the practical route highlighted is buying shares in the secondary market after listing. The article lists two access routes for Indian residents.

First, international brokerages that allow Indians to invest in US stocks under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS). Second, NSE IX (GIFT City), where access to US stocks may be possible subject to broker availability. The emphasis in the coverage is on accessibility after listing rather than pre-IPO participation.

Underwriters, overallotment, and lock-in

Goldman Sachs is named as the lead underwriter for the offering. The coverage also mentions a 30-day overallotment option for underwriters to purchase up to 83,333,333 additional shares at the IPO price. After listing, the IPO lockup period is stated as 180 days. These details are important because they govern supply dynamics after the debut and the timing of when certain shareholders may be able to sell.

Musk’s stake and control after listing

According to the IPO disclosures referenced in the live updates, Elon Musk is expected to maintain control of 82% following the market introduction. The coverage also ties the IPO pricing to Musk’s net worth. One update, citing Forbes calculations, states that the IPO has lifted Musk’s net worth to roughly $182 billion.

Early analyst commentary in the live coverage

The live updates include an example of early street commentary. Oppenheimer initiated coverage with an “outperform” rating and a target price of $190. The report also frames SpaceX’s trading debut as a market signal for other anticipated large offerings, specifically mentioning OpenAI and Anthropic in the coming months. These references were presented as context for market attention rather than as a forecast of what SpaceX will do on day one.

Why the open could take time

The update notes that even after trading formally begins at 9:30 AM in New York, the first widely visible trading levels may not appear immediately. It attributes this to reconciliation of a heavy volume of orders through a mechanism resembling an auction. It also notes that only a small portion of SpaceX shares are being offered for sale in the IPO, describing it as only slightly more than 4% of shares. The implication presented is that tight float plus strong demand can make early price discovery volatile.

Key facts at a glance

Market impact and what investors are watching

In market terms, the headline impact is the scale: a $15 billion fundraising and a valuation around $1.77 trillion put SpaceX among the most significant publicly traded companies by size immediately on debut, based on the figures cited. For investors, the offer price of $135 is a reference point, but the actual traded price depends on the opening match and subsequent liquidity. For Indian investors specifically, the immediate practical impact is that the IPO is positioned as “out of reach” in primary allotment terms, making post-listing purchase via LRS-enabled international platforms or GIFT City the core access routes mentioned.

Conclusion

SpaceX’s Nasdaq debut on June 12, 2026 under SPCX follows a record IPO priced at $135 that raised $15 billion and values the company around $1.77 trillion. Trading begins at 9:30 AM ET, or 7:00 PM IST, with the offering expected to close on June 15, 2026, subject to customary conditions. Investors will also track the 30-day overallotment window and the stated 180-day lockup timeline as the listing moves from opening auction to regular trading.