Overview
- SpaceX fixed its IPO price at $135 per share and will begin trading on Nasdaq under ticker SPCX on June 12, 2026, implying an initial market value of about $1.75–$1.77 trillion.
- Underwriters report roughly two times oversubscription with about $150 billion in indications of interest, though final allocations and pricing were still being set ahead of the sale.
- Elon Musk will retain overwhelming control through a dual‑class structure that gives Class B shares 10 votes each and about 85% of combined voting power.
- The company's 2025 results show $18.7 billion in revenue and a roughly $4.9 billion net loss driven by heavy capital spending on AI compute and Starship, while Starlink remains the main cash generator with about 10.3 million subscribers.
- Market mechanics raise short‑term risks: an unusually small free float, a large retail allocation near 30%, fast index‑eligibility rules that could force buying, and several analysts who say the headline valuation is likely too high and recommend caution.