Overview
- SpaceX has fixed an IPO price of $135 per share to sell roughly 555.6 million shares and plans to list around June 12 in a sale that would raise about $75 billion and value the company near $1.75–1.77 trillion.
- Bookbuilding has shown very strong demand with reports of roughly $150 billion of investor interest, leaving the deal materially oversubscribed and creating allocation pressure for institutional and retail buyers.
- Regulatory filings reveal high‑value AI contracts including a deal with Google that would pay $920 million per month from October 2026 to June 2029 and an earlier Anthropic agreement for about $1.25 billion per month, each subject to staged delivery deadlines and cancellation rights if SpaceX misses GPU delivery targets.
- S&P Dow Jones Indices will keep its 12‑month waiting and profitability rules so SpaceX cannot join the S&P 500 for at least a year after listing while Nasdaq and FTSE Russell have shortened their waiting periods, producing divergent passive‑flow outcomes.
- European retail platforms such as Trade Republic are offering pre‑IPO subscription access to some customers but limited float, SpaceX’s 2025 net loss of about $4.9 billion, and contract delivery risks mean many individual investors may face small allocations or execution uncertainty on debut.