⚡ Pricing June 11, 2026 📈 Trading June 12 on Nasdaq 🚀 Largest IPO in history

SPCX IPO: How to Buy
SpaceX Stock

SpaceX prices at $135/share on June 11, 2026 — trading begins June 12 on Nasdaq. This is your complete retail guide: which brokerages offer SPCX, how to place your order, and what to know before you buy.

$135
IPO Price / Share
June 11, 2026
$1.77T
Fully Diluted Valuation
~13.1B diluted shares
$75B
Raise (Record High)
Largest IPO in history
30%
Retail Allocation
3× the Wall Street norm
IPO Price
$135
per share · fixed
Pricing Date
Jun 11
evenings · ET
First Trade
Jun 12
market open · Nasdaq
Retail investors get 30% of the IPO allocation — three times the typical 10%. Register IPO access now with any major brokerage to participate at the offer price. After trading begins, SPCX is available to all.
Home / IPO Pipeline / SpaceX IPO / How to Buy SPCX

📊 SPCX IPO Pricing Recap

June 9, 2026 · Updated daily
Metric Value
IPO Price (per share) $135.00 — fixed June 11
Ticker Symbol SPCX — confirmed Nasdaq listing
Exchange Nasdaq (confirmed)
IPO Date (pricing) June 11, 2026 (evening)
First Trading Day June 12, 2026 (market open ~9:30 AM ET)
Fully Diluted Market Cap $1.77 trillion
Total Shares Offered ~555 million shares
Primary Raise $75 billion (largest in history)
Lead Underwriters Morgan Stanley (left-lead), Goldman Sachs, JPMorgan
Retail Allocation 30% of IPO (3× typical norm)
2025 Revenue $18.67B (+67% YoY)

🏦 Brokerages Offering SPCX

All major platforms — available day one

All seven major brokerages listed below offer SPCX on Nasdaq from the first trade on June 12. No special IPO access is needed for secondary market trading — just search ticker SPCX in your app after market open.

Charles Schwab
Best for long-term investors
Commission-free trades. IPO access available via Schwab IPO Center. Full Nasdaq market access on June 12.
Fidelity
Largest retail IPO access
Zero-commission. IPO access via Fidelity's IPO Platform. Strong research tools for SPCX fundamental analysis.
Robinhood
Largest retail user base
Commission-free. IPO access for eligible users. Simple mobile experience — best for first-time IPO investors.
E*TRADE (Morgan Stanley)
IPO access included
Commission-free. IPO access via E*TRADE's IPO dashboard. Strong link to SpaceX left-lead underwriter Morgan Stanley.
SoFi Active
Good for new investors
Commission-free. IPO access available. Active investing account with no minimum balance.
TD Ameritrade / thinkorswim
Best for active traders
Commission-free. IPO access via thinkorswim. Advanced charting useful for watching SPCX day-one volatility.
Webull
IPO access available
Commission-free. IPO access program for eligible accounts. Extended hours trading after day one.
Public.com
Fractional shares available
No commission. Fractional shares may be available post-day-one on secondary market. Check with Public support.
💡 IPO Allocation vs. Secondary Market
IPO access (at $135 offer price): To buy at the fixed $135 IPO price, you need to request shares through your brokerage's IPO access program before June 11. SpaceX's 30% retail allocation means more retail investors can access this than typical IPOs — but slots fill up fast.

Secondary market (from June 12): After trading begins, anyone with a standard brokerage account can buy SPCX at whatever price it trades. Use limit orders — not market orders — to control your price.

📋 How to Buy SPCX — Step by Step

Both IPO access and secondary market

  1. Open or fund your brokerage account

    Any major brokerage (Schwab, Fidelity, Robinhood, E*TRADE) works. Fund the account with enough cash to cover your intended purchase — minimum $135 for 1 share, plus any applicable fees. Accounts can be opened in under 10 minutes online.

  2. Request IPO allocation (optional — before June 11)

    If you want to buy at the $135 fixed offer price, go to your brokerage's IPO access dashboard (Schwab IPO Center, Fidelity IPO Platform, Robinhood IPO Access) and request shares. SpaceX's 30% retail allocation improves your chances vs. most IPOs. No guarantee of allocation — submit before June 10 if possible.

  3. Wait for pricing confirmation (evening June 11)

    SpaceX will confirm the final offer price the evening of June 11. If you received IPO allocation, you'll be notified and your shares will be placed at the offer price. If you didn't get allocation, you buy from the secondary market starting June 12.

  4. Search ticker SPCX on June 12

    When Nasdaq opens (~9:30 AM ET June 12), search "SPCX" in your brokerage. The stock will appear as "SpaceX Inc — SPCX" on Nasdaq. Note: some brokerages take 30–90 minutes after market open to list new IPO stocks.

  5. Place a limit order — not a market order

    For first-day trading, always use a limit order, not a market order. A limit order lets you specify the maximum price you'll pay (e.g., $140) — you won't pay more than that. Market orders can execute at unexpectedly high prices during volatile IPO days. Set your limit slightly above your true maximum to ensure execution if the price gaps up.

  6. Hold for the long term — or set a stop loss

    SPCX will likely be volatile on day one. Decide before you buy: are you holding for years (SpaceX is a long-duration bet on Starlink, Starshield, and Starship) or are you planning to take first-day profits? If the latter, set a stop-loss or take-profit order at your target price. Don't trade emotionally — have a plan before market open.

⚠️ What to Know Before Buying SPCX at $135/share

Valuation · Voting control · Odd lot · Risks
📉 Valuation: Morningstar Estimates $780B — Half the IPO Price
Morningstar's fair value analysis places SpaceX at approximately $780 billion, roughly 44% of the $1.77 trillion IPO valuation. This doesn't mean the stock will drop — it means the IPO is priced aggressively relative to current fundamentals. SpaceX is growing fast ($18.67B revenue, +67% YoY), but the $1.77T valuation prices in significant future growth. If Starlink execution stumbles or Starship delays continue, the stock could trade below IPO price.
🔐 Musk's 82% Voting Control — You're a Minority Shareholder
Elon Musk controls approximately 82% of SPCX voting shares through supervoting Class B common stock. As a public shareholder, you own economic interest but zero governance power. Musk's voting control means: (1) board decisions don't require your approval, (2) future M&A or strategic pivots are his call, (3) retail shareholders have no recourse if Musk acts against minority interests. This is similar to Musk's structure at Tesla (TWTR 2022 takeover precedent). Factor this into your risk assessment.
📦 No Fractional Shares — Order in Whole Shares
SpaceX's IPO does not permit fractional shares in the primary offering. Every share counts as a full unit. Some brokerages may enable fractional secondary trading after day one, but don't count on it — if you want 0.5 shares, you'll need to buy 1 and hold the rest as cash. When placing limit orders, round to whole shares only.
🏛️ Odd Lot IPO — Institutional Priority May Affect Execution
SpaceX's IPO is structured as an odd lot (fewer than 100 shares per order), which is common for high-demand mega-IPOs. Institutional algorithms often give execution priority to round-lot orders (100+ shares). For retail investors placing small orders (<100 shares), your limit order may take longer to fill in the first hour of trading. Stay patient, keep your limit price, and don't raise your bid just to get filled faster.
📈 Day-One Volatility Is Expected — Plan Your Exit Before You Buy
Mega-IPOs like SPCX typically see significant first-day volatility. With 30% retail allocation, demand from regular investors may push the stock above $135 in early trading — but Morningstar's discount and Musk's voting control may cap institutional upside. Decide now: are you buying for a 3–5 year hold (Starlink monetization, Starship commercial flights, Starshield government contracts), or are you looking to take first-day profits? If it's the latter, set a take-profit order and don't second-guess it when the stock pops.

Key Risks Summary

Valuation Risk
IPO priced ~2× Morningstar fair value. Execution-dependent upside.
Governance Risk
82% Musk voting control. Minority shareholders have no governance power.
Lock-up Risk
Insider lock-up typically 90–180 days post-IPO. Large block sales may pressure price.
Political Risk
Musk's political footprint (DOGE, Trump admin) creates headline risk for institutional holders.
Execution Risk
Starship timeline, Starlink IPO spin-off plan, Starshield contract concentration.
Secondary Liquidity
$75B raise = large float. Price discovery may take weeks as institutional holders position.

📅 What Happens on SPCX Trading Day (June 12)

Expectation vs. reality

✅ What to Expect

  • First trade anywhere from 9:30 AM – 11:00 AM ET (Nasdaq IPO delay)
  • High-volume first 30 minutes — be patient with limit order fills
  • Large bid-ask spreads in first minutes — set a limit price and wait
  • Trading halts likely if stock moves >10% in 5 minutes
  • Schwab, Fidelity, Robinhood all listing simultaneously
  • Market makers balance order flow — no exact open price predictable

❌ Don't Expect

  • Immediate fill at or near $135 — price may gap up significantly
  • Stable price in first 60 minutes — volatility is normal
  • IPO allocation if you didn't request it before June 10
  • Market order execution at your intended price — use limits
  • Fractional share fills during primary trading
  • Short-term price direction predictability — this is a long-duration hold
💡 Long-Term Bull Case
SpaceX's fundamental bull case: Starlink has 5M+ subscribers and is approaching profitability, Starshield adds $2B+/year in government contracts, Starship's commercial launch cadence could open a new orbital economy, and the Anthropic Colossus compute deal adds a fourth revenue leg. At $1.77T, SpaceX is priced like a mature high-growth tech company — if Starlink hits 20M subscribers by 2028 and Starship launches 100+ times/year, the valuation could be justified. This is a 5–10 year hold, not a day-trade.

❓ SPCX IPO FAQs

Common questions — direct answers

What's the minimum to invest in SPCX?

$135 minimum — one share at the fixed IPO price of $135/share. If you buy on the secondary market after June 12, you can buy any number of whole shares. No fractional shares in the primary offering.

Can I buy SPCX on Robinhood on day one?

Yes. Robinhood offers IPO access for eligible users and lists all Nasdaq stocks from market open. Robinhood may take 30–90 minutes after 9:30 AM ET to show SPCX on day one. Submit your IPO access request before June 10 if you want allocation at the $135 offer price.

Is $135 a fair price for SPCX?

Morningstar estimates SpaceX fair value at approximately $780 billion — roughly 44% of the $1.77T IPO valuation. This doesn't mean SPCX will drop; it means the IPO is priced for future growth. SpaceX is the most valuable private company in history and the growth trajectory (Starlink, Starshield, Starship) justifies a premium for believers. For conservative investors, waiting 90 days post-IPO for the lockup expiry and price discovery may be wiser.

Will SPCX pop on day one like other IPOs?

"Pop" is uncertain. SpaceX's 30% retail allocation (3× typical) means more retail demand hits the market simultaneously, capping the institutional-first spike seen in most IPOs. Morningstar's discount to fair value may dampen institutional enthusiasm. The stock could trade up, down, or flat — no reliable prediction. Use limit orders and don't allocate more capital than you can afford to see tied up for 12+ months.

What happened to the pre-IPO secondary market price?

Secondary market transactions in private SpaceX shares traded between $200–$270 per share in 2025, implying valuations of $660B–$895B. The $135 IPO price was set well below this secondary range — a deliberate move to generate first-day demand and reward retail investors who participate in the allocation. If the secondary range holds, SPCX could open materially above $135 on June 12.

When should I sell SPCX?

There's no single right answer — it depends on your thesis and time horizon. If you bought for Starlink's satellite internet monetization (targeting 20M+ subscribers by 2028), hold until that thesis plays out. If you bought purely for the first-day pop, set a clear take-profit target (e.g., +20% or +30%) and exit when hit. Don't hold through a 10%+ drop hoping for a recovery without revisiting your thesis. The $1.77T valuation is expensive — any bad news (launch failure, Starship delay, Starlink competition) could cause a 20–30% drawdown quickly.