Trying to decide if or when to participate in SpaceX's initial public offering?

Here's our independent analysis of what's known, unknown and options for your next move. 

 

Note: A lot of what we cover will be relevant for IPOs in the 2026 pipeline, including OpenAI and Anthrophic.

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First, don’t buy or not buy SpaceX stock based on how you feel about Elon Musk. Rather, consider your personal goal in buying, and whether and when you need the funds you plan to invest. Then consider the past price movement of IPOs of high-profile companies, the price at which you are likely to be able to buy on the first day of trading as a retail investor and IF you believe there may be a “better” time to buy. Below are a few knowns and unknowns to help you reach a smart decision for you and if you do decide to buy - now or in the future, links to make it easier. 

 

If you decide you want to participate in the IPO, SpaceX has selected five brokerage platforms to distribute the 30% retail share allocation at the fixed price of $135:

 

• Fidelity Investments

• Charles Schwab

• Robinhood Markets

• SoFi Technologies

• E*Trade

 

These platforms are currently collecting requests from their customers – Indications of Interest (IOI). If you have an account with one of these five, get in touch with your broker and find out if you are eligible to request shares before they start trading on Nasdaq.

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THE KNOWN​

1.      SpaceX is going public = its shares will be listed on Nasdaq (stock exchange)under the symbol $SPCX.

2.      The target IPO date is June 12, 2026, with the “roadshow” (marketing plan) to begin June 4, 2026.

3.      SpaceX has announced a fixed IPO price of $135/share for ~ 555.6 million shares.  

4.      SpaceX has taken two unusual steps:

 

• Setting a single, non-negotiable price before its official roadshow begins. Traditionally, companies provide a price range (e.g., $130–$140) and finalize the exact price only after seeing how much demand there is during the roadshow. SpaceX has bypassed this "price discovery" process by declaring a flat $135.

 

• Allocating up to 30% of its IPO shares for retail investors. Most companies only reserve 5% to 10% of their IPO offering for individual investors.

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Importantly, the price at which shares of SpaceX will start publicly trading and become available to most retail investors – the Opening Price, may still be significantly higher than the SpaceX announced price. The Opening Price on Nasdaq will be determined by supply and demand, not SpaceX.

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5. The official “roadshow” which traditionally gauges demand starts today, BUT trading in SpaceX pre-IPO perpetuals started trading on exchanges outside the United States in May 2026. In short, a Pre-IPO perpetual is a synthetic derivative that is designed to track the expected price of an IPO before it goes public. The price of pre-IPO SpaceX perpetuals has ranged from $150 (its reference price) to $216 and are currently trading around $172.50 (6/4/26 @ 3:00PM EST) implying a $2.2 trillion valuation.

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6.    Selling shares at $135 each would raise $75.6 billion for SpaceX – and value the company at $1.75 Trillion. The gap between SpaceX's official price and the highs of its perpetual at ~$200 is $450 billion. Whether this spread reflects genuine buying interest or is the result of speculative trading in a new and thinly liquidated market is unknown.

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7.      This IPO may be the largest public offering in market history. SpaceX will offer ~ 555.6 million shares (555.6*135=$75.6 billion).

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​THE UNKNOWN​

1.      At what price will SpaceX open on Nasdaq ?

2.      At what price will YOU be able to buy?

3.      What will be the “day one” trading / price action?

4.      Where will the price settle during the first month? The first year? During your personal time horizon? And what is your tolerance for price volatility?

5.      Will you have a “better” opportunity to buy if your goal is to hold the stock?

History suggests that even highly anticipated IPOs can and have experienced significant post-listing volatility. The table below reflects Opening Price versus the current market price as of June 4, 2026 of recent high-visibility IPOs (2024-2026).

Opening Price (retail) versus Current Market Price (as of 6/4/2026)

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​Astera Labs and Reddit have seen massive gains, but despite a 250% pop on the first day of trading – opening at $90 vs $33 IPO price, Figma has fallen nearly 75% below its retail price. In the case of Meta fka Facebook the stock opened at $42 on its first day of trading in May 2012, only to reach a low of $17.55 months later in September 2012, before reaching its current 1,300% return from its IPO.  Many investors were unprepared to hold their position during the decline and lost out on the exponential upside. It is always important to know your risk tolerance and financial needs before investing, and sometimes it can be worth giving up a bit of gain to avoid a great deal of volatility.

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If SpaceX opens near $2 trillion, history – which cannot foretell the future, indicates that waiting through any post-IPO drawdown may be a better move for most investors. Importantly, past patterns are not predictors, and it is possible that SpaceX may behave like Visa rather than Figma or Twitter. It’s important to understand how massive the company’s valuation will be at IPO and what that means for both the company’s expected performance and the stock price in the future.

 

YOUR DECISION

Just like any investment decision, your decision on whether to buy shares in the IPO of SpaceX should reflect (1) your personal financial circumstances, (2) your goals, (3) your alternative uses for the money you plan to invest, (4) your debt, (5) your time horizon (how long you expect to hold the investment) and (6) your risk tolerance.

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Only you – and your financial advisor, can make a smart decision for you!