The countdown begins for what could be the largest initial public offering (IPO) ever.

12 June 2026 marks a historic milestone: SpaceX, Elon Musk’s revolutionary aerospace and technology company, is set to go public. The promotional phase for what may become the largest initial public offering (IPO) in history started on 4 June 2026. During this period, SpaceX will formally disclose the key details of its upcoming stock market listing, including share structure and pricing. Early projections already suggest that the company’s valuation metrics could reach unprecedented levels, driven by SpaceX’s leading position in space exploration, satellite technology, and global connectivity.

Expected listing date: 12 June 2026
Exchange: Nasdaq (Ticker: SPCX)
Expected pricing date: 11 June 2026
Expected IPO price: $135 per share
Targeted capital raise: $75 billion
Valuation: ~ $1.75 trillion
Voting structure: Elon Musk retains approximately 82% voting control via dual-class shares

What is SpaceX?

SpaceX (Space Exploration Technologies Corporation) was founded in 2002 by Elon Musk with the mission to make space exploration more accessible and sustainable. It has evolved into a diversified tech and infrastructure giant with multiple high-growth segments:

Aerospace: Best known for its reusable rockets, SpaceX has transformed the space industry by drastically reducing launch costs through innovations like the Starship, the Falcon 9, and the Falcon Heavy rockets.
Connectivity: The company’s Starlink division operates the world’s largest satellite internet constellation, providing high-speed broadband to over 10 million subscribers globally.
Artificial intelligence: AI integration through SpaceX’s merger with xAI (including the Grok chatbot), positioning the company at the intersection of space and artificial intelligence.

With deep ties to NASA, the U.S. military, and commercial spaceflight, SpaceX has become a dominant force in satellite deployment, space tourism, and next-generation AI infrastructure – including plans for orbital data centers. With revenue exceeding $18 billion in 2025 and aggressive expansion plans, SpaceX’s IPO is a bet on the future of space economies, AI, and global connectivity.

Risks to watch

Post-IPO volatility: Early trading may see wild swings (e.g., Tesla’s 2010 IPO surged then corrected).
Macro vonditions: Interest rates, geopolitical tensions (e.g., U.S.-China space race).
Technical setbacks: Starship failures or Starlink growth slowdowns could pressure the stock.
Competition: Amazon’s Project Kuiper and Blue Origin are ramping up.

SpaceX is not yet consistently profitable – the company posted a $1.94 billion operating loss in the first quarter of 2026 – so investing in the company carries significant risks and does not guarantee returns.

Trading with leveraged products

BNP Paribas Markets will offer Mini-Futures and Knock-Out Warrants on SpaceX shares as soon as trading begins - initially limited to long products.
Warrants will be added to the product range later.

Sources: sec.gov, spacex.com, reuters.com.

For more insights, read Egmond Haidt’s article on SpaceX’s upcoming IPO.

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