SpaceX IPO Launches June 12 at $135 Per Share, Raising Record $75 Billion

SpaceX will price its IPO on June 11 at $135 per share and begin trading June 12 on Nasdaq under ticker SPCX. The offering raises $75 billion, making it the largest IPO ever, and values the company at $1.75 trillion. Retail investors get 30% of shares through brokers like Fidelity, Robinhood, and Charles Schwab, with some requiring as little as $2,000 to participate.

Record-Breaking IPO Details

SpaceX will sell 555.6 million shares at $135 each, raising $75 billion. This surpasses Saudi Aramco’s 2019 IPO of $26 billion. The $1.75 trillion valuation places SpaceX above all but six companies in the S&P 500. Elon Musk will retain 82.4% voting power through Class B shares that carry 10 votes each. His stake alone is valued at approximately $542 billion based on the current valuation.

How Retail Investors Can Buy

Five brokers offer IPO allocations: Fidelity lowered its minimum to $2,000 from $100,000, allowing requests from one share to 1 million shares. Charles Schwab requires $100,000 in account balance. Robinhood, SoFi, and E*Trade have no stated minimums. Fidelity expects demand to be significant and will not consider allocation size when distributing shares, only fulfilling what investors request.

Analyst Warnings on Valuation

Morningstar analysts called SpaceX significantly overvalued, arguing investors could buy at more attractive prices after the IPO. The company lost $2.6 billion from operations last year on $18.7 billion in revenue. Morningstar cited reliance on novel, untested technologies and significant spending costs over several years. Truist warned of potential volatility during early trading. Analysts have warned that early exposure carries substantial risk.

Secondary Market Access and Lock-Up Restrictions

Investors can buy SpaceX shares before the IPO through private secondary markets where existing shareholders sell vested stock. Secondary market shares face a 90 to 180-day lock-up period after the IPO, preventing sales during that window. This restriction is standard practice to prevent supply flooding the market immediately after listing. Insiders will unlock shares in phases: 20% following Q2 earnings in September, with broad lock-up expiring in December.

Final Thoughts

SpaceX’s $75 billion IPO at $135 per share makes it the largest ever, but Morningstar’s overvaluation warning and the company’s $2.6 billion operating loss suggest caution. Meyka rates SPCX a B with a 12-month forecast of $22.51, indicating limited upside from the IPO price.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.