SpaceX IPO Set for June 12 at $135 per Share, $1.77T Valuation

SpaceX will begin trading on Nasdaq on June 12, 2026, under ticker SPCX at $135 per share, raising $75 billion at a $1.75 trillion valuation. This is the largest IPO in stock market history. However, the company reported net losses of $5 billion in 2025 and $4 billion in Q1 2026, raising questions about whether the valuation is justified given its merger with AI startup xAI.

IPO Timeline and Pricing Details

SpaceX filed confidentially with the SEC on April 1, 2026, and publicly released its S-1 prospectus on May 20, 2026. The company’s roadshow launched on June 4, 2026, ahead of schedule. Share pricing is set for June 11 after market close, with first trading on June 12 on Nasdaq under ticker SPCX. The company is offering 556.6 million shares at $135 per share, targeting a $75 billion raise and $1.75 trillion valuation.

Massive Losses and Financial Concerns

SpaceX lost $5 billion in 2025 and reported a net loss of $4 billion in Q1 2026 alone. Research firm Morningstar estimates the company’s true value is closer to $780 billion, nearly 55% below its IPO valuation. The company’s merger with xAI, Elon Musk’s AI startup, has shifted SpaceX’s focus toward space-based data centers rather than its original space exploration mission. Analysts warn this pivot and cash burn rate pose a material threat to shareholder value.

Australian Investors and Market Access

Australian retail investors can participate in the IPO through brokers like Sharesies and CommSec. Sharesies is an approved retail broker for the offering. The Australian Prospectus is available at www.spacexipo.com. Approximately 125 analysts from 21 participating banks are meeting SpaceX management, and a dedicated event for around 1,500 retail investors is planned for June 11. UK retail investors are expected to be allocated around £1.5 billion worth of shares.

Valuation Debate and Investor Risk

Elon Musk will own approximately 42% of SpaceX after the IPO, positioning him to become the world’s first trillionaire if the $1.75 trillion valuation holds. However, critics argue SpaceX is selling a vision rather than solid business fundamentals. Early trading may involve rapid price movements and significant risk due to limited trading history. Ark Invest estimates SpaceX’s enterprise value could reach $2.5 trillion by 2030, but this depends on execution of unproven space-based data center plans.

Final Thoughts

SpaceX’s $1.75 trillion IPO valuation faces serious headwinds from $4-5 billion annual losses and a controversial AI merger. Morningstar’s $780 billion fair value estimate suggests 55% downside risk, making this a high-risk debut despite massive hype.

FAQs

Disclaimer:

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.