Space Exploration Technologies Corp. (SpaceX) finalized its initial public offering (IPO) price at $135 per share on Thursday night. The decision sets the stage for the aerospace giant to make its highly anticipated market debut on the Nasdaq exchange this Friday, June 12, 2026. Trading under the ticker symbol “SPCX,” the listing marks the largest IPO in financial history.
Breaking Tradition on Wall Street
CEO Elon Musk chose a non-traditional route for this public offering, bucking standard Wall Street conventions. Instead of providing a floating price range for underwriters to gauge demand, SpaceX locked in a fixed $135 price before its investor roadshow even began last week.
This fixed-price strategy turned Thursday night’s official pricing event into a mere formality. At $135 per share, SpaceX aims to raise an unprecedented $75 billion by selling 555.6 million shares. The total valuation of the company will reach a staggering $1.78 trillion, instantly positioning it among the most valuable publicly traded entities on earth.
Furthermore, underwriters retain a “greenshoe” option to sell an additional 83 million shares. This overallotment option could bring in another $11.2 billion if market demand outstrips the initial supply.
Massive Retail Demand Drives Early Order Cuts
According to banking sources, demand for the stock is incredibly intense. Institutional orders have reportedly oversubscribed the IPO four times over. While institutional investors frequently inflate their orders to guarantee a baseline allocation, the figures point to an aggressive appetite for the rocket and AI company.
In an unusual move to accommodate public interest, SpaceX plans to allocate roughly 30% of its total IPO shares to retail investors. Traditional public offerings rarely allocate more than 5% to 10% to everyday investors. Major consumer brokerages—including Charles Schwab, Fidelity, Robinhood, SoFi, and Morgan Stanley’s E-Trade—allowed individual users to place orders ahead of time. Due to the overwhelming influx of traffic, Robinhood closed its order window early on Wednesday afternoon.
What to Expect for Friday’s Market Opening
When the opening bell rings on Friday morning, Nasdaq market makers will begin matching buy and sell orders to establish a true opening price. Because of the sheer volume of interest surrounding SpaceX, financial experts predict this matching process could delay the stock’s actual trading debut until late Friday morning or early afternoon.
Once the first trades execute, the open market will dictate the price of SpaceX. Wall Street analysts will closely watch the stock’s opening premium and closing price to judge the ultimate success of Elon Musk’s historic leap into public markets.