SpaceX Goes Public: SPCX Stock Begins Trading on Nasdaq

After nearly a quarter-century as a private company, SpaceX is finally a public entity. The aerospace and communications giant begins trading on the Nasdaq exchange today, June 12, 2026, under the symbol SPCX. The event marks the largest initial public offering in stock market history, with the company targeting a raise of over $25 billion at an initial price of roughly $135 per share .

This public debut is the culmination of a carefully orchestrated process that involved confidential SEC filings, a massive banking syndicate, and a strategic stock split. For years, CEO Elon Musk had resisted taking the company public, citing the short-term pressures of the market. That changed in December 2025 when plans for a mid-2026 IPO were confirmed .

The Road to the Nasdaq: A 2026 Timeline

The formal process began on April 1, 2026, when SpaceX confidentially submitted its draft registration statement to the U.S. Securities and Exchange Commission (SEC). This move was confirmed virtually simultaneously by major financial news outlets including Bloomberg, Reuters, CNBC, and The Wall Street Journal . A confidential filing allowed the SEC to review SpaceX’s financials privately before the public prospectus was released .

Later that month, from April 21–23, the company held closed-door "Analyst Day" meetings with Wall Street analysts and institutional investors to lay the groundwork for the offering .

Investors got their first full look inside the company’s finances on May 20, 2026, when SpaceX publicly filed its official S-1 registration statement with the SEC . The filing was a pivotal moment, transforming months of speculation into concrete data for potential shareholders.

With the prospectus made public, the formal investor roadshow launched on June 4, 2026, leading directly into today’s trading debut .

IPO Details: Pricing, Stock Split, and Index Inclusion

The debut comes with several key mechanics designed to maximize accessibility and impact:

• Offer Price: Shares are expected to price at approximately $135 .
• Capital Raise: The IPO aims to raise more than $25 billion, easily securing its place as the largest IPO on record .
• Stock Split: To make the stock more attainable for retail investors, shareholders approved a 5-for-1 stock split prior to the listing, effectively lowering the per-share price from its pre-split fair value .
• Nasdaq-100 Inclusion: In an unusual move, the company won a rule change permitting its early inclusion in the prestigious Nasdaq-100 index, a factor that could drive immediate demand from index funds .

A Historic Valuation

While the IPO’s share price and capital raise provide concrete metrics, the overall valuation tells the story of a company that has become a critical infrastructure provider for both the U.S. government and global communications. Early reports from December 2025 indicated SpaceX was targeting a valuation of around $1.5 trillion, though such figures often fluctuate in the lead-up to a final IPO price . The company had previously tested a valuation near $800 billion, according to a late-2025 report .

Caution and Potential Delays

While trading begins today, the journey to a public listing carried execution risk from the start. Reports throughout late 2025 consistently noted that if market conditions deteriorated significantly, the IPO timeline could slip into 2027 . For now, barring a last-minute market shock, that contingency has not come to pass.