Overview
- SpaceX confirmed on June 7 that it will sell roughly 555.6 million Class A shares at a fixed $135 per share to raise about $75 billion and list on Nasdaq under the ticker SPCX in mid‑June.
- Underwriters report orders near $150 billion, roughly double the offering, signaling strong oversubscription that may leave many investors under‑allocated at the IPO price.
- The company set aside an unusually large retail allocation of up to about 30 percent and named brokerages such as Fidelity, Robinhood, SoFi, E*Trade and Charles Schwab to distribute shares to ordinary customers.
- Analysts sharply disagree on value: lead bankers project large AI upside that supports the $1.75–1.8 trillion listing valuation while Morningstar and independent models place fair value far lower and note large 2025–2026 losses.
- Governance and index mechanics complicate the picture because Elon Musk will retain overwhelming voting control, S&P Dow Jones declined to relax its profitability rule delaying S&P 500 entry, and Nasdaq fast‑entry plus a tiny float could force rapid passive buying that magnifies early volatility.