Overview
- SpaceX plans to price its Nasdaq debut at $135 per share to sell about 555.6 million Class A shares and raise roughly $75 billion, with public trading expected to begin on June 12, 2026.
- The company's S-1 shows 2025 revenue near $18.6–18.7 billion while consolidated net losses totaled about $4.9 billion, and it says Starlink is the profitable unit funding AI and space investments.
- Only a small portion of shares will likely trade publicly — about 5% of total stock — and proposed fast-entry rule changes at S&P and Nasdaq could take effect on June 8, creating pressure for index funds to buy into a tiny float.
- SpaceX will offer some Class A shares to retail platforms such as Schwab, Fidelity and Robinhood and is running a roadshow this week that has prompted broad retail demand and employee planning for large liquidity windfalls.
- Major banks including Goldman Sachs and Morgan Stanley are leading an all-primary underwriting, and analysts warn the valuation, governance structure and heavy near-term demand raise the odds of sharp post‑IPO volatility.