SpaceX’s IPO is set to begin trading on Nasdaq on June 12, 2026, attracting strong trader interest as S&P Dow Jones Indices has kept its eligibility rules unchanged, meaning the company will not be fast-tracked into the S&P 500 at launch.

S&P Dow Jones Indices’ decision to maintain its index-eligibility rules will delay SpaceX’s inclusion in the S&P 500. The stock is expected to qualify for Nasdaq 100–linked funds at debut, directing early passive ownership toward Nasdaq-tracking products rather than S&P 500 funds. This will likely concentrate initial passive demand and liquidity in Nasdaq-focused vehicles, shaping early fund flows and trading dynamics.

Deal Size, Valuation, and Market Interest

SpaceX plans to offer 555,555,555 shares at $135 each, aiming to raise about $75 billion and implying a valuation near $1.77 trillion. This would make it the largest IPO in history by gross proceeds. The company is preparing to list under the ticker SPCX, with the offering currently in the planned marketing stage.

Wall Street bankers have aggressively promoted the deal, fueling trader debate over whether SpaceX’s day-one valuation could rival or surpass major tech peers. The combination of the unprecedented deal size and the index-provider’s eligibility decision could compress where passive demand lands at launch, making the composition of Nasdaq-tracking funds and initial institutional placement key factors in the stock’s early liquidity and price behavior.

Five IPOs, including two billion-dollar deals, priced this week; six SPACs also priced. Four IPOs and four SPACs submitted filings. The IPO market is set to host a historic event in the coming week, with SpaceX set to list on Friday.

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Boom: SpaceX's $135 IPO demand exceeds supply, creating allocation scarcity around a rare Elon Musk-controlled platform spanning launch, Starlink, and AI compute. Bloodbath: At $175, SPCX equity value approaches ~$2.3T and ~122x 2025 revenue despite uneven GAAP profitability, leaving little room for execution misses. Both: Starship/V3 and COLOSSUS expand the upside runway, but the SPCX setup stays asymmetric unless price, cash flow, and execution proof converge. Rating: Hold.

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SpaceX has drawn investor demand ​that is about double the $75 billion ‌it is seeking to raise next week in its IPO, or $150 billion, said two ​people familiar with the matter on ​Friday.

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The long-awaited SpaceX IPO next week positions the company at roughly $2 trillion in market value.

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Few IPOs in history have generated as much excitement as SpaceX ‘s planned June 12 debut on Nasdaq under the ticker SPCX.

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SpaceX will attract a stampede of investors this month. But it's racking up steep losses and looks grossly overvalued.

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SpaceX could become one of the most ambitious public companies of the next decade, with Starlink, reusable rockets, AI infrastructure, defense exposure, and Starship all inside one story. The upside is enormous, but the stock may test whether investors are paying for durable cash flow or an expensive dream.

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Ahead of the bell Wall Street is pointing mostly lower ahead of Friday's May jobs report, with tech bearing the brunt. Nasdaq 100 futures are down 1%, the S&P 500 has slipped 0.5%, while the Dow is marginally in the green.

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SpaceX's underwriters have barred investors in China and Hong Kong from ​participating in the company's planned initial ‌public offering, Bloomberg News reported on Friday, citing people familiar with the matter.

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S&P Global, the creator of the S&P 500 index, has announced that it will keep its existing index eligibility requirements unchanged despite consultations on potential reforms with SpaceX.

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SpaceX mania has reached fever pitch on Wall Street. JPMorgan CEO Jamie Dimon pitched the company to clients at a glitzy event featuring Musk and his mother.

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Many current and former staffers have stakes valued at millions of dollars and will be able to tap them more easily after the rocket maker goes public.

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Two major Wall Street banks are broadcasting their involvement in SpaceX's coming IPO. Goldman Sachs and Morgan Stanley decorated their lobbies with SpaceX gear and logos.

Photos show the lobbies of Goldman Sachs and Morgan Stanley decked out in SpaceX gear ahead of IPO

Analysts at Morningstar say they think SpaceX has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO. They've calculated the real value of the company to be $780 billion.

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Bankers tap the extraordinary valuation of SpaceX ahead of its listing next week. Goldman Sachs has reportedly forecast a 100-fold revenue increase by 2030 for the company.

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SpaceX's website and IPO marketing documents were ​not accessible on Friday in Hong Kong and mainland China, a Reuters review showed, a step that ‌threatens to curb participation by investors there in a listing expected to be the world's largest.

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SpaceX is set to be the biggest IPO in history, bringing in $75 billion. Wall Street bankers like Jamie Dimon are making a big push to sell the stock, including to retail investors.

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With 203 announced IPOs year-to-date, H1 2026 is officially tracking at its third-highest clip of the last decade, completely leaving the post-pandemic dry spell in the rearview mirror. The IPO pipeline has evolved far beyond speculative concept plays, highlighted by pure-play architecture filings like AIAI, BRAI, and EXYN rushing to the tape to secure heavy institutional backing. All eyes are on SpaceX, Anthropic, and OpenAI as these unicorns position themselves for historic public market debuts.

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SpaceX stock is scheduled to begin trading on the Nasdaq on Friday, June 12. All IPO investing is inherently risky due to a lack of information about the company's trajectory.

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S&P Dow Jones Indices rejected calls to fast track SpaceX and other upcoming megacap IPOs such as Anthropic and OpenAI into the S&P 500 index.

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Many investors expected that S&P Dow Jones Indices would make the eligibility changes to ease the entry of SpaceX and other big coming IPOs into the S&P 500 index.

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OpenAI leadership change as Fidji Simo shifts from full-time role to part-time adviser amid medical leave, prompting investor scrutiny of IPO timing.

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KEY TAKEAWAYS

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Index Eligibility and Fund Access

Deal Size, Valuation, and Market Interest

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