Elon Musk’s SpaceX begins trading on the Nasdaq Global Select Market today, June 12, under the ticker SPCX, after pricing its initial public offering at $135 per share.
SpaceX has priced its initial public offering at $135 per share, valuing the company at approximately $75 billion, making it the largest IPO in history.
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The deal has drawn strong demand from both institutional and retail investors, with reports indicating that BlackRock alone sought at least $5 billion worth of shares.
BlackRock and Institutions Pile Into SpaceX IPO
Space Exploration Technologies Corp. confirmed the pricing of 555,555,555 shares of Class A common stock at $135 per share on Thursday.
The SpaceX stock is expected to begin trading on the Nasdaq Global Select Market and Nasdaq Texas under the ticker SPCX on June 12, with the offering scheduled to close on June 15, subject to customary conditions.
The company also granted underwriters a 30-day option to purchase up to an additional 83,333,333 shares at the IPO price.
According to a Wall Street Journal report, BlackRock placed an order to purchase at least $5 billion in SpaceX IPO shares. The report added that several other major asset managers placed similarly large orders, with overall demand reportedly exceeding available supply by a wide margin.
Earlier reports suggested SpaceX considered allocating as much as 30% of the offering to retail investors — an unusually high share for a mega-cap IPO.
The underwriting syndicate is led by Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities.
SpaceX Highlights AI Ambitions Ahead of Market Debut
In its IPO materials, SpaceX described itself as a company building infrastructure across “space, connectivity, and AI.”
The company is best known for its reusable rocket business and Starlink satellite internet network, but its latest corporate materials place artificial intelligence alongside its other strategic growth pillars.
Investor enthusiasm has remained strong ahead of the listing. Bloomberg reported that SpaceX shares were indicated more than 35% above the IPO price in shadow trading before the public debut.
Based on IPO pricing, the company is expected to command a valuation of roughly $75 billion, making it one of the largest listings ever brought to market.
Why Crypto Investors Are Paying Attention
Large IPOs often trigger portfolio rebalancing across institutional investors. Here is how the SpaceX IPO has already intersected with crypto market flows.
SpaceX submitted its draft registration statement to the SEC on April 1, 2026, formally starting the IPO process, followed by its public S-1 filing on May 20.
Around this period, crypto ETFs entered a 13-day outflow streak, ultimately shedding over $4.4 billion in redemptions. Total crypto ETP assets fell from $158.7 billion to $141.1 billion, and Bitcoin declined by over 12% in a month.
Momentum shifted again in early June as SpaceX launched its investor roadshow on June 4 ahead of schedule, drawing strong institutional and retail demand.
Within hours, crypto markets hit a $2.17 trillion low, marking a 48% decline from their 2025 peak of $4.2 trillion.
On June 5, Bitcoin fell below $60,000 for the first time since September 2024, representing an approximate 20% drop from the May 20 SpaceX filing date.
Why This Matters
The SpaceX IPO represents one of the largest liquidity events of 2026. The offering has attracted significant institutional and retail capital, raising concerns that liquidity may be temporarily diverted away from crypto markets.
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People Also Ask:
SpaceX stocks are expected to begin trading on June 12, 2026, under the ticker SPCX.
The company priced its IPO at $135 per share.
SpaceX disclosed holdings of 18,712 BTC in its IPO filing, valued at approximately $1.29 billion as of March 31, 2026.
