SpaceX set the price for its long-awaited offering at $135 a share in a June 3 filing update, putting the company on track to begin trading on Nasdaq on Friday, June 12, under the ticker SPCX. The deal covers roughly 555.6 million Class A shares and would raise about $75 billion, making it the biggest U.S. IPO ever if it closes at that level.
For investors searching for spcx stock, the timing matters because the offering is moving into its final stretch just as the market is preparing for one of the largest listings in U.S. history. Alibaba Group Holding still holds the record for the biggest U.S. IPO, having raised $4.6 billion in March 2021, a figure that now looks small beside SpaceX’s planned haul.
Demand appears intense. Some estimates put the IPO at 3.3 times oversubscribed, and the company has set retail allocation as high as 30%, or about $23 billion in market value. That is far above the usual 5% to 10% slice retail investors get in hot offerings, though even that larger pool does not guarantee shares for individual buyers. Robinhood is using a random allocation process for SpaceX shares.
The surge of interest stands out because it comes in a market that has not been welcoming to new listings. The IPO market has struggled to match the enthusiasm of 2021, when 397 offerings raised $142.4 billion, and 2026 has started slowly, with 71 IPOs raising $35.7 billion so far. Against that backdrop, SpaceX is being treated as a rare test of whether a marquee name can still pull the market into a frenzy.
The unresolved question now is whether the $135 price holds through the final run-up to Friday’s debut. If it does, SpaceX will arrive as the most closely watched U.S. listing in years, with retail investors fighting for a piece of a deal large enough to rewrite the record books before the first trade even prints.
