Space Exploration Technologies Corp. has set the price for its initial public offering at $135 per share for 555,555,555 shares of Class A common stock, the company announced. The shares are expected to start trading on June 12, 2026, on the Nasdaq Global Select Market and on Nasdaq Texas under the ticker symbol "SPCX."
The firm said the offering is scheduled to close on June 15, 2026, subject to customary closing conditions. As part of the offering terms, underwriters have been granted a 30-day option to buy up to 83,333,333 additional shares at the IPO price.
If the base portion of the offering is sold in full, SpaceX would raise approximately $75 billion. Should the underwriters exercise their full over-allotment option, the total proceeds could increase to about $86.25 billion.
Leading the deal as book-running managers are:
- Goldman Sachs & Co. LLC
- Morgan Stanley
- BofA Securities
- Citigroup
- J.P. Morgan
- Barclays
- Deutsche Bank Securities
- RBC Capital Markets
- UBS Investment Bank
- Wells Fargo Securities
A separate group of firms is listed as additional co-managers on the transaction. Those firms are: Allen & Company LLC, Cantor, Needham & Company, Raymond James, Societe Generale, Stifel, William Blair, BTG Pactual, ING, Macquarie Capital (USA) Inc., Mirae Asset Securities, Mizuho, and Santander.
Details provided by the company indicate the timing and mechanics of the offering but leave certain execution steps conditional. The planned exchange debut, the closing date, and the underwriters' 30-day allotment option are all integral elements that will shape the final size of funds raised.
Investors and market participants will watch the Nasdaq listings on June 12, 2026, and monitor whether the underwriters exercise the additional share option within the 30-day period following the offering. The scheduled closing on June 15, 2026, remains contingent on standard closing requirements.