The SpaceX IPO
SpaceX went public on June 12, 2026. It priced the offering the evening before at $135.00 per Class A share, sold 638.9 million shares including the full over-allotment exercise, and took $85.7 billion in net proceeds after $575 million of underwriting commissions and offering costs.
The size of it
By proceeds, this was the largest initial public offering on record, and it valued the company at roughly $1.77 trillion on its first day. The offering also did something unusual for a company of that size: it came to market loss-making, funded by a decade of private tender offers rather than by earnings, and with control locked up in a supervoting share class that the public offering did not touch.
Timeline
Dates below are filing dates from SpaceX's EDGAR record, except where marked otherwise.
- February 18, 2022
10-for-1 stock split
As a private company, SpaceX split its stock ten for one, multiplying shares outstanding by ten and cutting the per-share price from roughly $560 to $56. A split changes no value on its own. The company was valued at about $100 billion at the time.
- March 30, 2026
Confidential draft registration
SpaceX submitted a draft registration statement to the SEC confidentially, which lets a company work through the regulator's comments before anything becomes public. Two rounds of SEC comment letters followed over April and early May.
- May 2026
Five-for-one forward stock split
The board approved a five-for-one forward split of the Class A, Class B and Class C common stock ahead of the listing, a routine step to bring the offer price into a normal retail range. Every per-share figure in the filings for earlier periods is restated to reflect it, which is why older SpaceX share prices quoted from filings look smaller than contemporary reports.
- May 20, 2026
S-1 filed publicly
The registration statement became public, disclosing the financials, the risk factors and the dual-class structure for the first time. Two amendments followed on 1 and 3 June.
- June 10, 2026
Listing registered with NASDAQ
SpaceX filed its Form 8-A to register the Class A common stock under the Exchange Act, and NASDAQ certified the listing. This is the step that creates the ticker.
- June 11, 2026
Registration effective, IPO priced at $135.00
The SEC declared the registration statement effective and SpaceX priced the offering the same day at $135.00 per Class A share, selling 638.9 million shares including the full over-allotment exercise.
- June 12, 2026
First trade on NASDAQ as SPCX
Shares opened for trading. SpaceX filed its final prospectus on Form 424B4 the same day, along with a Form S-8 registering shares issuable under its employee equity plans.
- June 26, 2026
Offering closes
SpaceX filed the closing 8-K. Net proceeds of $85,675 million landed on the balance sheet, after $575 million of underwriting commissions and offering costs. In the same week the company also launched a senior notes offering.
- August 4, 2026
First quarterly report as a public company
SpaceX filed its Form 10-Q for the quarter ended June 30, 2026, its first as a listed company. It carried the segment breakdown, the per-class share counts and the confirmed IPO terms that most of this site's figures are sourced to.
What to watch now
SpaceX listed on June 12, 2026, so its reporting calendar is still short. Each quarterly 10-Q updates the per-class share counts, the segment splits and the backlog. It has not yet completed a full year as a public company, so year-over-year comparisons still lean on figures restated from its private years. Follow daily coverage → · See how to buy SPCX →
One thing worth knowing that this site cannot yet source: the lock-up terms for pre-IPO holders. Those are set out in the underwriting agreement described in the prospectus, and the expiry matters because it governs when a large block of insider stock becomes sellable.