The SpaceX IPO date: June 12, 2026.

In under five months SPCX has traded on both sides of its offer price. It peaked four days after listing, broke below $135 in mid-July and bottomed on Aug 3, then recovered to a first close above $170 ($171.09) on Oct 5. After Q3 results it swung +7.79% on Oct 21 and −9.14% on Oct 22, closed at $134.72 on Oct 30 — just under the IPO price — and finished Nov 3 at $141.31. The 52-week range is $104.83–$225.64. For the live quote see the SPCX stock price chart; for the supply events that have moved it, see the SPCX lock-up schedule.

SpaceX IPO date: Friday, June 12, 2026. SPCX began trading that morning on the Nasdaq Global Select Market, with a simultaneous dual listing on Nasdaq Texas. Final pricing was confirmed the evening before, on June 11.

SpaceX IPO price: $135.00 per share, fixed in the June 3 S-1/A rather than set through the usual price range. That price applied to a base deal of 555,555,555 Class A shares (roughly $75 billion) at a valuation near $1.77 trillion. With the underwriters' 83,333,333-share greenshoe exercised, 638,888,888 shares were sold in total — about $86 billion gross, with net proceeds of ~$85.7 billion reported in the Q2 2026 8-K.

What it opened at: the Nasdaq cross auction opened SPCX at $150.00 — a 11.1% premium to the offer price — and the stock closed its first session at $161.11, up 19.3% on the day. It reached an all-time high of $225.64 intraday on June 16 and an all-time low of $104.83 on Aug 3; the SPCX-since-the-IPO summary above tracks the full path. You can follow it on the live SpaceX stock price chart.

Could you buy at the $135 IPO price? Only allocated investors did. Everyone buying in the open market from June 12 onward paid the market price, not the offer price — see how to buy SpaceX stock for the routes available today.

The S-1 lists Space Exploration Technologies Corp. as the issuer of Class A common stock. The June 3, 2026 S-1/A set a fixed offer price of $135.00 per share on 555.6 million Class A shares, and pricing was confirmed on June 11 at a ~$1.77 trillion valuation. Including the exercised greenshoe, 638.9 million shares were sold — about 5% of the ~13.2 billion shares outstanding at listing, a thin float by mega-cap standards that has since grown as lock-up tranches were released. Total demand reportedly exceeded $250 billion (~4× oversubscribed), with retail orders alone above $100 billion against an unusually large reservation of up to 30% of the deal for retail investors.

Final terms

Use of proceeds

The S-1 outlines four broad uses for the net proceeds, in this order of magnitude:

The S-1 cover page lists 23 bookrunners and co-managers — a deliberately oversized syndicate that maximizes global distribution and minimizes any single bank's risk on stabilization. Goldman Sachs sits lead-left, the senior advisory and structuring role. Morgan Stanley is named as the stabilization agent, the bank legally responsible for supporting the aftermarket price using the greenshoe option during the 30-day stabilization window. Bank of America, Citigroup, and JPMorgan Chase round out the joint bookrunner tier.

For scale: Saudi Aramco's 2019 IPO used 26 syndicate banks but concentrated economics among nine joint global coordinators. The SPCX syndicate spreads the load more evenly, which is a defensive choice — when no single bank is left holding too much exposure, the aftermarket trade is less likely to gap.

SPCX uses a dual-class share structure — the same shape Alphabet and Meta use, explained in full in our guide to Class A vs Class B shares and voting rights. The S-1 describes two classes:

• Class A common stock — sold to the public. One vote per share. This is the share that trades under the SPCX ticker.
• Class B common stock — retained by insiders. Ten votes per share. Not publicly traded.

The combined arithmetic guarantees insider control. Even with ~$86 billion raised including the greenshoe — leaving IPO buyers with about 5% of the shares at listing — Elon Musk held more than 5.5 billion Class B shares at the IPO: roughly 42% of the equity and about 82% of the total voting power, per the prospectus as reported. For his current count, check his Form 4 filings on SEC EDGAR. The S-1 also describes a sunset condition that converts Class B to Class A on the earlier of the founder's death, certain incapacity events, or a transfer outside a permitted holder.

Notable Class A and B holders disclosed in the principal stockholders section include:

Precedent and peers

The 10× ratio puts SPCX in the same governance family as Meta Platforms (Class A 1 vote / Class B 10 votes, founder control retained), Alphabet (Class A 1 vote / Class B 10 votes / Class C non-voting), and Snap Inc. (which actually went one step further, offering only non-voting shares to the public at IPO). Investors who object to dual-class governance typically still own these names — index inclusion forces the hand of most large institutional accounts. See our comparison page for governance side-by-side, and the ownership page for the full cap table, principal stockholders, and post-IPO dilution math.

SPCX is listed on both the Nasdaq Global Select Market (the senior Nasdaq tier, where Apple, Microsoft, Nvidia and Meta trade) and the new Nasdaq Texas exchange. The dual listing is largely symbolic — order books for both venues clear against the same consolidated tape — but it lets the company signal its Texas footprint (Starbase, Boca Chica, and the Austin xAI compute campus) while staying inside the Nasdaq Stock Market's regulatory umbrella.

On the morning of June 12, SPCX did not open at 9:30 a.m. with normal continuous trading. Instead, Nasdaq ran an opening cross, also called the IPO cross or the Halt Cross:

• The stock is placed in a "quote-only" period beginning shortly after the 9:30 bell. Orders accumulate in the book but do not match.
• Morgan Stanley as stabilization agent works with Nasdaq market operations and the underwriting syndicate to establish an indicative opening price. This usually iterates over 30–90 minutes.
• Once the indication is stable, Nasdaq releases the stock for trading at a single auction-cleared opening print. From that moment on, normal continuous trading runs through the close at 4:00 p.m. ET.

For retail investors this has one practical implication: do not use market orders at the open. Auction cross prints can be highly volatile and a market order will accept whatever the cross prices at. Use a limit order. See how to buy SPCX for full execution guidance.

Pre-IPO shares are not all released on one date. According to IFR's reading of the prospectus (also reported by CNBC), the lock-up on officers, directors and pre-IPO stockholders unwinds in stages — some tied to earnings, some to the calendar, one to the share price. Earlier versions of this page described a single expiry on Dec 9, 2026; that was incomplete.

Tranche sizes are from press reporting of the prospectus. Verify exact terms in the final 424B4 prospectus on SEC EDGAR.

IFR estimated that more than $500 billion of stock becomes eligible between August and year-end. Eligible is not the same as sold: the releases so far have not mapped neatly onto the share price. SPCX set its all-time low of $104.83 on Aug 3, days before the first tranche, then rallied ~6% on Aug 6 and nearly 16% the next day (CNBC). On Oct 22 it fell 9.14% — in the same window the post-Q3 tranche became eligible, a day after a 7.79% post-earnings gain.

The holders behind those shares span employees and former employees, late-stage investors from the $180B–$350B tender rounds, strategic holders such as Alphabet (a reported ~4% stake), Founders Fund and Valor Equity Partners, and sovereign and family-office investors. Who holds what is on the SpaceX ownership page; the dated, tranche-by-tranche breakdown — and what the stock did around each release — is on the SPCX lock-up expiration schedule.

For deeper financial context see our financials page and the S-1 summary. For the categorized S-1 Item 1A breakdown see the risk factors page, and for governance and post-IPO dilution see the ownership page.