Private markets · SpaceX
SpaceX is now public. What it means for pre-IPO investors.
SpaceX is no longer pre-IPO: it listed on Nasdaq as SPCX in June 2026. What that means for pre-IPO SPV holders, lock-ups and share classes.
Facts checked 7 Oct 2026 · By Dipankar Sarkar · Education only — not an offer
Status
Listed on Nasdaq (SPCX) since 12 June 2026
SpaceX priced its IPO at $135.00 per Class A share on 11 June 2026 and began trading on Nasdaq and Nasdaq Texas as SPCX on 12 June 2026. Its Class A shares now trade on public exchanges, so the pre-IPO secondary market for SpaceX has given way to ordinary listed trading. [1]
- Legal name
- Space Exploration Technologies Corp.
- Founded
- 2002
- Headquarters
- Starbase, Texas
- Sector
- Space launch, Starlink connectivity and AI (xAI)
- IPO
- Initial public offering (Class A common stock), 11 Jun 2026 · $75bn raised
SpaceX is listed: SPCX
SpaceX's shares now trade on a public exchange. Pre-IPO vehicles that hold its shares are subject to lock-ups; check each vehicle's documents for how and when it will distribute or sell.
- Pre-IPO holders are subject to underwriter lock-ups with staggered releases; for most holders all locked shares become transferable on or after 8 December 2026. Elon Musk's lock-up runs 366 days, and some holders have longer, extended lock-ups. [1]
SpaceX valuation and liquidity events
Primary rounds and company-run secondary events, newest first. These are reference points from public reports, not prices at which anyone can transact today.
| Date | Event | Valuation | Detail | Src |
|---|---|---|---|---|
| 11 Jun 2026 | Initial public offering (Class A common stock)$75bn | — | Led by Goldman Sachs & Co. LLC (representative), Morgan Stanley | [1] |
| 1 Apr 2026 | Company repurchases before the IPO | — | The prospectus reports repurchases of Class A shares at a weighted-average $105.32 per share (post-split) after 31 March 2026, and $522m of repurchases from eligible current and former employees during 2025. | [1] |
| 12 Dec 2025 | Insider share sale | $800bn | New and existing investors and the company agreed to buy up to $2.56bn of shares from eligible shareholders at $421 per share (before the 2026 five-for-one split). | [2] |
How investors hold SpaceX now
- Class A shares on Nasdaq (SPCX), through any brokerage account that offers US-listed shares.
- Investors who bought pre-IPO SPV or fund interests hold whatever their vehicle's documents say: usually a pro-rata claim on shares that stay locked up until the release dates, followed by a distribution or sale at the manager's discretion.
What an investor actually owns
- Two classes of common stock: Class A carries one vote per share and Class B ten. Elon Musk held about 82% of the voting power after the offering, and SpaceX is a "controlled company" under Nasdaq rules. [1]
- SpaceX merged with xAI (including X) effective 2 February 2026, and Starlink is reported inside its Connectivity segment rather than as a separate company. A five-for-one stock split took effect on 4 May 2026. [1]
Holding a pre-IPO SpaceX vehicle? Its documents govern when you receive shares or cash. To see how the vehicle's carry and fees affected your outcome compared with buying at the IPO price, use the offer calculator.
Frequently asked questions
- Can I still invest in SpaceX before its IPO?
- No. SpaceX priced its IPO on 11 June 2026 at $135 per share, and its Class A stock has traded on Nasdaq as SPCX since 12 June 2026. Anyone offering "pre-IPO" SpaceX exposure today is offering something else, such as an interest in a vehicle that holds locked-up shares.
- What happens to people who bought SpaceX through a pre-IPO SPV?
- It depends on each vehicle's documents. The underlying shares are subject to lock-ups that, for most pre-IPO holders, end on 8 December 2026. After that the manager typically distributes shares or sells them, net of any carry and fees.
- Does owning SPCX give exposure to Starlink and xAI?
- Yes, as parts of one company. Starlink is reported within SpaceX's Connectivity segment and xAI (including X) merged into SpaceX in February 2026. Neither is listed separately.
- What voting rights do public SpaceX shareholders have?
- Public buyers hold Class A shares with one vote each. Class B shares carry ten votes each, and Elon Musk controlled about 82% of the voting power after the offering.