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SpaceX IPO Receives Multi-Fold Institutional Over-Subscriptions, June 12 Listing to Challenge Largest Listing Record in History

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AuthorAndy Chen

Jun 9, 2026 4:09 PM

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SpaceX's IPO has seen strong institutional demand, being oversubscribed multiple times with significant single orders. Pricing is set for June 11, with the listing on June 12 under ticker SPCX. The offering of 555.6 million shares at $135 per share aims to raise $75 billion, valuing the company at $1.8 trillion. It is expected to become the largest IPO globally, potentially adding substantial market capitalization alongside OpenAI and Anthropic. Allocations will favor long-term investment firms, with 30% reserved for retail investors.

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Tradingkey - According to people familiar with the matter, the SpaceX IPO has been oversubscribed by institutional investors by several times the offering size, with demand climbing further following the management roadshow. Several large institutions have placed single orders exceeding $10 billion, and banks indicated that institutional allocations will be primarily concentrated in the hands of long-term investment management firms.

According to sources, institutional orders for the IPO will close after the New York market close on Wednesday, with pricing set for June 11 and official listing on June 12. SpaceX plans to issue 555.6 million shares at $135 per share, raising approximately $75 billion, implying a valuation of $1.8 trillion. The company will allocate 30% of the shares to retail investors, with the retail subscription deadline on some platforms being later than that of the institutions.

SpaceX's listing is poised to surpass Saudi Aramco to become the largest IPO in global history. Notably, its AI rival OpenAI filed for an IPO confidentially on Monday, and Anthropic followed suit last week; together, these three companies are expected to add approximately $3.6 trillion in new market capitalization to the U.S. stock market.

The IPO is led by five major investment banks, including Goldman Sachs and Morgan Stanley, under the ticker SPCX.

SpaceX has not yet commented on the subscription status.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

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Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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