SpaceX is poised for a historic debut on the Nasdaq, with trading set to begin on June 12, 2026. The company has priced its initial public offering at $135 per share, targeting a capital raise of approximately $75 billion. At a valuation between $1.75 trillion and $1.8 trillion, SpaceX would rank among the world's most valuable enterprises.
Despite the official listing date still being months away, shadow markets are already pricing in significant upside. Crypto perpetual futures on platforms like Hyperliquid and Binance are valuing SpaceX exposure at roughly $162 per share. This represents a 20% premium over the IPO price, suggesting traders anticipate a substantial pop upon launch.
The institutional appetite has been described as staggering, with the offering reportedly four times oversubscribed. In a notable shift from traditional IPO norms, SpaceX is allocating 20-30% of shares to retail investors, compared to the typical 5-10%. This strategy aims to provide broader access at the offering price rather than forcing individual investors into expensive aftermarket trading.
Beyond traditional finance, demand has spilled over into decentralized assets. A tokenized version of SpaceX shares on Solana, labeled SPACEX/PreStocks, is trading at approximately $700 per token, reflecting intense retail speculation despite the disconnect from the official IPO price. Founded by Elon Musk in 2002, SpaceX reported $18 billion in revenue as of 2025, underpinning its status as a market leader in aerospace.
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