The IPO Buzz: SpaceX (SPCX Proposed) Ready to Blast Off into IPO History

All eyes are on SpaceX (SPCX Proposed) this week. SpaceX (SPCX Proposed) is set to price its $75 billion IPO and blast off into IPO history as the largest IPO ever.

“Take it up to 11,” a veteran IPO pro says – describing the perception of the deal on Wall Street and Main Street. He may have been referring to its pricing date – Thursday, June 11 – as well. The iconic phrase is from the late Rob Reiner’s rock mockumentary This Is Spinal Tap.”

SpaceX (SPCX Proposed) is set to start trading on Friday, June 12, 2026, on NASDAQ.

The SpaceX IPO consists of 555.6 million shares at $135 per share to raise $75 billion. At pricing, SpaceX would have a market cap of $1.77 trillion.

The SpaceX IPO is set to take the record breaker’s mantle from the Saudi Aramco IPO deal, which raised $25.6 billion in December 2019. (The Saudi Aramco IPO’s record haul was increased to $29.4 billion with the exercise of the greenshoe, Reuters reported on Jan. 12, 2020.)

Goldman Sachs and Morgan Stanley are leading the joint book-runners’ team of 23 investment banks, including them. BofA Securities, Citigroup, J.P. Morgan, Barclays and Deutsche Bank Securities appear next – after Morgan Stanley – on the cover of the prospectus, with another 16 banks’ names on the list as well.

Rocket Man

SpaceX founder and CEO Elon Musk appeared remotely on Thursday, June 4, at a big party at J.P. Morgan’s New York headquarters, “with CEO Jamie Dimon interviewing Musk in front of 3,500 of the bank’s top clients,” according to Business Insider tech reporter, Tom Carter. Maye Musk, the billionaire’s mother, made “a special guest appearance,” Carter reported. (Props to Carter and his unsung editors.)

SpaceX does not make money. SpaceX reported a net loss of $8.69 billion on revenue of $19.3 billion for the 12 months that ended March 31, 2026. The company was founded in 2002.

An IPO investor, whose father was in the Air Force, told IPOScoop why he’s interested in SpaceX.

“Elon’s got those reusable rockets. That’s going to save a ton of money,” he said.

The company’s Space segment, though, does not make money. For the three months that ended March 31, 2026, SpaceX said in the prospectus that its Space segment had a $662 million loss from operations on revenue of $619 million. That’s right: The loss modestly exceed the revenue in the first quarter of 2026.

For the year that ended on Dec. 31, 2025, SpaceX said its Space segment had a $657 million loss from operations on revenue of $4.09 billion, according to the prospectus.

Even though the red  ink is flowing on the Space segment’s balance sheet, SpaceX is keeping the faith.

“We believe that space represents the largest economic frontier in human history,” the prospectus said.

(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.

To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.

Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Source: https://www.iposcoop.com/the-ipo-buzz-spacex-spcx-proposed-ready-to-blast-off-into-ipo-history/