Analysis: There’s a small cohort of New Zealand investors who will be able to participate in the launch of what is shaping up to be the biggest company listing on a US stock exchange in history.
Usually, when it comes to a major listing, everyday investors are left on the outside in the early stages of an IPO.
This will again be the case with the listing of SpaceX, which some analysts predict will have a value of US$1.7 trillion (NZ$2.9 trillion) once it hits the market on 12 June 2026.
That valuation will be determined by what’s called the “ground floor” price – which is the exact price per share that wholesale and institutional investors pay to buy into a company before it begins trading on the public stock exchange.
So, yes, you read that correctly: there is a cohort of individuals who will be able to buy SpaceX stock before the listing actually happens.
