SpaceX has pulled in more than $70 billion in retail investor orders alone ahead of its initial public offering, a number that would be staggering for most companies’ entire fundraise. For SpaceX, it represents just one slice of the pie.
The company is targeting a $75 billion raise by selling 555.6 million shares at a fixed price of $135 each. That would value Elon Musk’s rocket and satellite venture at roughly $1.75 to $1.8 trillion, placing it in the same atmospheric layer as Apple, Microsoft, and Nvidia. Trading is expected to begin on Nasdaq under the ticker SPCX, with pricing targeted for June 11, 2026.
Demand that dwarfs the offering
Total demand for the IPO, combining institutional and retail interest, has ballooned past $250 billion. That makes the offering roughly 3.5 to 4 times oversubscribed. Some individual institutional orders reportedly exceed $10 billion on their own.
The IPO includes a 30% allocation earmarked for retail investors, which works out to approximately $22.5 billion in shares available to everyday buyers. Those shares are accessible through platforms like Robinhood, Fidelity, Schwab, SoFi, and E*Trade. The $70 billion-plus in retail orders alone means that segment is oversubscribed by more than three times its allocation.
