Is this the right time to exit from Space Exploration Technologies Corporation?
Jun 17, 2026
Company Overview
Space Exploration Technologies Corp. (SpaceX) (NASDAQ: SPCX) is conducting an initial public offering of 555,555,555 shares of Class A common stock at an expected IPO price of USD 135.00 per share. The offering is expected to raise approximately USD 74.4 billion in net proceeds (or USD 85.7 billion if the underwriters' over-allotment option for an additional 83,333,333 shares is exercised in full), representing one of the largest IPOs in US history. The company has applied to list its Class A common stock on The Nasdaq Stock Market LLC and Nasdaq Texas, LLC under the ticker symbol "SPCX."
Initial Public Offering
The company launched its IPO on June 12th, 2026, under the ticker SPCX and sold approximately 555,555,555 shares of Class A Common Stock at USD 135.00 per share. We had covered this IPO in our 'Kalkine IPO Report' on June 08, 2026, and had concluded that this IPO was "Attractive" given the “SpaceX's unrivaled competitive moat in launch services, the world's only profitable LEO broadband network at scale, the first gigawatt-scale AI training infrastructure, a clear strategic roadmap to capitalize on the USD 28.5 trillion addressable market through Starship-enabled next-generation capabilities.”
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