How to Invest In SpaceX (SPCX) — And How Not To

SpaceX is set to launch the largest initial public offering in history, debuting on the Nasdaq under the ticker “SPCX” at $135 per share and targeting a $1.75 trillion market capitalization [1][2]. The company aims to raise $75 billion in the offering [1]. SpaceX is the world’s largest space launch provider, accounting for roughly half of all orbital launches worldwide last year, and its Starlink satellite internet constellation generates the bulk of the company’s income [1][2]. The firm also owns the social media platform X and recently acquired xAI, Elon Musk’s artificial intelligence company [1][2]. As of 2026, SpaceX conducts more orbital launches annually than any other launch provider, including private competitors and national programs like the Chinese space program [2]. Retail investors seeking IPO shares face narrow access. Direct IPO participation is limited to accounts at five specific brokerages, and the offering is already oversubscribed [1]. Several of those brokers enforce anti-flipping policies that can suspend investors who resell shares within 30 days, and SoFi charges an additional $50 fee on a first sale of IPO shares within 120 days [1]. Index fund investors will gain exposure quickly. Nasdaq shortened its waiting period for index inclusion to as little as 15 days for companies that rank within the top 40 largest on the exchange and have at least $5 million in average daily trading volume [1]. FTSE Russell will add newly-public companies that meet its minimum market cap to its Russell 500 large-cap index within five trading days of their IPOs [1]. S&P Dow Jones Indices, however, announced on June 4 that it will not change its rules to fast-track the inclusion of new mega-cap IPOs like SpaceX in the S&P 500, meaning S&P 500 funds will not hold the stock for at least one year [1]. SpaceX was founded by Elon Musk in 2002 with the goal of decreasing space launch costs and has since developed the reusable Falcon 9 rocket, which has landed and flown again nearly 650 times as of May 2026 [2]. The company began operating its Starlink satellite constellation in 2019 and its Dragon 2 crewed capsules in 2020 [2]. Its prospectus shows the company lost $1.69 per share last year and broke even in 2024 [1]. Financial planner Douglas Boneparth noted that investors are paying roughly $1.75 trillion for a company that still loses money, adding that the xAI merger “bolted a cash-burning AI bet onto the rocket business” [1].