SpaceX's $75 Billion IPO Draws About $150 Billion in Orders as Books Close June 10 Ahead of Nasdaq Debut
Institutional demand for SpaceX's record initial public offering has far outstripped supply, with order books set to close at 4 p.m.
At a glance
- SpaceX IPO order books close at 4 p.m. New York time on Wednesday, June 10, 2026
- Orders total around $150 billion, roughly twice the $75 billion SpaceX seeks to raise, per Bloomberg
- Several institutional investors each placed orders of approximately $10 billion or more
- SpaceX is selling 555,555,555 Class A shares at a fixed price of $135 per share
- Pricing is scheduled for June 11 with trading to begin June 12 on Nasdaq under ticker SPCX
VERDICT — CONFIRMED
Institutional demand for SpaceX's record initial public offering has far outstripped supply, with order books set to close at 4 p.m. New York time on Wednesday, June 10, ahead of pricing on June 11 and a Nasdaq debut on June 12 under ticker SPCX. Bloomberg reported June 8 that the offering is well oversubscribed, with orders totaling around $150 billion — roughly twice the $75 billion SpaceX aims to raise — and several institutional investors each submitting orders of approximately $10 billion or more.
SpaceX filed terms to sell 555,555,555 Class A shares at a fixed $135 apiece, implying a valuation near $1.8 trillion, which would rank the company among the largest in the U.S. market and make the deal more than triple the size of Alibaba's 2014 listing, the biggest U.S. IPO to date. Up to 30% of the offering is reserved for retail investors, well above the 5%-10% typically allocated.
Goldman Sachs is lead banker, joined by Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase in a syndicate of more than 20 banks. Elon Musk will retain more than 82% voting control after the offering. Not all observers endorse the terms: Morningstar has valued SpaceX at roughly $780 billion, less than half the IPO target.
Why it matters
a book covered roughly twice over entering Wednesday's close all but assures the largest IPO in history prices at $135 on June 11, setting up a liquidity event that will reshape index flows and retail-allocation benchmarks.
Update log · verification desk
Key facts on file
- SpaceX IPO order books close at 4 p.m. New York time on Wednesday, June 10, 2026
- Orders total around $150 billion, roughly twice the $75 billion SpaceX seeks to raise, per Bloomberg
- Several institutional investors each placed orders of approximately $10 billion or more
- SpaceX is selling 555,555,555 Class A shares at a fixed price of $135 per share
- Pricing is scheduled for June 11 with trading to begin June 12 on Nasdaq under ticker SPCX
- Up to 30% of the offering is reserved for retail investors, versus a typical 5%-10%
- Elon Musk will retain more than 82% voting control after the offering
- Morningstar values SpaceX at roughly $780 billion, less than half the IPO valuation target
