#SpaceXIPOAttractsOver250BillionInOrders SpaceX IPO Latest Update (June 12, 05:00 UTC)

Today marks the official Nasdaq trading debut of SpaceX under the ticker SPCX, making it one of the most significant listings in market history.

The IPO price has been officially set at $135 per share, with approximately 555.6 million shares issued. This raises around $75 billion and values the company at nearly $1.77 trillion, positioning it as the largest IPO ever recorded, surpassing previous global benchmarks.

Investor demand has been extremely strong, with total subscription orders exceeding $250 billion, resulting in an oversubscription of about 3.5 to 4 times. Retail investors alone contributed over $100 billion in orders, while major institutional players placed multi-billion-dollar bids. The final pricing was fixed without a range adjustment, reflecting strong pre-market confidence.

Market expectations for the first trading session suggest a possible 20% upside, with estimated opening levels between $160 and $170. However, recent declines in gray market premiums indicate that sentiment is becoming more balanced ahead of listing. The stock is also expected to be fast-tracked into the Nasdaq-100 index, which could trigger additional passive fund inflows shortly after debut.

From a fundamental perspective, the company reported $187 billion in revenue in 2025, with Starlink remaining its only profitable segment and surpassing 10.3 million subscribers. Despite strong revenue growth, the company posted a net loss of $49.4 billion, largely due to aggressive investments in artificial intelligence and infrastructure expansion. Capital expenditure reached approximately $101 billion in Q1 2026, with a significant portion directed toward AI development. Meanwhile, Starlink’s average revenue per user has declined from $99 in 2023 to $66 in early 2026, reflecting pricing pressure and market expansion dynamics.

The overall outlook presents a mixed picture. On one hand, strong oversubscription, Nasdaq-100 inclusion potential, and long-term AI and space infrastructure narratives support bullish sentiment. On the other hand, extremely high valuation levels, ongoing losses, heavy cash burn, and weakening unit economics introduce substantial risk. Additionally, reduced gray market premiums suggest that some investors are becoming cautious at current pricing levels.

In summary, the first day of trading is expected to be highly volatile, with short-term price swings driven by sentiment and liquidity. Long-term performance will likely depend on execution in AI infrastructure, satellite internet growth, and the company’s ability to move toward sustainable profitability.