SpaceX is gearing up for what could potentially be the largest initial public offering in history, with regular investors being given a rare opportunity to purchase shares at the official offering price. The company recently filed its Form S-1 with the U.S. Securities and Exchange Commission, planning to list on the Nasdaq under the ticker symbol SPCX. The target price for each share is around $135, with SpaceX aiming to raise up to $75 billion through the IPO. Shares are expected to start trading on the public market as early as June 12, 2026. What sets this IPO apart is that reports suggest up to 30% of the total offering is reserved for everyday buyers, a significant increase from the usual 5% to 10% retail allocation seen in most major IPOs, increasing the chances of securing shares before public trading begins.
In the United States, individual investors can participate in the IPO directly through various major brokerages that have secured allocations at the same price as institutional investors. For example, Robinhood allows users to request shares through its IPO Access feature with no minimum account balance required. SoFi Active Investing also allows users to indicate their interest in the IPO directly through the app. Other platforms like Charles Schwab and Fidelity have specific requirements for investors to participate in the offering. E*TRADE, supported by Morgan Stanley, has not specified a minimum account balance for this particular IPO.
To take part in the IPO, investors need to open and fund an eligible account promptly, as allocation windows tend to close quickly. After completing the necessary investor questionnaires and reviewing the preliminary prospectus, users can submit their indication of interest during the official offering window, which typically runs from June 8 to June 11. Once the final price is determined, investors must log in to confirm their order manually, usually in the early hours of the listing date. Given the high demand for shares, it is likely that shares will be allocated on a pro-rata basis, meaning investors may receive only a partial fill or miss out on the initial allocation altogether.
For Canadian investors looking to access SpaceX shares, they can do so through domestic brokerages that offer access to U.S. exchanges. RBC Dominion Securities and RBC Direct Investing have reportedly secured a Canadian distribution allocation, allowing RBC clients to request access to the IPO at the offering price. Wealthsimple has also expanded its retail IPO platform to include major cross-border listings. Investors who wish to buy shares immediately when they hit the open market can do so through platforms like Questrade, Interactive Brokers, Qtrade, Scotia iTRADE, and CIBC Investor’s Edge.
Once trading begins, investors should be prepared for high volatility in the early stages. While SpaceX boasts significant growth potential, the prospectus highlights various risk factors, including substantial capital expenditures and losses associated with the development of Starship, Starlink infrastructure, and advanced AI systems.
It is essential for investors to conduct thorough research and consult with financial advisors before investing in the IPO. IPO investing carries inherent risks, and individuals should only invest what they can afford to lose. Reviewing the prospectus, checking current SEC filings, and coordinating with a licensed financial or tax advisor are crucial steps in making informed investment decisions.