•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The SpaceX IPO is expected to be one of the largest stock-market events in recent memory. The deal is set to start trading Friday, with prediction markets generally expecting the shares to rise in their first session. Ahead of the listing, investors are weighing what they need to know about the offering, the company’s business, and how they can gain exposure.
Space Exploration Technologies, known as SpaceX, said it sold nearly 556 million shares at $135 apiece. The company raised about $75 billion, a figure that implies a market value around $1.8 trillion. The stock is expected to begin trading Friday under the ticker “SPCX.”
SpaceX is widely associated with rocket launches, which are closely watched and tracked online. However, the company’s business extends beyond launches. It launched 170 rockets last year and also operates the Starlink satellite-connectivity business, which has more than 10 million subscribers. SpaceX also has an AI business associated with the Grok chatbot and the X social-media app.
Retail investors may access SpaceX shares at the IPO price through their brokerages, depending on whether allocations are available. Investors considering this route are advised to review the terms carefully, as some offers may restrict when shares can be sold without penalties, such as reduced access to future offerings.
Alternatively, some investors may wait until after trading begins, either to participate in early market activity or to allow prices to stabilize.
Investors who want exposure to SpaceX without buying the stock can look to exchange-traded funds (ETFs). Some ETFs already hold pre-IPO stakes in the company, while other funds are expected to buy shares after the IPO. Investors are encouraged to check how much exposure each fund provides, as it is likely to vary, and to consider fund expenses and other factors beyond holdings.
Whether SpaceX shares move quickly into index funds is described as dependent on index inclusion timing. SpaceX is not expected to join major indexes on its first trading day. S&P Dow Jones Indices decided after a review not to update its criteria for inclusion in the S&P 500, which means SpaceX would likely not be included in that benchmark for at least a year.
Coinbase has launched a High Yield USDC vault within its in-app DeFi lending offering, adding a second lending option that provides exposure to a wider range of collateral assets. The product is powered by Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
