| Company | Exchange | IPO Year | Shares Offered | Raise Amount | Valuation at IPO |
|---|---|---|---|---|---|
| 🚀 SpaceX Projecting | Nasdaq | 2026 (est.) | ~4.3% float (est.) | $75B | $1.75T |
| 🛢️ Saudi Aramco Current Record | Tadawul | 2019 | 1.5% float | $29.4B | $1.7T |
| 🛒 Alibaba | NYSE | 2014 | — | $25.0B | $168B |
| 🚗 Uber | NYSE | 2019 | — | $8.1B | $75B |
| 🏠 Airbnb | Nasdaq | 2020 | — | $3.5B | $47B |
* SpaceX figures are analyst estimates based on Bloomberg/Reuters (March 2026). Actual IPO terms TBD.
| Ticker | Vehicle | SpaceX Allocation | Access | Note |
|---|---|---|---|---|
| XOVR | XOVR ETF | Retail | Publicly traded ETF | |
| DXYZ | Destiny Tech100 | Retail | Closed-end fund; may trade at premium/discount | |
| ARKVW | ARK Venture Fund | Accredited | ARK Innovation venture sleeve | |
| RONB | RONB Fund | Retail | Variable allocation | |
| SATS | EchoStar Corp | Retail | Direct SpaceX stake; pending regulatory approval |
⚠️ Allocations are approximate and change frequently. This is not investment advice. Past performance does not guarantee future results. Verify current allocations with fund providers before investing.
In February 2026, SpaceX and xAI completed an all-stock merger, creating a combined entity dubbed "Orbital Intelligence" by industry analysts. The merger merged xAI's large language model capabilities (Grok) with SpaceX's Starlink satellite network — creating a vertically integrated AI + connectivity platform.
The merger drove SpaceX's valuation from ~$350B (late 2024) to $1.75 trillion — a 5× jump — as markets priced in the synergies between Grok's AI capabilities and Starlink's global broadband infrastructure.
The SEC has scrutinized xAI disclosure requirements, which is one factor behind the confidential filing approach. Bloomberg and Reuters confirmed the valuation and IPO timeline in March 2026.
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Elon Musk Key-Man ConcentrationSpaceX's valuation, brand, and execution are deeply tied to Elon Musk personally. His concurrent roles at xAI, Tesla, and DOGE present distraction and succession risk. SEC may require enhanced disclosures on founder dependency.
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SEC xAI Merger Disclosure ScrutinyThe February 2026 all-stock xAI merger is being scrutinized by the SEC for disclosure requirements. This complexity may delay the S-1 process or require additional amendments.
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Starship Flight 12 Technical MilestoneA Starship Flight 12 launch failure in April 2026 could materially impact the IPO timeline and investor sentiment heading into the roadshow window.
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$75B Raise Requires Extreme DemandThe $75B raise would be 2.5× the current record. Absorbing this amount of supply requires exceptional institutional and retail demand across global markets simultaneously.
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Starlink Regulatory & Competitive RiskStarlink faces growing competition from Amazon's Project Kuiper and regulatory challenges in multiple jurisdictions. As the primary profit center, any disruption to Starlink revenue ($10B+) would significantly impact valuation.
| Round | Amount | Date | Valuation | Lead Investors |
|---|---|---|---|---|
| Tender Offer | $1.25B | Dec 2024 | $350B | Multiple Investors |
| Series R | $2.0B | Jun 2024 | $210B | Andreessen Horowitz |
| Series N | $750M | Feb 2021 | $74B | Sequoia Capital |
| Series K | $1.9B | Aug 2020 | $46B | Sequoia Capital |
| Series F | $1.0B | Jan 2015 | $12B | Google, Fidelity |
| Series D | $200M | Jun 2012 | $2.4B | DFJ, Founders Fund |
| Series A | $100M | Aug 2006 | $500M | Founders Fund |
🚀 Get Notified When the S-1 Drops
We'll email you the moment SpaceX files its S-1 with the SEC, when the roadshow kicks off, and when the IPO price is set. No spam — just the signal.
When is the SpaceX IPO date?
SpaceX is targeting a Nasdaq listing in June 2026. The path to that date: confidential S-1 filing expected late March/early April 2026 → public S-1 approximately 3-4 weeks later → roadshow in May → pricing and first day of trading in June.
What is the SpaceX IPO valuation?
Post-xAI merger valuation: approximately $1.75 trillion, confirmed by Bloomberg and Reuters in March 2026. This is higher than Saudi Aramco's $1.7T IPO valuation in 2019. The raise target is $75B, which would make it the largest IPO in history by a significant margin.
How can I invest in SpaceX before the IPO?
Four liquid options: XOVR ETF (16.2% SpaceX allocation), DXYZ Destiny Tech100 (23%), RONB (14–22%), and EchoStar (SATS) which holds a direct SpaceX stake. Accredited investors can access ARKVW (ARK Venture Fund). See the full comparison table above.
What ticker symbol will SpaceX trade under?
The expected ticker is SPCE on Nasdaq, though the official ticker won't be confirmed until the S-1 is filed. Note: Virgin Galactic previously traded as SPCE before rebranding, so there may be changes.
What is the retail allocation for the SpaceX IPO?
SpaceX is reportedly allocating 30% of IPO shares to retail investors — approximately 3× the typical Wall Street norm of ~10%. This is an unprecedented move designed to maximize public participation and brand loyalty among SpaceX fans.
How do I monitor the SpaceX S-1 filing on EDGAR?
Visit EDGAR full-text search and search for "Space Exploration Technologies Corp" filtered to S-1 forms filed after January 2026. Or use the button above to jump directly. Subscribe to the watchlist above to get an instant email notification.