What just happened
On June 12, 2026, SpaceX priced its IPO at $135 per share on the NASDAQ exchange under the ticker SPCX. The company raised $75 billion, the largest IPO in history, roughly three times the size of Saudi Aramco's record-breaking 2019 offering. Shares closed at $161 on the first day, a 19% jump that pushed SpaceX's market capitalisation past $2 trillion intraday.
SpaceX is now a publicly traded company on the US markets. That means any investor with access to US stocks can buy a slice of it, including from Cameroon, via Amarah.
What you are actually buying
SpaceX operates two businesses that are now both part of the public company. The first is its launch operation: SpaceX's Falcon 9 rocket is the most reliable and cost-competitive orbital launcher ever built, and the company executes more than 60% of all global orbital launches. The second, and increasingly dominant, business is Starlink.
Starlink is SpaceX's satellite internet service, which has connected over 7 million subscribers across more than 100 countries using a constellation of low-orbit satellites. It generated $11.4 billion in revenue in 2024, representing approximately 58% of SpaceX's total revenue and growing at 50% annually. Starlink is the engine behind the $1.75 trillion valuation.
Why retail investors got an unusually large allocation
Most tech IPOs allocate 5–10% of shares to retail investors, with the rest going to institutional funds. SpaceX broke from convention and allocated up to 30% of the offering to the general public. This was deliberate, Starlink's consumer-facing product means millions of ordinary people are already customers, and the company wanted them to be able to become owners too.
For investors on platforms like Amarah, this matters because SpaceX is now accessible on the same exchange and via the same infrastructure as every other US stock, fractional shares, no accredited investor requirements, starting from your usual minimum.
The honest risk picture
SpaceX at a $1.75 trillion valuation is priced for extraordinary future growth. The company posted a net loss of approximately $5 billion in 2025, it is investing heavily in the Starship programme, next-generation Starlink satellites, and long-term Mars infrastructure. At this valuation, you are betting that Starlink's growth continues at scale and that SpaceX maintains its competitive position as Amazon's Kuiper constellation and other rivals expand.
The stock also carries real concentration risk around Elon Musk's leadership and the company's dependence on US government launch contracts. When buying at first-day prices, you are not buying a cheap asset, you are paying for future potential. If you buy SPCX, treat it as a long-term position in a genuinely transformational business, not as a short-term trade.
The bottom line
SpaceX is now public. It is one of the most consequential companies of the 21st century, rockets, satellites, global internet, and eventually Mars. It now trades on NASDAQ, and it is accessible to any investor with access to US markets. The access barrier that existed for the past two decades no longer exists.
Ticker: SPCX. Exchange: NASDAQ.
◆ Amarah, Launching soon
Ready to invest?
Join the Amarah waitlist, priority access, 5 free trades.
Join the waitlist →