SPCX (Space Exploration Technologies Corp. / SpaceX)

Exciting news on the listing of SPCX. Space Exploration Technologies Corp. known worldwide as SpaceX is the world's leading private aerospace company, the operator of Starlink (the world's largest satellite broadband network), and the only company to have achieved routine reusable rocket launches at commercial scale. SpaceX began trading on Nasdaq under the ticker "SPCX" on June 12, 2026 the largest IPO in recorded history.

SPCX is available on the Raseed platform $SPCX

Key Facts:

  • Founded in 2002 by Elon Musk, SpaceX designs, manufactures, and launches rockets and spacecraft. The company employs approximately 22,000 people and operates from facilities in Hawthorne (California), Cape Canaveral (Florida), and Boca Chica (Texas). It has completed over 400 orbital missions to date and is responsible for approximately half of all global orbital rocket launches in 2025.

  • SpaceX operates three business segments: (1) Launch Services — commercial and government rocket launches for NASA, US Space Force, and commercial satellite operators; (2) Starlink — satellite broadband serving 10.3 million subscribers across 100+ countries as of Q1 2026; (3) xAI — artificial intelligence segment absorbed through the February 2026 merger with Elon Musk's AI company xAI, adding the Colossus data centre with 220,000+ NVIDIA GPUs.

  • Starlink is the only profitable segment — generating $11.4 billion in revenue (61% of total) and $4.4 billion in operating profit in 2025. Starlink subscribers grew from 8.9 million (end-2025) to 10.3 million in Q1 2026, across 100+ countries.

  • Full-year 2025 revenue: $18.5 billion (+33% year-on-year). GAAP net loss 2025: approximately $4.9 billion — driven by xAI infrastructure and Starship development costs. Q1 2026 revenue: +15% year-on-year.

  • The company filed its S-1 with the SEC on May 20, 2026, and Amendment No. 1 on June 1, 2026 (reg. 333-296070). The roadshow opened June 4. Pricing was set on June 11 at a fixed $135 per share. Trading began June 12, 2026.

  • Geographic operations: Global. Launch services from Florida and California. Starlink serves 100+ countries and territories.

  • Key investors (pre-IPO): Founders Fund (Peter Thiel), Fidelity, Google. NASA and US Department of Defense are major government customers.

  • IPO information: 555,600,000 Class A shares offered at a fixed price of $135.00 per share. Underwriters hold an option to purchase an additional 83,330,000 shares. Up to 30% of IPO shares reserved for retail investors — approximately three times the standard retail allocation. Up to 5% reserved for direct employee purchase.

  • IPO Price: $135.00 per share (fixed price).

  • Total raise: $75 billion — the largest capital raise in IPO history, more than double Saudi Aramco's record of $29.4 billion (2019).

  • IPO Valuation: Approximately $1.75–1.77 trillion USD — the largest IPO valuation in history.

  • Stock symbol: SPCX

  • Exchange: Nasdaq

  • Lead underwriters: Goldman Sachs (lead left), Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital Markets, UBS, Wells Fargo, Allen & Company, Cantor, Needham, Raymond James, Societe Generale, Stifel, William Blair, BTG Pactual, ING, Macquarie Capital, Mirae Asset Securities, Mizuho, Santander total of 23 financial institutions.

  • Share structure: Dual-class. Elon Musk retains over 82% voting control post-IPO.

Website: spacex.com

Logo:

Sources: