SpaceX ahead of IPO: Musk plans the biggest IPO ever
The countdown is on: With the planned IPO of SpaceX, one of the most spectacular IPOs in financial history is imminent. For the first time, investors will have direct access to a company that has not only revolutionized space travel, but has also become a key driver of global communications infrastructure. Between ambitious plans for Mars, a Starlink business worth billions and the dominant role of Elon Musk, the crucial question now arises: is this the next big growth champion or a highly valued promise for the future with risks?
Historic IPO: SpaceX aims for record valuation
After years of speculation, SpaceX (Space Exploration Technologies Corporation) has submitted the official IPO documents and is planning the Nasdaq listing under the ticker symbol SPCX for June 12, 2026. 555 million shares are planned at an issue price of USD 135 per share. The target issue volume is up to USD 75 billion, which would make the IPO potentially the largest in history.
The prospectus also provides for a dual-class share structure. As a result, Elon Musk would retain around 85% of the voting rights despite the IPO and would continue to exercise strategic and operational control over the company. The proceeds from the IPO could be used to finance the expansion of the Starlink network, the development of the Starship spacecraft and future missions to the moon and Mars. For investors, the IPO offers the first opportunity to participate directly in the development of a company that has played a key role in shaping commercial space travel over the past two decades.
Structured products in connection with the IPO
In connection with the IPO, various financial instruments are available that reflect different risk classes and market opinions. These include not only leverage products such as warrants, warrants with knock-outs, mini-futures and constant leverage certificates, but also investment products such as the callable barrier reverse convertible.
These products track share price movements - sometimes disproportionately - and are associated with increased risks. Leveraged products in particular can lead to rapid and substantial losses, including the total loss of the capital invested.
Products are expected to be tradable with the IPO on Friday, June 12, 2026 at 3:30 pm. From Monday, June 15, 2026, the offering will be gradually expanded.
There are different risk and return profiles depending on the product. Before making an investment decision, investors should carefully examine how the products work and the associated risks.
SpaceX: From rocket pioneer to billion-dollar corporation in space
Space Exploration Technologies Corp (SpaceX) was founded by Elon Musk on March 14, 2002 and is headquartered in Hawthorne, California. Musk himself is CEO, with Gwynne Shotwell serving as President and COO. The company develops and operates launch vehicles such as the Falcon 9, Falcon Heavy and the Dragon spacecraft, as well as the Starlink satellite broadband network. The latter is the actual revenue center of the group. With several thousand satellites in orbit, the system provides millions of customers worldwide with internet access, particularly in regions with weak infrastructure. In 2025, Starlink generated around USD 11.4 billion of SpaceX's total revenue of USD 18.7 billion. At the same time, the company generated an operating profit of around 4.4 billion US dollars (Reuters). This means that SpaceX has long since developed from a pure space company into one of the most important technology and infrastructure groups in the world.