SpaceX’s Stock IPO on June 12th, 2026 was the largest US IPO ever (by valuation). The stocks initial IPO price was $135 a share. What made this IPO interesting, was not only the unique exceptions made by the various exchanges and indexes, but also the limited number of shares outstanding during the initial IPO.
Put quite simply, supply was low, and demand was high.
We will examine the details of the initial public offer, and learn more about the lockup periods that may increase supply and future dilute the shares, which may lead to a reduction in price (all things equal) once more shares enter the market.
SpaceX Stock IPO Overview
- IPO Date: June 12, 2026
- IPO Shares: ~555.6 million (Class A)
- IPO Raised: $75 Billion
- IPO Valuation: $1.77 Billion
- IPO Asking Price: $135/share
- IPO Opening Price: $150
- IPO Closing Price: $161
Nasdaq Listing “Fast Entry”
SpaceX was granted a unique exception when listing. On May 1st, 2026, the Nasdaq-100 adopted a new rule where those listings whose market cap ranked in the top 40 were allowed to join the index after just 15 trading days. This is commonly referred to as “Fast Entry”.
Without “Fast Entry” a company would normally require a period of stabilization of about 3-months. Then depending on the IPO date, the company would have to wait for Nasdaq’s annual reconstitution which occurs in December.
For more information: NASDAQ Listings
SpaceX Stock IPO Employee Lockup Timeline
Most lockup periods follow a simple 180-day schedule. The SpaceX Stock IPO Employee Lockup timeline follows a more unique approach.
Review the table below for more information about the lockup period and the potential SpaceX Stock IPO shares available for trade at each event:
| Event | Number of Shares | Percent Unlocked |
|---|---|---|
| 6/12/26 (IPO) | ~0.64B | ~4.8% |
| 8/6/26 (First Unlock) | ~1.55B | ~11.8% |
| 8/20/26 (Day-70 Employee) | ~1.87B | ~14.2% |
| 9/10/26 (Affiliate) | ~1.93B | ~14.6% |
| 9/10/26 (Day-90 Employee) | ~2.25B | ~17.1% |
| Late October (Day 135 Employee) | ~3.21B | ~24.3% |
| Q3 Earnings (28% Employee) | ~4.51B | ~34.2% |
| 12/8/26 (Day-180) | ~5.31B | ~40.3% |
| Q2 2027 (Extended Schedule) | ~6.78B | ~51.4% |
| June 12th, 2027 (Musk) | ~13.18B | ~100% |