Introduction
SpaceX is a space exploration, telecommunications, and AI company founded by Elon Musk that has been valued at approximately $1.75 trillion, and has been widely speculated as an IPO candidate for years. On June 12, 2026, it will be available for public access on all standard US stock brokerage accounts under the ticker SPCX on Nasdaq. To buy SpaceX IPO shares before the public offering opens, you must hold an account with one of the five exclusive IPO distribution partners: Fidelity, Charles Schwab, Morgan Stanley's E*Trade, Robinhood, and SoFi. For investors outside the US or any investors seeking leveraged exposure after listing, TMGM's CFD platform offers an alternative route once the instrument becomes available. For a broader overview of the IPO itself, see our SpaceX IPO: Everything You Need to Know guide.
How to Buy or Invest in SpaceX IPO?
There are three ways to buy SpaceX IPO shares: applying for pre-IPO access through one of five exclusive broker partners (Fidelity, Charles Schwab, Morgan Stanley's E*Trade, Robinhood, and SoFi), purchasing SPCX on the open market once public trading begins on June 12, or trading SpaceX via CFD through TMGM for leveraged exposure without a US brokerage account.
Investing in SpaceX IPO Stocks – Which Method Is Right for You?
Pre-IPO Access: The five exclusive IPO brokers
Fidelity, Charles Schwab, Morgan Stanley's E*Trade, Robinhood, and SoFi are the only retail platforms with formal allocation agreements to distribute SpaceX shares at the IPO price of $135. If your account is with one of these five, follow the steps below. Each platform has its own minimum requirement: Fidelity requires $2,000 in a retail brokerage account, Schwab requires a reported minimum liquid net worth threshold of $100,000, and Robinhood and SoFi require only a standard active investing account.
Important: Submitting a request through any of these brokers is not a guarantee of allocation. Given the anticipated scale of demand, many retail investors may receive a partial allocation or none at all. Fidelity has indicated it may use a lottery system if demand significantly exceeds supply.
Step 1: Sign Up and Open Your Account
If you do not already have an account with one of the five IPO partners, open one before the submission deadline. Identity verification (KYC) is required by all regulated brokers and typically takes one to two business days, though some platforms process it within minutes. Fund your account before the indication of interest window closes — unfunded accounts are ineligible.
Step 2: Select the Offering
Log in to your brokerage and navigate to the IPO section. On Fidelity, this is the IPO Calendar. On Robinhood, it appears under IPO Access. On SoFi, it is the IPO Center. Locate the SpaceX (SPCX) offering and open the listing page.
Step 3: Select Your Account
Choose the specific brokerage account you want to use for the IPO request — particularly relevant if you hold multiple account types (individual taxable, IRA, joint). Not all account types are eligible for IPO participation across all platforms. Confirm eligibility with your broker before proceeding.
Step 4: Download the Prospectus
Before submitting any request, download and review the SpaceX S-1 or final prospectus. This document contains the official IPO price, share structure, use of proceeds, and material risk factors. Submitting an indication of interest without reviewing this is trading blind.
Step 5: Answer FINRA Rule 5130 and 5131 Qualification Questions
All IPO-eligible brokerage platforms are required under FINRA Rules 5130 and 5131 to confirm that you are not a restricted person. Rule 5130 restricts participation from certain financial industry professionals and their immediate family members. Rule 5131 prohibits IPO allocations to executives or directors of public companies who may be in a position to direct investment banking business. You will be asked to confirm your status before your request can be submitted. Answer accurately — false certification is a regulatory violation.
Step 6: Submit Your Indication of Interest for Share Quantity
Enter the number of shares you want to purchase. This is a non-binding indication on most platforms (SoFi, Fidelity) or a conditional offer to buy (Robinhood, Schwab). You are indicating how many shares you want — not how many you will receive. Set your quantity based on your actual capital commitment at $135 per share, not on the assumption that you will be scaled down.
Step 7: Review and Confirm
Review all details before submitting: the offering name, the share quantity, the price (approximately $135 per share), and the total estimated commitment. Confirm your submission before the platform's deadline. Schwab's COTP window typically closes at 4:00 p.m. ET the day before pricing (June 11), with affirmation required by 7:00 a.m. ET on June 12.
Step 8: Wait for Allocation Alert
After the submission deadline closes, the underwriters finalize the allocation. You will receive a notification on the morning of June 12 confirming whether you received shares and how many. If allocated, shares will be purchased at the $135 IPO price and reflected in your account. If not allocated, no funds are drawn.
Public Access: Any standard US brokerage
If you are not with one of the five partners, you can still purchase SPCX on the open market once public access becomes available on June 12. You will not receive shares at the $135 IPO price, but you will have access to the same publicly traded stock at the live market price through any standard US brokerage. See the next section for the step-by-step process on IPO day.
TMGM via CFD Access
For investors who are outside eligible US markets, prefer not to open a US brokerage account, or want leveraged directional exposure to SPCX price movements, TMGM offers CFD access once the instrument becomes available after IPO. This route does not require navigating the IPO allocation process and allows both long and short positions, leverage, and swap-free options.
Important: Am I Guaranteed Shares if I buy through pre-IPO Access?
No. Submitting a request or "indication of interest" is not a guarantee of allocation. Given the scale of anticipated demand, many retail investors may receive a partial allocation or no allocation at all. Platforms like Fidelity have indicated they may use a lottery system if demand significantly exceeds supply.
How to Buy SpaceX Stock on IPO Day
If you did not receive an IPO allocation — or if you are using any standard brokerage outside the five partners — you can buy SPCX directly on the open market starting June 12, 2026, once public access becomes available.
The process is a standard equity trade. We will use TMGM as an example, as steps are similar on most brokerage platform:
Log in to your TMGM MetaTrader 5 trading account.
Open the Market Watch window and search for the SpaceX instrument (SPCX CFD, when available).
Click on the instrument to open its price chart.
Select New Order from the toolbar or right click the chart and select Trading > New Order.
Enter your preferred trade size (volume).
Choose your execution method:
Market Execution — opens the trade at the current market price.
Pending Order — allows you to set a specific entry price, such as a Buy Limit or Buy Stop order.
Optionally set a Stop Loss and Take Profit level to manage risk.
Review the order details carefully.
Select Buy if you expect the price to rise or Sell if you expect the price to fall.
Confirm the order to place the trade.
Unlike purchasing IPO shares through a stockbroker, trading a CFD does not provide ownership of SpaceX stock. Instead, traders speculate on price movements and can potentially profit from both rising and falling markets.
Pro Tip: On IPO day, opening prices frequently spike well above the IPO price as market-on-open demand is absorbed. A limit order protects you from buying at a slipped price. Consider establishing your price ceiling before the open rather than chasing the first print.
On the Fidelity IPO flipping policy: If you received IPO shares through Fidelity and sell within the first 15 calendar days of trading, you will be flagged as a "flipper." A first offense restricts access to future IPO allocations. A third offense results in a permanent restriction by SSN. This policy does not apply to open-market purchases made after listing.
What Are the SpaceX IPO Details?
IPO Filing and Date
SpaceX filed its S-1 registration with the SEC in May 2026, with an amended S-1/A following shortly before pricing. The IPO is scheduled for June 12, 2026, listing on Nasdaq (and Nasdaq Texas, a newly established exchange). The roadshow and book-building period concluded in the week leading up to pricing, with final allocation confirmed on the morning of June 12.
Ticker Symbol
SpaceX will trade under the ticker SPCX on the Nasdaq exchange. Before June 12, this ticker will not yet be active on secondary markets.
IPO Price
The targeted IPO price is $135 per share. This is the price at which shares are issued to IPO participants through the five exclusive brokerage partners. The open-market trading price on June 12 will be determined by live supply and demand circumstances and may open meaningfully above or below $135 depending on order flow.
At $135 per share, SpaceX is being valued at approximately $1.75 Trillion — which would make this the largest IPO in US market history, surpassing Saudi Aramco's 2019 listing. Up to 30% of shares in this offering are being allocated to retail investors, a figure significantly higher than the 5–10% typically reserved for retail in major IPOs.
What Does SpaceX Do?
SpaceX (Space Exploration Technologies Corp.) is a private American aerospace manufacturer and space transportation company headquartered in Starbase, Texas. Founded by Elon Musk in 2002, it designs, manufactures, and launches rockets and spacecraft. Its current active programs include the Falcon 9 orbital launch vehicle, the Falcon Heavy heavy-lift rocket, the Starship super-heavy launch system (currently in development and testing), and the Dragon spacecraft used for NASA crew and cargo missions to the International Space Station.
Besides launch services, SpaceX operates Starlink, a low-Earth-orbit broadband satellite constellation that has grown to over 6,000 satellites and serves millions of subscribers globally. Starlink has expanded into maritime, aviation, and military connectivity markets, making it a meaningful commercial and geopolitical asset.
SpaceX also holds significant government contracts, including a NASA Artemis contract for the Human Landing System (lunar lander), multiple DoD launch contracts, and classified national security satellite missions.
Revenue Model
SpaceX's revenue is generated across three primary streams:
Launch services — Commercial and government customers pay per launch. Falcon 9 is the world's most-launched orbital rocket, with reusable first-stage boosters reducing per-launch cost dramatically. Each Falcon 9 mission generates an estimated $60–70 million in revenue depending on contract type and reuse history.
Starlink subscriptions — Consumer and enterprise subscribers pay monthly fees ranging from $120 (residential) to $5,000+ (maritime/aviation enterprise). With millions of active subscribers and ongoing global expansion, Starlink is widely understood to be SpaceX's fastest-growing and most scalable revenue line — and the division that underpins the company's long-term commercial valuation.
Government and defence contracts — Multi-year contracts with NASA, the US Space Force, and classified government agencies provide significant recurring contract revenue, partially decoupled from commercial market cycles.
The company reported revenue of approximately $8 billion in 2023, growing to an estimated $13 billion in 2025, with Starlink being the primary driver of year-over-year growth acceleration.
How to Profit from SpaceX IPO While Managing Risk
IPO stocks are structurally different from established equities and carry a specific risk profile that investors must understand before committing capital to SPCX — whether at the IPO price or in open-market trading.
First-day volatility is not a signal.
IPO stocks frequently open at a significant premium to the offering price due to pent-up demand, then retrace sharply as early holders take profit. A strong open does not confirm fundamental value, and a weak open does not mean the investment case is broken. Avoid making decisions based on the first 30 minutes or even the first few days of trading depending on the situation.
Limit orders are essential on IPO day.
Market orders can execute at extreme prices. If you are buying SPCX on June 12 through the open market, set a limit price that will protect your account balance.
Position sizing relative to your portfolio matters more than entry price.
Even if SPCX is fairly valued at $135, it is a speculative position at IPO. Concentrating more than a defined allocation (many professional investors cap new IPO positions at 1–3% of a portfolio) into a single high-momentum name increases drawdown risk disproportionately.
Lock-up schedule (Lock-up Period) affects future price.
SpaceX employees, early investors, and insiders are subject to a lock-up period — typically 180 days from the IPO date — during which they cannot sell their shares. When the lock-up expires in approximately December 2026, a large volume of insider shares becomes eligible for sale. This creates a predictable structural headwind that often coincides with price pressure. Factor this into any medium-term holding plan.
CFD leverage amplifies both gains and losses.
If you are accessing SPCX exposure through TMGM's CFD product rather than buying shares directly, leverage magnifies your position relative to your margin. A 10x leveraged position on a 10% move can result in a 100% margin loss. Set stop-loss levels before entering and size positions according to your risk tolerance, not your price conviction.
