On June 12, 2026, SpaceX made its debut on the Nasdaq under the ticker SPCX, in what will go down as the largest initial public offering in history. After years of transactions limited to secondary markets and institutional investors, shares in the company founded by Elon Musk are now available to any individual investor with a brokerage account.
This page covers what you need to know before investing in SpaceX: how the company works, the terms of its IPO, ways to access the SPCX share, how its price has moved, the governance structure put in place by Elon Musk, and the risks specific to this type of investment. We will also look at how Fundora provides access, ahead of an IPO, to companies operating in sectors comparable to SpaceX's.
SpaceX, Elon Musk's aerospace company
Founded in 2002 by Elon Musk and headquartered in Hawthorne, California, SpaceX (Space Exploration Technologies Corp.) has established itself in just over twenty years as the world's leading space launch operator. Its history is marked by several technological breakthroughs: the development of the first reusable launch vehicles with the Falcon 9 rocket, then the Falcon Heavy, and the ongoing development of Starship, the most powerful launch vehicle ever built, designed for missions to the Moon and Mars.
The company relies on three main revenue streams. Launch services (Falcon 9, Falcon Heavy) are its historic business and allow it to place payloads into orbit for clients as varied as NASA, commercial satellite operators and foreign government agencies. Starlink, the satellite internet network, is now its fastest-growing segment, with several million subscribers worldwide. Finally, the Starship program, still under development, is meant to carry the company's most distant ambitions, including the exploration of Mars that Elon Musk has publicly championed.
This diversification comes with an unprecedented launch cadence: SpaceX now carries out several dozen flights a year from Cape Canaveral in Florida and Boca Chica in Texas, thanks to the reuse of its rockets' first stages. The company has also become an indispensable supplier to the global space industry, for public agencies and private operators alike. Its revenue has grown sharply in recent years, driven in particular by the rise of Starlink.
Source: SpaceX, “Company Overview” (2026),www.spacex.com.
SpaceX's IPO on the Nasdaq
SpaceX long resisted the idea of an IPO, preferring to raise capital on private markets and to organize share buyback offers reserved for its employees and a small circle of investors. This strategy allowed the company to multiply its valuation on secondary markets well before opening its capital to the general public, a trajectory that largely explains the scale of its IPO.
On June 12, 2026, SpaceX finally opened a listing window on the Nasdaq. The transaction involved the sale of 555.6 million shares at $135, valuing the company at roughly $1,770 billion at the open, ahead of Saudi Aramco, whose 2019 IPO had until then been the sector's benchmark. It is the largest fundraising ever carried out in an IPO.
Under the ticker SPCX, SpaceX shares now trade during standard Nasdaq hours, from 3:30 pm to 10:00 pm Paris time, Monday to Friday.
Source: U.S. Securities and Exchange Commission, “Form S-1, SpaceX” (May 2026),www.sec.gov.
How to invest in the SpaceX share (SPCX)
Unlike a French or European stock, SpaceX is not eligible for the PEA (Plan d'Épargne en Actions, the French equity savings plan), which is reserved for securities of companies headquartered in the European Union or the European Economic Area. To buy SpaceX shares, you therefore need to use an ordinary securities account (compte-titres ordinaire), opened with a bank or a broker offering access to the US market.
Several points should be considered before placing an order. As the stock is quoted in dollars, the investment is exposed to EUR/USD currency risk, on top of the risk specific to the stock. The amount invested depends on the number of shares bought at the market price, with no regulatory minimum other than the one set by the broker. It is also possible to gain exposure to SpaceX stock through derivatives such as CFDs (contracts for difference), which allow you to take a leveraged position, up or down, without actually holding the security: this type of product amplifies potential gains as much as losses, and is not suitable for every profile.
From a tax standpoint, capital gains realized on an ordinary securities account fall under the standard regime applicable to transferable securities, with the option of choosing the flat tax (prélèvement forfaitaire unique) or the progressive income tax scale. This is one more reason to compare brokers before investing in this type of security, as some online trading platforms charge different currency conversion or account-keeping fees from one institution to the next.
Before any purchase, it is advisable to check your broker's product sheet and the fees applied (brokerage, currency conversion, custody) and to make sure the account provides direct access to the Nasdaq.
The SpaceX share price since the IPO
In its first trading session on June 12, 2026, SpaceX stock opened at its IPO price of $135 before closing at $160.95, a gain of 19.2% on the day. During the session, the stock reached an intraday high of $176.52, pushing the company's market capitalization above $2,000 billion on its very first trading day.
This opening performance, rare for a transaction of this size, illustrates the intensity of investor demand, but also raises questions about the valuation level reached and the stock's ability to sustain this momentum over time. A move of this size on day one is also a sign of high volatility, which investors should expect during the first months of trading of such a high-profile stock.
Source: U.S. Securities and Exchange Commission, “Form S-1, SpaceX” (May 2026),www.sec.gov; Nasdaq, SPCX market data (June 2026),www.nasdaq.com.
Elon Musk's voting rights at SpaceX
Like other technology companies founded by leaders who want to keep control of their governance after going public, SpaceX has put in place a dual-class share structure. Class A shares, those sold to the public in the IPO and traded under the ticker SPCX, carry one vote each. Class B shares, retained by Elon Musk and a small circle of historical shareholders, carry ten votes each.
The Form S-1 filed with the US regulator in May 2026 indicates that Elon Musk holds around 42% of SpaceX's capital after the IPO, but controls around 82.4% of the voting rights thanks to this structure. An individual investor buying SPCX shares therefore becomes a shareholder, with the associated economic rights (share in earnings, potential capital gains), but has very limited weight in strategic decisions, with control remaining highly concentrated in the founder's hands.
Source: U.S. Securities and Exchange Commission, “Form S-1, SpaceX” (May 2026),www.sec.gov.
Risks to know before investing in SpaceX
Investing in SpaceX, like any individual stock, involves risks that should be understood before placing an order:
- Risk of capital loss. The value of the share can fall, including below its IPO price, and no invested capital is guaranteed.
- Concentration risk. Investing in a single stock exposes all of the invested capital to the performance of a single company, with no diversification.
- Currency risk. As the stock is quoted in dollars, the return in euros also depends on movements in the EUR/USD exchange rate.
- Valuation risk. The sharp rise seen from the first session, driven by intense media attention, may fuel questions about a possible speculative bubble and about the company's ability to sustainably justify such a valuation level.
- Governance risk. The concentration of voting rights in Elon Musk's hands limits minority shareholders' ability to influence the company's decisions.
- Execution risk. Part of SpaceX's valuation rests on programs still under development, such as Starship, whose technical and commercial success is not guaranteed.
Past performance, including the performance of the first trading session, is no guarantee of future results.
Investing in the space sector with Fundora
SpaceX's IPO illustrates a mechanism well known to experienced investors: most of the value creation of a high-growth company often occurs during its development phase as a private company, before its shares become accessible to the general public. Once the company is listed, a large share of that progress has already taken place, as shown by SpaceX's trajectory between its latest private funding rounds and its market capitalization at the close of the first session.
Fundora allows individual investors to access this development phase, ahead of a possible IPO, in companies positioned in breakthrough technology sectors, including aerospace and deep tech. The platform relies on a structure combining an FPCI (Fonds Professionnel de Capital Investissement, a professional private equity fund) and an SPV (Special Purpose Vehicle), which pool the subscriptions of several individual investors within a single structure investing directly in the target funds. This mechanism significantly lowers the entry threshold compared with a direct subscription, where institutional minimum tickets typically range from €200,000 to €1 million. The minimum access amount varies depending on the strategy open for subscription at the time of investment.
Fundora thus identifies and offers strategies exposed to breakthrough themes, with actual management carried out by Kyoseil Asset Management under the mandate, a portfolio management company authorized by the AMF under number GP-99040. Among the strategies already offered on the platform is, for example, Atlas Space Ventures, a strategy focused on the space sector, illustrating Fundora's ability to cover themes comparable to SpaceX, even before a company in the sector goes public.
SUMMARY TABLE of ways to access the SpaceX share:
Indicative comparison. Characteristics vary depending on the vehicles and managers. Any investment involves a risk of capital loss.
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