The Biggest IPO in History? Interesting Facts Behind SpaceX

SpaceX is preparing for a high-profile initial public offering (IPO). With plans to list on the Nasdaq using the ticker SPCX around mid-June 2026, the company is projected to be one of the largest IPOs ever.

The stated valuation is around US$1.75 trillion, while the fundraising target is US$75 billion. For those curious about investment opportunities in the space industry, this has been a hot topic lately.

An IPO itself is a process in which a previously privately owned company offers its shares to the public for the first time.

SpaceX, which has been privately held, is now offering retail investors the opportunity to participate through the stock market. In Indonesia, there's an indirect way through the EIPO (Electronic IPO) mechanism available on several securities platforms.

Key Takeaways

• SpaceX is planning an IPO with a target of raising US$75 billion and a valuation of around US$1.75 trillion, making it one of the largest in market history.
• Investor demand reached about double the target, indicating strong interest especially due to the Starlink business and reusable rocket technology.
• Investors in Indonesia can participate through the EIPO on certain securities applications, although there are risks of volatility and limited allocation for retail.

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What is SpaceX and its IPO Plans?

SpaceXis a company specializing in space technology. It is known for developing reusable rockets, lowering launch costs compared to traditional methods.

In addition, Starlink is one of its main projects that provides satellite internet services to various parts of the world, including remote areas.

Plan IPO SpaceX it is currently in the early marketing phase as of June 2026, with share pricing scheduled for the following week. The target listing date is stated to be around June 12, 2026, on the Nasdaq stock exchange under the ticker SPCX.

This is not a traditional IPO because the funds raised will go directly to the company, rather than from the sale of shares by existing shareholders. This type of offering is called an all-primary offering.

The target price per share is stated to be around US$135. With a target of raising US$75 billion, the company's valuation is projected to reach around US$1.75 trillion. These figures have led many to compare it to other large IPOs in history. However, the final valuation could change depending on market conditions at the time of pricing.

SpaceX is also said to be involved in AI development through integration with xAI. The primary focus remains on reusable rockets, Starlink services, and contracts with space agencies like NASA. For investors interested in the technology and space sectors, this IPO offers direct exposure to the growing industry.

Read also: SpaceX Officially Acquires xAI: AI Ambitions and Space Exploration

SpaceX Valuation and Investor Demand

SpaceX's stated valuation of around US$1.75 trillion places it among the highest-valued companies ever to go public. The $75 billion fundraising target is also impressive. Interestingly, investor demand reportedly reached around US$150 billion, or double the stated target.

This oversubscription is considered impressive for an IPO of this size. While considered moderate compared to some highly anticipated IPOs, the double-digit figure still indicates strong interest from institutions and large investors. Starlink is a key driver due to the potential growth of satellite internet services globally.

This investor demand is indicative and subject to change before the final price is set. A bookbuilding process, or gathering of orders, is typically conducted to determine the appropriate price and allocation. For those following developments, this is an early indicator of market interest in this space company.

Additionally, there is the context that SpaceX's success could impact its founder's wealth. Some reports mention the potential Elon Musk became the first person to achieve trillionaire status thanks to this valuation. However, this net worth figure is still a projection and depends on the stock price after listing.

Another important fact to note is the lock-up period for insiders, which is typically longer in this type of IPO. This aims to maintain share price stability after listing.

Read also: SPCX Token Soars Nearly 100%, Is the Memecoin SpaceX IPO on Solana Still Worth Buying?

How to Follow the SpaceX IPO from Indonesia

For investors in Indonesia who wish to participate, there is an EIPO (Electronic IPO) mechanism that allows indirect participation. Here are the general steps to follow:

1. Open an account with a securities or broker that supports international IPOs or local stock exchange platform.
2. Perform KYC (know your customer) verification and deposit funds according to the broker's minimum requirements.
3. Keep an eye on the EIPO schedule which typically provides for a retail allocation of around 30 percent of the total offering.
4. Submit orders during the specified bookbuilding or offering period.
5. Wait for the allocation process and ensure the shares are entered into the securities account on the listing day.

An important note is that allocations for retail investors are typically limited. There are also currency conversion fees due to US dollar transactions, as well as applicable taxes. Not all securities apps directly support foreign IPOs, so be sure to choose the right one.

Another alternative is to seek indirect exposure through shares of listed companies in the aerospace or satellite sector. However, this method doesn't provide direct ownership of SpaceX. For beginners, understanding the risks and conducting independent research is highly recommended before making a decision.

Read also: SpaceX Transfers $94M in BTC: What Does It Mean for the Crypto Market?

Other Interesting Facts Behind SpaceX

SpaceX has several attractive business advantages. Reusable rocket technology significantly reduces launch costs. Contracts with NASA provide stable revenue from space missions.

Meanwhile, Starlink continues to expand its reach to various countries, including areas that are difficult to reach by conventional internet networks.

Elon Musk as a founder brings a track record of success Tesla in the electric automotive and energy sectors. Its long-term vision of a space economy is one of the reasons it's attracted several investors. If the company succeeds in achieving its growth targets, it has the potential to become a multi-trillion-dollar company in the future.

However, there are also aspects that need to be considered carefully. The target price of $135 per share is already at a premium. Some secondary market data before the IPO showed a price decline, indicating a possible correction after listing.

The space business is high risk because it depends on regulations such as the FAA, geopolitical conditions, and increasingly fierce industry competition.

Stock volatility is typically high in the initial days of listing. For Indonesian retail investors, in addition to limited allocations, there are additional costs, such as conversion fees and taxes, that can impact investment returns.

Therefore, many recommend allocating only a small portion of the portfolio, for example a maximum of 5 to 10 percent, and only if confident in the long-term prospects of the space industry.

SpaceX is not a company suitable for short-term speculative investment. It's more important to understand the business model, regulatory risks, and overall market conditions before deciding to participate.

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Is This Really the Biggest IPO Ever?

With a fundraising target of US$75 billion and a valuation of US$1.75 trillion, SpaceX's IPO is often cited as one of the largest in market history. Investor demand, which exceeded the target, added to the impressive nature of the process.

However, the final size of the IPO still depends on the pricing and market conditions at the time of implementation.

Comparisons with previous major IPOs demonstrate that this figure is indeed remarkable, especially for companies in the technology and space sectors. Starlink, as a key growth engine, provides a strong narrative about the recurring revenue potential of satellite internet services.

However, every IPO has its own dynamics. Share prices after listing can rise or fall depending on market sentiment, company performance, and external factors such as interest rates or global economic conditions. 

Investors considering participation are advised to view it as a long-term investment, not a quick-profit opportunity.

Read also: xAI Owned by Elon Musk Recruited Crypto Quant

Conclusion

SpaceX's planned IPO, with its high valuation and strong investor interest, has sparked discussion about opportunities in the space sector. Key factors, such as its $75 billion fundraising target, $1.75 trillion valuation, and the role of Starlink, are attracting attention.

For investors in Indonesia, the EIPO mechanism provides access, albeit with limited allocations and additional costs.

It's important to remember that stock investing always carries risks, including the high volatility of new IPOs. Conducting independent research, understanding your personal risk profile, and allocating funds proportionally are prudent steps.

If you're interested in the long-term vision of the space industry, this IPO could be an option worth considering carefully.

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FAQ

What is the SpaceX IPO and when is it planning to list?

SpaceX's IPO is the company's initial public offering of shares, under the ticker SPCX on the Nasdaq. The listing date is expected to be around June 12, 2026, with the marketing process already underway by early June 2026.

What is the valuation and target funding that SpaceX wants to raise?

SpaceX's valuation is projected at around US$1.75 trillion, with a fundraising target of US$75 billion. Investor demand is reportedly about double that target.

How can Indonesian investors follow the SpaceX IPO?

Indonesian investors can participate through the EIPO through securities apps that support international IPOs, such as Bibit, IPOT, or through global brokers. The steps include opening an account, verifying KYC (Customer Identity Card), depositing funds, and placing orders according to the schedule.

What are the main advantages and risks of investing in the SpaceX IPO?

Advantages include the growth potential of Starlink and reusable rocket technology, as well as the founder's track record. Risks include high volatility, premium valuations, strict regulation, and limited allocation to Indonesian retail.

Is the SpaceX IPO suitable for beginner investors?

The SpaceX IPO carries high risks due to the volatile nature of the space industry. It's only suitable for those who understand the risks and allocate a small portion of their portfolio. Beginners are advised to conduct thorough research or consult a financial advisor first.