Topline<\/p>\n
Retail traders have submitted orders for more than $100 billion in SpaceX shares, Bloomberg reported on Friday, likely shattering investor demand records in the highly anticipated trading debut for Elon Musk\u2019s firm.<\/p>\n
Elon Musk\u2019s aerospace firm will likely shatter records in its trading debut. <\/p>\n
Getty ImagesTimeline<\/p>\n
JUNE 11, 2026Retail investors have placed orders to purchase more than $100 billion in SpaceX shares ahead of its initial public offering on Friday, Bloomberg reported<\/a>, citing people familiar with the matter. <\/p>\n BlackRock placed an order to purchase at least $5 billion in SpaceX shares, the Wall Street Journal reported<\/a> earlier on Thursday, noting individual investors had requested more than $70 billion in shares.<\/p>\n That order on its own is nearly as much as the entire $5.5 billion AI chipmaker Cerebras raised in its IPO earlier this month\u2014the largest of 2026 so far. <\/p>\n SpaceX will disclose its final IPO price on Thursday, setting the stage for its trading debut by Friday morning, though the company has reportedly<\/a> told banks it would not budge from its $135-per-share price.<\/p>\n JUNE 10, 2026Sen. Elizabeth Warren, D-Mass., in a 12-page letter<\/a> to SEC Commissioner Paul Atkins, requested a delay in SpaceX\u2019s IPO, citing broader concerns about the company\u2019s valuation, governance structure and investor protections. <\/p>\n SpaceX\u2019s projected IPO size should justify \u201ccareful SEC review,\u201d Warren argued, adding regulators should investigate whether index funds or other financial entities are adequately protecting investors and whether SpaceX has provided enough information explaining its record-setting valuation, allowing investors to better judge if the stock is overpriced.<\/p>\n Warren argued SpaceX\u2019s governance structure\u2014Musk controls 85% of SpaceX\u2019s shareholder voting power\u2014gives Musk an \u201cunprecedented level of power\u201d over investors, who Warren said would have \u201csignificantly fewer rights than those traditionally offered to purchasers of public shares,\u201d and that the company should disclose any risks related to its governance.<\/p>\n Some analysts have criticized Musk\u2019s power over shareholders: Ann Lipton, a law professor at the University of Colorado, Boulder, told the Wall Street Journal<\/a> that SpaceX is \u201cessentially closing off every possible avenue for shareholders to have any influence at all.\u201d<\/p>\n JUNE 9, 2026SpaceX\u2019s IPO has drawn $250 billion in demand from investors, an oversubscription rate nearly four times its planned offering, Reuters reported<\/a>, citing unnamed sources familiar with the matter.<\/p>\n JUNE 3, 2026In an SEC filing, SpaceX disclosed it aimed to sell about 555.6 million shares for $135 per share while raising $75 billion in its initial public offering, potentially valuing the company at a record $1.77 trillion.<\/p>\n MAY 20, 2026The SEC publicly disclosed<\/a> SpaceX\u2019s IPO paperwork, known as an S-1 filing, detailing plans for the company to go public this year.<\/p>\n The company valued its addressable market, or the total amount of revenue it could make if it held all possible demand for the products or services it targets, at $28.5 trillion, including an $870 billion market for its broadband business, $740 billion for Starlink\u2019s mobile unit, $600 billion for X\u2019s digital advertising, $2.4 trillion for AI infrastructure and $22.7 trillion for enterprise applications.<\/p>\n APRIL 1, 2026SpaceX filed<\/a> confidential paperwork with the SEC to go public, providing information about shareholder equity and finances to regulators.<\/p>\n everything elizabeth warren said in her letter about spacex\u2019s ipo<\/p>\n \u201cThe massive size of the SpaceX IPO alone, under normal circumstances, would justify careful SEC review and attention to investor needs. But these are not normal circumstances: a number of additional factors exacerbate concerns and require action by the SEC to meet its investor protection and market integrity mandates by delaying the IPO. <\/p>\n \u201c<\/strong>Before the company is allowed to go public, the SEC must investigate whether index funds and other financial entities involved in SpaceX\u2019s IPO are adequately protecting investors, and the company must fill disclosure gaps related to valuation, ensure risks and details related to its concentrated governance structure are clear to investors, and abandon mandatory arbitration to provide shareholders whose rights are otherwise gutted in this structure a minimum avenue for recourse.<\/p>\n \u201c[Market] analysts have raised concerns about the math underlying SpaceX\u2019s target valuation, calling it \u2018nonsensical,\u2019 \u2018smoke-and-mirrors accounting,\u2019 and \u2018truly out of this world.\u2019<\/p>\n \u201cPublicly traded companies are meant to be accountable to their shareholders. The SpaceX IPO will flip this model on its head, with shareholders providing billions of dollars in new capital with no accountability measures for Mr. Musk or company leadership, as the company \u2018[combines] supervoting shares, mandatory arbitration, stricter rules on shareholder proposals and Texas corporate law to give control to SpaceX CEO Elon Musk and other insiders.\u2019 <\/p>\n \u201c[The] SpaceX IPO creates a new concern: that major stock market indexes are being rigged in a way that would force millions of investors in passive index funds \u2013 a generally lower-cost investment option that can be attractive to retail investors \u2013 to invest in SpaceX and face exposure to SpaceX\u2019s significant risks with no choice in the matter.\u201d <\/p>\n when will spacex go public?<\/p>\n SpaceX is expected to debut on Friday. The company said<\/a> a final IPO price would be set on Thursday, noting this could shift based on investor demand and other market conditions.<\/p>\n where can traders invest in spacex\u2019s ipo?<\/p>\n Allocated shares for retail investors will be made available through Charles Schwab, Fidelity, Robinhood, SoFi Technologies and Morgan Stanley\u2019s E*Trade, SpaceX disclosed to the SEC. Fidelity lowered its minimum of $100,000 in brokerage accounts for IPO access to just $2,000, expanding access for customers to invest in the IPO. The brokerage said customers can alert Fidelity of interest in purchasing a minimum of a single share, up to a maximum of 1 million. Schwab requires a brokerage account balance of at least $100,000 to invest in an IPO, and neither Robinhood, SoFi nor E*Trade states a minimum account balance is required. <\/p>\n spacex\u2019s ipo may be overvalued, analysts warn<\/p>\n Morningstar analysts, in a note earlier this week, projected SpaceX to trade at $63 per share, roughly half of its intended price. The analysts argued SpaceX\u2019s Starlink revenue could realistically hit $129 billion, not the combined $1.6 trillion SpaceX projected from Starlink\u2019s mobile and broadband businesses, and that a disconnect between \u201chype and fundamentals\u201d indicates traders should wait to invest after the initial offering. \u201cBig Short\u201d investor Michael Burry wrote earlier this month there was \u201cnothing\u201d in SpaceX\u2019s IPO filing to suggest the company is worth $1 trillion, \u201clet alone $2 trillion.\u201d Jay Ritter, a finance professor at the University of Florida, told Forbes that SpaceX\u2019s stock will likely be influenced by the \u201cElon Musk effect,\u201d as broader hype surrounding its CEO will boost the IPO and then fuel long-term volatility.<\/p>\n what do we know about spacex\u2019s finances?<\/p>\n SpaceX disclosed a net loss of $4.28 billion through its latest quarter after losing $4.94 billion in 2025. About 69% of the company\u2019s quarterly revenue came from Starlink, which brought in $4.69 billion. SpaceX\u2019s connectivity arm, which includes Starlink, is the only profitable part of the company after its space unit lost $619 million and its AI arm lost $2.5 billion. Capital expenditures totaled $10.1 billion in the quarter, more than doubling from the previous year, with a majority of spending ($7.7 billion) coming from AI. SpaceX spent just over $1 billion for its space business and $1.3 billion for its connectivity business. Last year, SpaceX spent $12.7 billion on AI, compared to $3.8 billion on space.<\/p>\n will musk immediately become a trillionaire?<\/p>\n Musk, who holds a 42% stake in SpaceX, is expected to become a trillionaire should shares trade at the projected $135, valuing his combined shares and options at $688 billion, according<\/a> to Forbes\u2019 estimates. Musk has ranked as the world\u2019s richest person since May 2024, and his fortune is valued at $788 billion as of Wednesday.<\/p>\n spacex\u2019s ipo could swell these fortunes<\/p>\n SpaceX president Gwynne Shotwell<\/a>, who joined the company in 2002 and holds roughly 12 million shares, has an estimated stake worth $1.2 billion. That could increase to $1.6 billion, should SpaceX debut at $135 per share. SpaceX chief financial officer Bret Johnson\u2019s stake, valued at $700 million, could make him a billionaire with a fortune estimated at $1.2 billion at the projected debut share price. Billionaire Valor Equity Partners founder Antonio Gracias<\/a>, who holds more than 503 million SpaceX shares, could have his $4.8 billion net worth surge by nearly $68 billion. Board member Luke Nosek<\/a>, a co-founder of PayPal and venture capital firms Founders Fund and Gigafund, was revealed to be a billionaire in SpaceX\u2019s IPO filing. His estimated $2.7 billion stake, totaling nearly 33 million shares, could jump to $4.4 billion.<\/p>\n further readingForbesInvestor Demand For SpaceX IPO Tops $250 Billion, Report SaysBy Antonio Peque\u00f1o IV<\/a>ForbesOrdinary People Can Soon Invest In OpenAI, Anthropic And SpaceX IPOs: Here\u2019s How\u2014And Why It\u2019s RiskyBy Ty Roush<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline Retail traders have submitted orders for more than $100 billion in SpaceX shares, Bloomberg reported on Friday,…\n","protected":false},"author":3,"featured_media":860607,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[64,66,176050,2539,2527,351026,297161,351025,351027,67,132,68],"class_list":["post-860606","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-elon-musk","tag-elon-musk-net-worth","tag-musk","tag-spacex","tag-spacex-invest","tag-spacex-ipo","tag-spacex-share-price","tag-spacex-shares","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116733314877013217","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/860606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=860606"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/860606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/860607"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=860606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=860606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=860606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}