How and Where to Buy SpaceX Stock Before IPO ($135 Pricing)

SpaceX is going public on June 12, 2026 at $135/share with a $1.77 trillion valuation. Here's how retail investors can get exposure before the Nasdaq debut — through MEXC's xStocks Launchpad and RealStocks real US equity service.

 

 

On May 20, 2026, SpaceX filed its S-1 registration statement with the U.S. Securities and Exchange Commission, opening the formal countdown to what may be the largest initial public offering in financial history. The company has set a fixed IPO price of $135 per share, plans to sell 555.6 million shares to raise approximately $75 billion, and is targeting a Nasdaq debut under the ticker SPCX on June 12, 2026. At this valuation of roughly $1.77 trillion, SpaceX would rank among the top seven most valuable publicly listed companies in the United States, surpassing Tesla.

 

For most retail investors, the real challenge is not whether to invest — it is how to get access at a price that reflects the offering, rather than the premium that typically accompanies a high-profile stock's first day of open-market trading.

 

MEXC offers two paths: the xStocks Launchpad for subscribing to SPCXx tokenized shares at an IPO-linked price, and RealStocks for trading genuine US equities against USDT without a traditional brokerage account.

 

 

SpaceX priced its IPO at $135/share targeting a $1.77 trillion valuation, with Nasdaq trading beginning June 12, 2026 under ticker SPCX

 

Per its SEC S-1 prospectus, SpaceX generated $18.67 billion in consolidated revenue in 2025, with Starlink accounting for $11.4 billion — about 61% of the total

 

Retail investors typically cannot access IPO allocations at the offer price; most are forced to buy at open-market prices on debut day, which can carry significant premium risk

 

MEXC xStocks Launchpad offers a subscription window for SPCXx tokenized shares, with pricing tied to the IPO offer price and no traditional brokerage account required

 

MEXC RealStocks allows users to buy real US shares against USDT, with actual equity rights including dividends, direct market access to NYSE and NASDAQ, and zero fees for a limited period

 

 

Space Exploration Technologies Corp. was founded by Elon Musk in 2002 and remained entirely private for over two decades. The company funded its expansion through NASA launch contracts, government procurement, and private funding rounds, removing any historical pressure to open its equity to public markets.

 

What changed that calculus was Starlink. According to SpaceX's S-1 filing disclosed via SpaceNews, Starlink generated $11.4 billion in revenue in 2025, representing 61% of total company revenue, and produced $4.4 billion in operating profit — making it the only profitable segment in the business. This fundamentally redefined SpaceX from an engineering firm dependent on one-time launch contracts into a recurring-revenue subscription platform.

 

On the operational side, Hargreaves Lansdown's analysis of the IPO filing highlights that Starlink subscribers reached 10.3 million in Q1 2026, up from 5.0 million a year earlier. The Space segment completed 165 orbital launches in 2025, its sixth consecutive annual record. SpaceX's Falcon 9 boosters have demonstrated the ability to fly a first stage up to 34 times, per the SEC prospectus.

 

The financial picture is not entirely straightforward, however. Per data reported by Morningstar, SpaceX recorded $4.9 billion in GAAP net losses in 2025, driven by $3 billion in Starship R&D spending and the integration of xAI following a February 2026 merger. Total long-term debt stood at $29.1 billion as of March 31, 2026.

 

 

Understanding the mechanics of IPO allocation is essential context for anyone trying to participate in the SpaceX listing.

 

In a traditional IPO of this size, the offer-price shares are almost entirely directed to institutional investors — mutual funds, hedge funds, and large asset managers — alongside underwriters' own books. As CNBC reported, Goldman Sachs leads the offering, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase as co-underwriters on a $75 billion deal. At that scale, retail allocation at $135 is structurally limited.

 

This leaves most individual investors choosing between two less-than-ideal options: buy on the open market at whatever price Nasdaq opens trading on June 12, absorbing any first-day premium; or seek pre-listing exposure through tokenized instruments that are priced relative to the IPO offer.

 

 

 

 

MEXC's xStocks SpaceX Launchpad provides one of the most accessible entry points for crypto-native investors seeking IPO-linked exposure to SpaceX.

 

SPCXx is a tokenized equity instrument issued under the xStocks framework by Backed Assets (JE) Limited, a Jersey-registered entity, with each token backed 1:1 by actual SpaceX shares. Subscription pricing is tied to the IPO offer price, and users do not need a US brokerage account, a broker-dealer relationship, or participation in the traditional IPO book-building process.

 

According to MEXC's official announcement, this Launchpad distributes 70,546 SPCXx tokens from a total prize pool valued at $10 million. SPCXx tokens trade 24/7 on MEXC's spot market, offering continuous liquidity that traditional IPO subscriptions cannot provide.

 

One important disclosure: SPCXx does not confer voting rights or direct shareholder standing in SpaceX. It is a price-tracking instrument. Investors should review MEXC's full risk disclosure documentation before subscribing.

 

 

Step 1 — Register or log in to your MEXC account and complete identity verification (KYC)

 

Step 2 — Confirm your region is eligible to participate (certain jurisdictions are excluded due to regulatory restrictions)

 

Step 3 — Visit the xStocks SpaceX Launchpad page and follow the on-screen instructions to submit your subscription

 

Step 4 — Monitor the token listing date for SPCXx spot trading to begin

 

 

 

For investors who require genuine equity ownership rather than a tokenized exposure instrument, MEXC's RealStocks service takes a fundamentally different approach.

 

As highlighted by TradingView's analysis of competing SpaceX access products, MEXC has taken a distinct route compared to tokenized-only platforms by routing orders for real US shares through a licensed broker — providing actual equity rights rather than synthetic exposure.

 

The key advantages of RealStocks:

 

Real shares, real dividends: Holdings represent genuine US equity with the same dividend entitlements as traditional stock investors, not synthetic derivatives.

 

Direct market access: Orders connect directly to NYSE and NASDAQ with authentic market liquidity, without a market-maker counterparty risk.

 

Zero fees for a limited period: MEXC is currently waiving trading fees on RealStocks, reducing friction costs for smaller investors entering US equity markets.

 

USDT settlement: Users deposit and settle in USDT without requiring fiat currency conversion or international wire transfers, with access to thousands of NYSE and NASDAQ listed companies.

 

2026 IPO pipeline exposure: When SpaceX, OpenAI, Anthropic, and other anticipated listings begin trading, RealStocks users can access them immediately through the same interface — no broker onboarding lag.

 

 

SpaceX's listing is not simply a major IPO; it is a structural repricing event for the entire commercial space sector's presence in public equity markets.

 

Sacra's research shows that Starlink subscribers grew from 2.3 million in 2023 to approximately 9 million by end-2025, then crossed 10 million in February 2026 — a four-fold expansion in two years. Starlink adjusted EBITDA grew 86% between 2024 and 2025 alone, per Morningstar's analysis of the S-1.

 

SpaceX's longer-term growth narrative includes next-generation Starlink satellite deployment via Starship (launch to orbit costs expected to fall dramatically at scale), orbital AI compute satellites planned for initial deployment as early as 2028, and participation in the US Golden Dome missile defense program. The company raised Starlink subscription prices by up to $10/month in May 2026, signaling a shift from subscriber-volume growth toward monetization of its installed base, per Sacra's coverage.

 

These growth levers are already priced into the current IPO valuation. The MEXC xStocks Launchpad provides a participation mechanism that allows users to subscribe at an IPO-linked price, rather than absorbing whatever premium the secondary market applies from open.

 

 

 

 

SpaceX plans to list on the Nasdaq under the ticker SPCX, with trading targeting June 12, 2026, at an IPO price of $135 per share.

 

 

In practice, very few retail investors receive allocations at the $135 offer price — that pool is largely absorbed by institutional investors and underwriter books. MEXC's xStocks Launchpad subscription, tied to the IPO price, represents one of the more accessible alternatives currently available.

 

 

SPCXx is a tokenized representation of SpaceX equity, backed 1:1 by real shares, with pricing that tracks SpaceX's market price. It trades 24/7 on MEXC. However, SPCXx holders do not receive voting rights. MEXC's RealStocks service, by contrast, provides genuine equity ownership with full dividend entitlements.

 

 

RealStocks is designed for investors who hold USDT and want exposure to real US equities without the friction of opening a traditional US brokerage account or navigating fiat wire transfers. It currently offers zero trading fees for a limited period, with direct order routing to NYSE and NASDAQ.

 

 

Opinion is divided. CNBC reports that SpaceX has priced its IPO at $1.77 trillion. Morningstar's discounted cash flow model puts the company's fair value at approximately $780 billion — roughly 48% below the IPO target — and advises that long-term investors may find better entry points once post-IPO volatility settles. This article does not constitute investment advice.

 

 

Register an account on MEXC, complete identity verification (KYC), then visit the xStocks SpaceX Launchpad and follow the subscription instructions. Eligibility depends on your jurisdiction.

 

 

This article is provided for informational purposes only and does not constitute investment advice, financial advice, or a solicitation to buy or sell any security, token, or financial product. SPCXx tokenized shares do not represent direct equity ownership in SpaceX and do not confer voting rights; holders should review MEXC's official risk disclosure documentation. Investing in equities and crypto assets involves substantial risk, including the possible loss of the entire principal. Past performance is not indicative of future results. Before making any investment decision, consult a qualified financial advisor. Information in this article is current as of June 2026; specific product terms are subject to MEXC's latest official announcements.

 

 

This article was produced by the MEXC Crypto Pulse research team, a group of cryptocurrency market analysts, macroeconomic researchers, and blockchain industry specialists focused on delivering institutional-grade market analysis, IPO tracking, and crypto asset research for global investors.

 

 

 

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