When: Prices after the close Thursday, June 11, 2026; first trade Friday, June 12, 2026. Listing venue: Nasdaq, ticker SPCX.
SpaceX is set to sell roughly 556.6 million shares at $135, a raise near $75 billion at a valuation around $1.75 trillion. That is the largest initial public offering on record, surpassing Saudi Aramco by a wide margin.
Why It Matters
The mechanism that matters is liquidity, not narrative. A $75 billion absorption in a single window pulls risk capital out of technology, AI, and crypto precisely when a wounded Nasdaq would need that capital to fund a recovery. The listing does not cause a selloff; it removes the oxygen from a rebound. Whatever the CPI print does to direction two days earlier, the SpaceX debut caps technology upside through mid-month regardless of how the tape is leaning.