SpaceX IPO Raises Record $75 Billion
SpaceX (NASDAQ: SPCX) is set to debut today, June 12, 2026, raising a record $75 billion, surpassing the previous record held by Saudi Aramco of $29.4 billion. The company is selling approximately 555.6 million shares, representing only about 4% of its outstanding shares, which could lead to an inflated share price as institutional investors are compelled to buy in.
Rule Changes Favoring Insiders
Recent amendments by Nasdaq and Russell Equity Indexes have relaxed rules governing IPOs, allowing SpaceX to qualify for index inclusion just 15 trading days after its debut. This change is projected to compel funds to invest tens of billions into SpaceX stock. Furthermore, insiders will be able to cash out through a staggered unlock period beginning in August, potentially leaving retail investors at a disadvantage.
Launch of ProShares Ultra SpaceX ETF
On the same day as the IPO, ProShares will launch the leveraged ProShares Ultra SpaceX ETF (NYSEMKT: SPCF), aiming to deliver double the daily returns of SpaceX. The ETF is expected to attract risk-oriented traders rather than long-term investors, featuring high fees and inherent volatility that could lead to significant losses.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
