SpaceX IPO
Learn about the initial public offering (IPO) of Space Exploration Technologies Corp. (‘SpaceX’), and how to take part through Sharesies.
About the offer
This offer is for the Australian component of the initial public offering (“Australian Offer”) of Class A common stock (“Shares”, “Class A Common Stock” or “Securities”) in Space Exploration Technologies Corp. (“SpaceX,” the “Company”).
SpaceX is expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and Nasdaq, Texas, Inc. (“Nasdaq Texas”) under “SPCX”. SpaceX will not be applying to list on the Australian Securities Exchange (“ASX”).
The following table outlines some of the key offer statistics of the Global Offer and Australian Offer (amounts in USD):
Offer metric | |
|---|---|
Indicative Price | $135.00 per Share |
Gross Proceeds from the Global Offer (assuming that the Final Price is the Indicative Price and the Overallotment Option is not exercised) | Approximately $75.00 billion |
Gross Proceeds from the Global Offer (assuming that the Final Price is the Indicative Price and the Overallotment Option is exercised in full) | Approximately $86.25 billion |
Net proceeds from the Global Offer (assuming that the Final Price is the Indicative Price and the Overallotment Option is not exercised), after deducting underwriting discounts and commissions and estimated offering expenses payable by SpaceX | Approximately $74.4 billion |
Net proceeds from the Global Offer (assuming that the Final Price is the Indicative Price and the Overallotment Option is exercised in full), after deducting underwriting discounts and commissions and estimated offering expenses payable by SpaceX | Approximately $85.7 billion |
Total Shares offered in the Global Offer (assuming the Over-allocation Option is not exercised) | 555,555,555 |
Total Shares offered in the Global Offer (assuming the Over-allocation Option is exercised in full) | 638,888,888 |
Capitalisation | |
|---|---|
Market capitalisation based on total number of Class A Common Stock and Class B Common Stock on issue at completion of the Offer (assuming the Final Price is the Indicative Price and applies to Class A Common Stock and Class B Common Stock, and assuming the Overallotment Option is not exercised) | $1.765 trillion |
Market capitalisation based on total number of Shares on issue at completion of the Offer (assuming the Final Price is the Indicative Price and applies to Class A Common Stock and Class B Common Stock, and assuming the Overallotment Option is exercised in full) | $1.776 trillion |
Australian Prospectus
The Australian Offer is being made under an Australian Prospectus that was lodged with ASIC on 4 June 2026 (“Australian Prospectus”). The Australian Prospectus is available on the Official SpaceX Offer website (www.spacexipo.com) or you can download it below.
The Australian Prospectus contains information on SpaceX and the Australian Offer, including on the risks associated with an investment in SpaceX and of participating in the Australian Offer. Those risks are set out pages 21–39 of the Australian Prospectus.
You should read and consider the Australian Prospectus in full (including those risks) in deciding whether to apply to participate in the Australian Offer.
Offer price
Shares will be sold under the Australian Offer at a final offer price (“Final Price”), which is expected to be $135.00 per Share (“Indicative Price”).
The Final Price will be determined by SpaceX in consultation with the underwriters and will be communicated to Australian resident investors in a supplementary Australian prospectus expected to be made available on 11 June 2026.
You should note that you will not know the Final Price at the time you are required to apply for Shares under the Australian Offer and will remain bound to acquire any allocation of Shares you receive regardless of whether the Final Price is above, below or equal to the Indicative Price. You should also note that the Indicative Price may change during the Australian Offer period.
About SpaceX
SpaceX is a vertically integrated space technology, connectivity, and artificial intelligence company.
Founded in 2002, SpaceX designs, manufactures, launches and operates advanced rockets and spacecraft, a global internet service, satellite-to-mobile communications, a real-time information and entertainment platform (called “X”), and an AI system.
SpaceX operates across the following segments:
SpaceX designs, manufactures and launches reusable rockets (including its Falcon 9, Falcon Heavy and next-generation Starship vehicles) to provide reliable and affordable access to space for commercial and government customers, including NASA and the US Department of War, transporting astronauts, satellites, and other payloads to space.
Since 2023, SpaceX has launched more than 80% of mass to orbit for the world each year with an over 99% mission success rate across 650 orbital space launches.
SpaceX operates Starlink, a global broadband and communications network powered by approximately 9,600 satellites in Low-Earth Orbit, providing internet connectivity to approximately 10.3 million consumer, enterprise and government customers across 164 countries, territories and other markets as of 31 March 2026.
SpaceX also provides satellite-to-mobile services, supplementing terrestrial mobile networks across approximately 30 countries (known as “Starlink Mobile”).
Following its acquisition of xAI in February 2026, SpaceX operates a vertically integrated AI platform comprising large-scale AI compute infrastructure, its large language model “Grok”, AI solutions for consumer and enterprise customers, and “X”, a real-time information and social media platform.
Both Grok and X supported over 1.3 billion accounts active in the last twelve months ended 31 March 2026, including approximately 550 million monthly active users (“MAUs”) and generate approximately 350 million daily posts on X.
Use of proceeds
SpaceX intend to use the net proceeds from the IPO to fund its growth strategy, including:
the expansion of its AI compute infrastructure
enhancements to its launch infrastructure and launch vehicles
increases in the scale and capacity of its satellite constellations, and
any remaining amounts for general corporate purposes.
The expected use of net proceeds from the IPO represents SpaceX’s intentions based upon its present plans and business conditions. However, SpaceX cannot predict with certainty all of the particular uses for the net proceeds from the IPO or the amounts that it will actually spend on each of the uses set forth. Accordingly, SpaceX’s management will have significant flexibility in applying the net proceeds from the IPO.
The timing and amount of SpaceX’s actual expenditures will be based on many factors, including cash flows and the anticipated growth of the business.
How to apply
To apply for Shares under the Australian Offer, you’ll need a Sharesies Account—sign up in the Sharesies app.
You have until 5 PM, 10 June 2026 (Sydney time) to apply—submit your application as soon as possible, as Sharesies may stop accepting applications earlier without notice. Before applying, you should read the Australian Prospectus in full.
By submitting an application, you acknowledge that it is binding and irrevocable. It may not be varied or withdrawn except as allowed by law. You are bound by the terms and conditions in the Australian Prospectus and any supplementary or replacement Australian Prospectus.
Sharesies is acting as an Approved Retail Broker to the Australian Offer.
Payment currency and foreign exchange risk
The Final Price for Shares under the Australian Offer is denominated in USD.
To apply through Sharesies, you must have sufficient USD funds available in your Sharesies Wallet at the time of Application. Sharesies will charge a 0.6% currency exchange fee on any funds that need to be converted to USD to facilitate your application in accordance with the Sharesies IDPS Guide.
If your application is allocated fewer shares than the amount your payment covers, you'll receive a full or partial refund, less any applicable foreign exchange fees. There is no guarantee you'll receive an allocation of shares.
In the case of a USD refund, the proceeds are expected to be credited to your Sharesies USD Wallet within 1 business day of settlement.
Allocations
Cooling off rights do not apply to an investment in Shares pursuant to the Australian Offer. This means that, in most circumstances, you cannot withdraw your application once it has been accepted. Subject to investor demand and the availability of Shares, allocations may be scaled back where Sharesies’s allocation is oversubscribed. Sharesies may close applications through it early.
When submitting an application, you acknowledge that your application to acquire Shares is binding and irrevocable, may not be varied or withdrawn except as allowed by law, irrespective of whether the Final Price is above, below, or the same as the Indicative Price.
Key dates
All dates for the Australian Offer are indicative only and subject to change without notice.
For a full list of key dates for the Australian Offer, please see the Australian Prospectus.
Event | Date (AEST—Sydney, Australia) |
|---|---|
Australian Prospectus Date | 4 June 2026 |
Australian Offer opens | 4 June 2026 |
Australian Offer closes | 5:00 PM on 10 June 2026 |
Supplementary Australian Prospectus with Final Price published | 11 June 2026 |
Commencement of trading of Shares on Nasdaq and Nasdaq Texas | 12 June 2026 |
Settlement date (Shares issued to successful Applicants) | 15 June 2026 |
Before taking part
Potential investors should consider whether the Company is a suitable investment for them and seek advice from a financial adviser or other professional adviser.
This communication is factual information only and based on information available from the Australian Prospectus: it is not advice or an express or implied recommendation and has not taken into account your investment objectives, financial situation or particular needs.
Learn more about IPOs
What’s an IPO?
Published date,4 June 2026
7 min read
An initial public offering (IPO) is a process that a company goes through to become ‘listed” on an exchange. Once listed, people can buy shares to invest in it.
Now for the legal bit
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted in the United States prior to the time the registration statement becomes effective. This e-mail shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of any securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. No offer to buy the securities can be accepted and no part of the purchase price can be received, in the United States, until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.
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