SpaceX IPO (SPCX) on Trading 212 - What You Need to Know

Trading 212 gives retail investors access to US-listed stocks, including new IPOs. SPCX shares will be available to all eligible customers.

Yes, SPCX will be available across all account types.

Ensure your Trading 212 account is fully verified and funded before the listing date. If your account verification is incomplete, you may not be able to place orders. You can check your verification status in the app under Account Settings.

Also, ensure that the app is updated to the latest version.

Yes, with pre-listing orders, you can set up your order without waiting for listing day. We queue your order until the stock is listed, and once trading for the public begins, we submit it for execution.

When you place the order, we reserve the funds required to fill it. Your order will execute at market conditions once the stock is actively trading and available to the public. You can cancel your pending order at any time before the execution starts.

Please ensure your app is updated to the latest version.

You can find more information about the pre-listing orders here.

With pre-listing orders, you can place the following orders in your Invest and ISA account before the stock is listed:

• Market value order: You choose the total amount you want to invest. We estimate the share quantity based on the current IPO reference price, but the final quantity depends on the actual market price at execution.
• Limit order: You choose the quantity of shares and the maximum price you're willing to pay per share. The order only fills if the market price reaches your limit.

Stop orders, stop-limit orders, AutoInvest and Pie orders are only available after the IPO has started trading.

For your CFD account, the following pre-listing order options apply:

• Buy Limit order: You set the maximum price you're willing to pay. The order opens a long position if the market price falls to or below your limit.
• Buy Stop order: You set a trigger price above the current reference. The order opens a long position if the market price reaches your trigger.
• Sell Limit order: You set the minimum price. The order opens a short position if the market price rises to or above your limit.
• Sell Stop order: You set a trigger price below the current reference. The order opens a short position if the market price falls to your trigger.
• Take-Profit, Stop-Loss, Trailing-Stop: You can attach these to your pre-listing order. They only become active once the position is opened. If the opening order is cancelled, they are cancelled automatically.

Market orders are only available after the IPO has started trading.
 

The minimum order size will be £1/$1/€1, the same as for all other instruments in Trading 212. The details can be found under the following LINK.

The maximum investment amount might change and can be found under the following link.

SPCX will trade in USD on Nasdaq. If your Trading 212 account is denominated in GBP or EUR, a currency conversion will apply at the time of execution. Trading 212's standard FX conversion fee applies. You can find the current fee here.

Based on reported indicative dates:

• ~4 June 2026 - Institutional roadshow begins
• ~11 June 2026 - IPO pricing date
• ~12 June 2026 - First day of trading on Nasdaq

These dates have not been officially confirmed and may change due to SEC review, market conditions, or underwriter decisions. Monitor announcements from Goldman Sachs (lead underwriter) and the SPCX filing on the SEC EDGAR database.

No final offer price or share count has been disclosed in the preliminary prospectus (S-1, filed 20 May 2026). The price will be confirmed in the final offering documents following the institutional roadshow. The reported target IPO valuation is between $1.75 trillion and $2 trillion, with a planned raise of approximately $75 billion.

The IPO offer price is set during bookbuilding and applies only to institutional investors receiving pre-listing allocations. Before official trading starts, we show the IPO price in the app.

If no price is visible, the reason is that no price is officially confirmed.

Once SPCX begins trading on Nasdaq, the price is determined by live market supply and demand. The price you see after the trading starts in the Trading 212 app is the current market price, which will almost certainly differ from the headline IPO price - it could be higher or lower depending on opening demand.

IPO listings - especially high-profile ones - can be highly volatile in the first minutes and hours of trading. If you placed a market order, it was executed at the best available price at that moment, which may have moved between the time you placed the order and when it was filled. Using a limit order (where available) allows you to set a maximum price you are willing to pay.

Yes. If volatility reaches certain thresholds, Nasdaq may temporarily halt trading in SPCX as part of standard market circuit breaker rules. This is outside of Trading 212's control.
If a halt occurs, your ability to place or execute orders will be temporarily suspended until trading resumes. The length of a halt varies and is determined by Nasdaq.

The information provided is based on publicly available information and preliminary filings available.

We are trying to add the instrument to the app as soon as possible and provide all the updates there. Latest by public trading start the instrument will be available.

Yes. You will receive a push notification when pre-orders open for SPCX, and again when live trading begins on Nasdaq. Make sure push notifications are enabled in your device settings so you don't miss either alert.

Small price differences between platforms are normal and typically reflect the timing of price feeds and bid/ask spreads. Please also note that Trading 212 displays the last traded price.
If you notice a significant and sustained discrepancy, contact Trading 212 Support.

1. Log in to the Trading 212 app or desktop platform
2. Ensure your account is verified and funded before the listing date
3. Search "SPCX" in the app once trading begins on Nasdaq
4. Select your investment amount - fractional shares are supported, so you don't need to buy a full share
5. Place and confirm your order - a confirmation will appear immediately in the app

No. Trading 212 supports fractional shares. You can enter a cash amount in your chosen currency, and the platform will calculate the corresponding share quantity automatically.

SPCX Class A shares give you economic exposure to SpaceX's performance across all of its divisions:

• Starlink - satellite internet (the only profitable division as of Q1 2026)
• Orbital launch services - government and commercial contracts
• xAI / Grok - artificial intelligence infrastructure (merged February 2026)
• Colossus data centres - AI compute operations
• X (social media platform)

Note that Class B shares held by Elon Musk carry 10 votes each, giving him approximately 85.1% of combined voting power. Public shareholders will have economic exposure but very limited governance influence.

Key figures from public filings:

• 2025 revenue: $18.7 billion (Starlink: $11.4 billion)
• 2025 net loss: $4.94 billion
• Q1 2026 net loss: $4.28 billion
• Starlink operating income (2025): $4.4 billion across 10.3 million subscribers in 164 countries
• The AI segment posted a $2.5 billion loss in Q1 2026

SpaceX carries a number of elevated risk factors investors should consider:

• The company posted a net loss of $4.94 billion in 2025 and $4.28 billion in Q1 2026
• Only the Starlink segment was profitable as of Q1 2026
• The $1.75–2 trillion target valuation equates to approximately 93x trailing revenue
• Elon Musk holds 85.1% of the combined voting power - public shareholders have very limited governance influence
• The lock-up expiry (expected September–December 2026) could introduce additional selling pressure

This is not investment advice. Please do your own research and consider your risk tolerance before investing. Newly listed stocks may experience significant price volatility, and investors could lose part or all of their invested capital.

A lock-up period restricts early investors and employees from selling shares for a set period after listing. Specific terms have not been fully disclosed for SPCX, but standard practice for technology IPOs at this scale is 90 to 180 days. Assuming a June 2026 listing, this window would open approximately between September and December 2026, at which point early holders would be free to sell - which could affect the share price.

However, this is only information and does not affect customers who buy through Trading 212.

Client assets held on Trading 212 are kept in segregated accounts, separate from the company's own funds, in accordance with applicable safeguarding requirements. Please refer to this article for more details.

A confirmation will appear immediately in the Trading 212 app once your order is executed. A formal contract note will be available in your account documents section.

Your position will appear in the Portfolio section of the Trading 212 app, showing your average buy price, current market value, and unrealised P&L in real time.

SpaceX has not announced any dividend policy. Refer to the company's official announcements for updates.

• SEC EDGAR database - search for "Space Exploration Technologies" for the S-1 and all subsequent filings
• Goldman Sachs - lead underwriter for the deal
• Trading 212 app - in-app notifications and instrument availability once live