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

Trading 212 may make certain US-listed stocks, including new IPOs, available to its clients. SPCX shares will be available to all eligible customers, availability is subject to the IPO taking place.

Yes, SPCX will be available across all account types. Orders will only be executed once regular trading begins.

Please ensure that:

• Your Trading 212 account is fully verified. 
• Your account has sufficient available funds. 
• Your app is updated to the latest version.

If your account verification is incomplete, you may not be able to place an order. You can check your verification status in the app under Account Settings.

Yes, with pre-listing orders, you can set up your order before public trading begins. We queue your order until the stock is listed, and once trading for the public begins, we submit it for execution.

Submitting a pre-listing order does not guarantee that order will be executed, fully executed, or executed at an expected price.

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.

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, Market orders are generally only available once the instrument is actively trading. Until then, the following 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.
   

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.

If admitted on the Nasdaq, SPCX is expected to trade in USD. If your Trading 212 account is denominated in any other currency, a currency conversion will apply at the time of execution. Trading 212's standard FX conversion fee applies at the time of execution in line with the fees and terms shown in-app. You can also 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.

Before trading begins, there may be press reports or indicative pricing ranges in the market. These are not the same as a guaranteed execution price for retail investors using Trading 212. 

Once public trading begins, the market is determined by supply and demand in the market. The price at which your order executes may be materially different from any reported IPO price or indicative reference price.

For reference, 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, not to Trading 212 customers. Before official trading starts, we show the IPO price in the app.

Once SPCX begins trading on Nasdaq, the price is determined by live market supply and demand. The price you see after the trading start 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.

There are several reasons why this can happen:

• Prices can move quickly when trading opens
• Market liquidity may be limited at launch
• A market order will execute at the best available market price at the time it reaches the market.
• A limit order may not execute at all if the market does not trade at your limit price.

Yes. If volatility reaches certain thresholds, exchanges may temporarily impose halts or pauses to trading in response to volatility or order imbalances. 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.

Yes. If notifications are enabled, you will receive a notification when pre-listing orders open for SPCX, and again when live trading becomes available. Notification timing is not guaranteed, so clients should monitor the app directly.

Small price differences between platforms are normal and can occur because of data-feed timing, bid/ask spreads, market depth, and the fact that some platforms display the last traded price rather than an executable price.  

Please note that Trading 212 displays the last traded price.

If you notice a significant and sustained discrepancy, contact Trading 212 Support.

If SPCX becomes available for your account, you can usually place an order by:

1. Logging in to the Trading 212 app or desktop platform
2. Ensuring your account is verified and funded before the listing date
3. Searching for "SPCX" in the app once the instrument is live
4. Selecting your investment amount - fractional shares are supported, so you don't need to buy a full share
5. Reviewing the order type, price information, fees, and currency conversion that may apply, before placing and confirming 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.

Before placing an order in a newly listed share, please note:

• Newly listed shares can be highly volatile, especially on the first day of trading
• The market price when public trading starts may be significantly higher or lower than any reported IPO offer price.
• A pre-listing order does not guarantee execution
• If you place an order in a currency different from your account currency, foreign exchange conversion will apply.
• You could lose some or all of the money you invest.

This page is for information only. It is not a recommendation or personal recommendation to buy, sell, or hold SPCX, and does not take account  of your individual circumstances, investment objectives, or risk tolerance. Trading 212 provides an execution-only service.

Please verify information using official sources and always refer to the issuer’s official offering documents, relevant exchange announcements, and the SEC’s EDGAR database for the most up-to-date confirmed information. 
 

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)

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

Investing in a newly listed company can involve elevated risk.  Risks may include:

• High share-price volatility
• Limited trading history as a listed company
• Uncertainty around valuation
• Corporate governance risks, including where public investors have limited influence.
• Potential selling pressure after lock-up restriction expire
• Foreign exchange risk for non-USD accounts

This is not a complete list of risks.  Please review the official offering documents and consider whether the investment is appropriate for your financial circumstances and risk tolerance before placing an order.
 

A lock-up is a contractual restriction that may prevent certain existing shareholders, employees or insiders from selling shares for a period after listing.  

When a lock-up ends, additional selling activity may affect the market price.

Any lock-up terms for SPCX would be set out in the official offering documents once confirmed.  

As a Trading 212 user, you can only buy shares after public trading has started. Shares you acquire through Trading 212 are not subject to any lock-up period.

Client assets are held separately from the company's own funds, in accordance with Trading 212’s safeguarding arrangements. For more information, please refer to this article for more details of how your money is protected.

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

Executed positions normally 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.

Any dividend policy would be determined by the issuer and described in its official disclosures.  If no dividend policy has been announced, clients should not assume dividends will be paid.

For confirmed information, refer to:

• The issuer’s offering documents
• The SEC’s EDGAR database - search for "Space Exploration Technologies" for the S-1 and all subsequent filings
• Relevant Nasdaq or other exchange announcements
• Trading 212 app - in-app notifications and instrument availability once live, order ticket disclosures and fee schedules