SpaceX IPO Guide: How to Buy SPCX Shares in the US and Canada

SpaceX is preparing for what could be the largest initial public offering in history, and regular investors are getting an unprecedented opportunity to buy in at the official offering price.

The rocket and AI company filed its Form S-1 with the U.S. Securities and Exchange Commission, planning to list on the Nasdaq under the ticker symbol SPCX. The company targets a pricing of roughly $135 per share, aiming to raise up to $75 billion. Shares could begin trading on the public market as early as June 12, 2026. What makes this debut unique is that reports indicate up to 30% of the entire offering is being reserved for everyday buyers. This is a massive jump from the typical 5% to 10% retail allocation seen in most major IPOs, significantly raising the odds of securing shares before public trading starts.

Buying SPCX at the IPO Price in the United States

American retail investors can access the IPO directly through several major brokerages that have secured allocations at the same price institutional investors pay.

Robinhood allows users to request shares directly through its IPO Access feature with no account minimums. SoFi Active Investing also requires no minimum balance and lets users submit an indication of interest right in the app. Other platforms have higher bars for entry.

Charles Schwab requires a $100,000 account balance to participate in this specific offering via a Conditional Offer to Purchase.

Fidelity today lowered asset requirements from $500,000 to $2,000 US so investors will need to check their specific eligibility status on the platform.

E*TRADE, backed by Morgan Stanley, has not listed a formal minimum balance for this debut, and because Morgan Stanley is a lead underwriter for the SpaceX offering, the platform could see a healthy allocation of shares.

To participate, investors need to open and fund an eligible account immediately, as allocation windows close quickly. After completing the necessary investor questionnaires and reviewing the preliminary prospectus, users can submit their indication of interest during the official offering window, which runs roughly from June 8 to June 11. Once the final price is set, investors must log in to manually affirm their order, usually in the early morning hours of the listing date.

Because demand will heavily outweigh supply, shares will likely be handed out on a pro-rata basis. Investors should expect partial fills or to miss out on the initial allocation entirely.

Anyone who misses the IPO window can still purchase SPCX on the open market when trading begins on June 12, though early trading is expected to be highly volatile. While the company boasts massive growth, the prospectus highlights substantial risk factors, including heavy capital expenditures and losses tied to the development of Starship, Starlink infrastructure, and advanced AI systems.

How Canadian Investors Can Access SpaceX Shares

Canadians can purchase SPCX shares through domestic brokerages that offer access to U.S. exchanges, though securing actual IPO-price allocation north of the border requires a few extra steps.

RBC Dominion Securities and RBC Direct Investing have reportedly secured a Canadian distribution allocation. RBC clients can contact their representatives directly to request access to the pool at the offering price. Wealthsimple has also been expanding its retail IPO platform to include major cross-border listings, making it a key destination to watch. For those looking to buy shares immediately when they hit the open market, Questrade, Interactive Brokers, Qtrade, Scotia iTRADE, and CIBC Investor’s Edge all offer robust access to the Nasdaq.

Canadian investors looking for pre-listing shares should establish a U.S. dollar trading account to bypass costly automated currency conversion fees. If applying for IPO access through platforms like Questrade, keep in mind that a minimum account equity of $5,000 CAD is generally required for international new issues.

For the vast majority of Canadian buyers, the most straightforward path will be purchasing SPCX on the Nasdaq immediately after it lists. When trading opens, simply search for the ticker symbol on your platform and use a limit order to control your entry price. Investors should factor in standard self-directed trading commissions, foreign exchange spreads, and potential non-resident withholding taxes on future distributions. Because this is a standard U.S. public listing, SPCX shares are expected to be eligible for Canadian registered accounts, including TFSAs and RRSPs, though investors should confirm eligibility with their brokerage once the final listing structure is locked in.

Trading Dynamics and Long-Term Risks

When SPCX opens for public trading, the market will be processing a valuation that sits between $1.75 trillion and $2 trillion. Early trading volumes will be intense, driven by retail enthusiasm and global brand recognition.

Investors should note that Elon Musk is expected to maintain tight control over the company through a multi-class share structure featuring super-voting shares, meaning public equity holders will have minimal say in corporate governance. Furthermore, lock-up agreements will restrict company insiders and early venture backers from selling their shares for the first 180 days, which can sometimes lead to a sudden shift in share supply once that period expires.

With the institutional roadshow currently underway, the timeline for securing early shares is shrinking. Anyone looking to participate in the initial allocation needs to coordinate with their broker before the June 8 window opens.

Disclaimer: This article is for educational purposes only and is not financial advice. IPO investing carries real risk, and buying IPO shares is done entirely at your own risk. Review the prospectus, check current SEC filings and your brokerage’s IPO page, consult a licensed financial or tax advisor, and only invest what you can afford to lose.