SpaceX Targets $135 IPO Price, Setting Up a $1.77 Trillion Debut on Nasdaq

SpaceX set a fixed IPO price of $135 per share, valuing the company at $1.77 trillion.
The stock will debut on Nasdaq under the ticker
$SPCX on June 12.
Reddit sentiment is strongly bullish, with a score of 0.42 and heavy engagement across multiple subreddits.

SpaceX is making headlines on Reddit after the company filed a fixed IPO price of $135 per share, a move that would value Elon Musk's space venture at $1.77 trillion and make it the seventh-largest U.S. company by market cap. The stock is set to begin trading on the Nasdaq under the ticker

$SPCX on June 12.

The discussion is centered in r/stocks, where a post detailing the IPO pricing drew 363 upvotes and 282 comments. According to the SEC filing, SpaceX plans to sell 555.6 million shares, raising $75 billion. The company opted for a fixed price rather than the typical price range, a unique approach after preliminary investor meetings.

The valuation of $1.77 trillion assumes the closing of the EchoStar spectrum and Cursor transactions. At that level,

$SPCX would surpass Tesla's current market cap of roughly $1.6 trillion, fueling speculation among retail investors about a potential future merger between the two Musk-led companies.

Reddit Sentiment and Engagement

Across Reddit,

$SPCX ranks 12th in overall ticker discussion with a sentiment score of 0.42, indicating strong bullish lean. The ticker generated 378 comments and 1,426 upvotes across 7 posts, with a rank delta of +18, suggesting rapidly growing interest.

The r/smallstreetbets community also showed outsized enthusiasm, with 148 posts, 1,503 upvotes, and 1,682 comments, and an average sentiment of 0.72. This suggests a highly engaged retail audience betting on the IPO's success.

SPCX

$SPCX

What Reddit Is Saying

The top post in r/stocks highlights the scale of the offering: a $75 billion fundraise at a $1.77 trillion valuation. Commenters are debating whether the fixed-price strategy signals strong demand or a desire to control the narrative. Some are drawing comparisons to other high-profile IPOs, while others are speculating on the potential for a Tesla-SpaceX merger down the line.

The sentiment in r/smallstreetbets is even more exuberant, with many users positioning for a pop on debut. The high average sentiment of 0.72 reflects a community that sees

$SPCX as a generational opportunity, though some caution that the valuation leaves little room for error.

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