SpaceX IPO on the Nasdaq: how Spanish investors can get in
SpaceX goes public on June 12, 2026 on the Nasdaq. Spanish investors can take part via Santander, Renta 4 or online brokers. Valuation of $1.5 trillion.
English · Original discussion in Spanish · Published
SpaceX is preparing to go public on the Nasdaq under the ticker SPCX: Spanish retail investors have limited but real options to take part. Santander, Renta 4 and GVC Gaesco lead the retail tranche, but the $1.5 trillion valuation and xAI's losses call for caution.
SpaceX's IPO, expected around June 12, 2026 on the Nasdaq under the ticker SPCX, has whetted investors' appetite even among those who hadn't bought shares since the Franco era. The chance to get in on Elon Musk's company has triggered a flood of questions about how an individual investor can access the offering.
Channels for Spanish retail investors
The good news is you don't need to be a Morgan Stanley or Goldman Sachs client. According to the deal documentation, Santander is acting as coordinator of the retail tranche in Spain, with Renta 4 and GVC Gaesco also taking part. In addition, platforms such as Interactive Brokers, DeGiro, Revolut and Trade Republic offer access. The application window runs until June 11. CaixaBank customers will find that the bank is not part of the underwriting syndicate, despite initial hopes.
The price and the risks
In Friday's after-market it was trading at $166.80, which gives a reference point, but volatility promises to be high. Some have already placed buy orders with limits of $165, although geopolitical euphoria could send the price soaring. That said, it's worth remembering that SpaceX has just absorbed xAI (Grok+Twitter), which is losing $1 billion a month and whose AI model lags behind the competition. The company's total valuation is around $1.5 trillion, a figure that begs the question of how much of that is real muscle and how much is Musk faith.
With these numbers, the old mantra that "buying into an IPO is guaranteed profit" — as peine with Inditex — may not apply here. The institutional underwriters take the lion's share; retail investors get the scraps, and not always at the offering price. History shows that initial euphoria comes at a steep price.
Related discussions in the forum
SpaceX's IPO, expected around June 12, 2026 on the Nasdaq under the ticker SPCX, has whetted investors' appetite even among those who hadn't bought shares since the Franco era. The chance to get in on Elon Musk's company has triggered a flood of questions about how an individual investor can access the offering.
Channels for Spanish retail investors
The good news is you don't need to be a Morgan Stanley or Goldman Sachs client. According to the deal documentation, Santander is acting as coordinator of the retail tranche in Spain, with Renta 4 and GVC Gaesco also taking part. In addition, platforms such as Interactive Brokers, DeGiro, Revolut and Trade Republic offer access. The application window runs until June 11. CaixaBank customers will find that the bank is not part of the underwriting syndicate, despite initial hopes.
The price and the risks
In Friday's after-market it was trading at $166.80, which gives a reference point, but volatility promises to be high. Some have already placed buy orders with limits of $165, although geopolitical euphoria could send the price soaring. That said, it's worth remembering that SpaceX has just absorbed xAI (Grok+Twitter), which is losing $1 billion a month and whose AI model lags behind the competition. The company's total valuation is around $1.5 trillion, a figure that begs the question of how much of that is real muscle and how much is Musk faith.
With these numbers, the old mantra that "buying into an IPO is guaranteed profit" — as peine with Inditex — may not apply here. The institutional underwriters take the lion's share; retail investors get the scraps, and not always at the offering price. History shows that initial euphoria comes at a steep price.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (17 replies).
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