SpaceX secures ticker symbol SPCX ahead of blockbuster $75 billion IPO

By Editorial Team · Published June 5, 2026 · 2 min read · Source: Crypto Briefing

SpaceX secures ticker symbol SPCX ahead of blockbuster $75 billion IPO

Elon Musk's rocket company is headed to Nasdaq with a $1.75 trillion valuation, $1.29 billion in Bitcoin on its balance sheet, and crypto exchanges already offering pre-IPO trading contracts.

Add us on Google by Editorial Team Jun. 5, 2026

SpaceX just locked down the Nasdaq ticker SPCX, and the price tag wasn’t for a rocket. The company paid Tuttle Capital Management to acquire the symbol after a switch finalized in April 2026, clearing the last symbolic hurdle before what’s shaping up to be one of the largest IPOs in history.

The offering targets a share price of roughly $135, with approximately 555.6 million shares on the block. If you do the math, that’s around $75 billion in capital raised and a company valuation of approximately $1.75 trillion.

The road to Nasdaq

SpaceX, formally known as Space Exploration Technologies Corp., filed confidentially in April 2026 before releasing a public prospectus in May. The IPO is targeting pricing around June 11, 2026, with trading expected to begin the following day on June 12.

Goldman Sachs and Morgan Stanley are among the major underwriters backing the deal.

If the IPO prices as planned, Elon Musk would simultaneously be at the helm of two trillion-dollar enterprises. Tesla already sits in that territory.

The Bitcoin wrinkle

SpaceX holds approximately $1.29 billion in Bitcoin as of its IPO filing. That’s a meaningful chunk of the balance sheet for a company about to go public, and it creates a direct link between Bitcoin’s price action and SpaceX’s perceived value.

When SpaceX reports quarterly results, its BTC holdings will be marked to market. Strong Bitcoin performance improves the balance sheet. Weak performance becomes a headline risk for a trillion-dollar public company.

Crypto exchanges are already trading the hype

Binance and Coinbase have launched pre-IPO perpetual contracts tied to SpaceX’s valuation, letting traders speculate on the company’s worth using stablecoins like USDT and USDC.

These instruments give crypto-native traders access to equity-adjacent speculation, and they give the broader market a real-time sentiment gauge before shares even start trading.

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