How to Buy SpaceX Stock in 2026: Pre-IPO Perps, Secondaries, and the SPCX IPO

Update (June 12, 2026): SpaceX is now public. Shares began trading today on the Nasdaq Global Select Market (and Nasdaq Texas) under the ticker SPCX, priced at $135 a share. The deal sold about 555.6 million Class A shares to raise roughly $75 billion (up to $86.25 billion if underwriters take the full over-allotment), valuing SpaceX near $1.77 trillion: the largest IPO in history. US investors can now buy SPCX directly through any brokerage, so the pre-IPO routes below matter mainly outside the US or as context.

SpaceX is about to become the biggest public listing in history, and for the first time you can take a position on its price before a single share trades on a public exchange. Here is how the new pre-IPO products work, who can actually use them, and the simplest path for everyone else.

TL;DR: Outside the US, Coinbase and Binance now offer SpaceX pre-IPO perpetual futures (USDC-settled, 24/7, no expiry, auto-converting when SpaceX lists). US investors cannot use those. Their realistic options are buying SPCX now that it trades on the Nasdaq (it listed June 12, 2026 at $135), or private secondaries for accredited investors. This is information, not financial advice.

The SpaceX IPO at a glance

• Ticker: SPCX, listing on the Nasdaq.
• Price: a fixed roadshow price of $135 per share.
• Valuation: roughly $1.77 trillion.
• Size: about 555.6 million shares for a $75 billion raise, the largest IPO on record, more than triple Alibaba's.

Option 1: Pre-IPO perpetual futures (outside the US)

Coinbase just launched pre-IPO perpetual futures, and SpaceX is the first listing. It gives eligible traders price exposure to a private company before it ever trades publicly. Key mechanics:

• USDC-settled perpetual future on SpaceX's pre-IPO price, with all profit and loss realized in USDC.
• 24/7 trading, no expiry, no rollover. Open and close positions any time, like any perp.
• Up to 5x leverage (lower than Coinbase's standard stock perps at 10x and ETF perps at 20x).
• Auto-transition at IPO: when SpaceX completes its IPO, the position automatically converts to the standard SpaceX Perp. No action, no rollover, continuous exposure from private to public.
• You own no equity. The product is offered by Coinbase Bermuda Ltd (regulated by the Bermuda Monetary Authority), with EEA access via Coinbase Financial Services Europe. It is not affiliated with or endorsed by SpaceX.

Who can use it: eligible users in supported jurisdictions outside the US. It is not available to US persons, and is also restricted in Canada, the UK, Singapore, India, Australia and other markets. Binance offers a comparable SpaceX pre-IPO contract with similar geographic limits.

Option 2: Private secondaries (accredited investors)

Marketplaces such as Forge Global and EquityZen broker existing SpaceX shares sold by employees and early holders. This is real equity, but it is gated: you typically need to be an accredited investor, minimums are high, liquidity is limited, and pricing can sit at a premium or discount to the last private round. It also closes as a company approaches its IPO.

Option 3: Buy SPCX at or after the IPO (open to everyone)

The simplest, fully regulated route, available to US retail included, is to buy SPCX once it begins trading on the Nasdaq. Any standard brokerage (Schwab, Fidelity, Robinhood, Interactive Brokers and others) can place the order. The trade-off is that you are buying at the open rather than before the listing, and first-day IPO prices can be highly volatile.

Pre-IPO perps vs the IPO vs secondaries

Understand the risks before you trade pre-IPO perps

Pre-IPO perpetual futures are very different from standard perps. Coinbase itself flags a valuation-based index price mechanism, IPO conversion risk, lower liquidity, higher volatility and increased liquidation risk. Leverage cuts both ways: a small adverse move can wipe out a position. Only trade products you fully understand, and never risk money you cannot afford to lose.

FAQ

What is SpaceX's stock ticker? SpaceX is expected to trade as SPCX on the Nasdaq.

Can US investors buy SpaceX pre-IPO perps? No. The Coinbase and Binance pre-IPO perpetual futures are not available to US persons. US investors can buy SPCX once it lists, or use private secondaries if accredited.

What does "USDC-settled, no expiry" mean? Your gains and losses are paid in USDC, and the contract has no fixed end date, so you can hold or close it whenever you want without rolling into a new contract.

When is the SpaceX IPO? The listing is targeted for around June 12, 2026 at a fixed price of $135 per share, though timing can change.

Is this financial advice? No. This article is for information only. Do your own research and consider speaking with a licensed financial professional.

Disclaimer: This article is for informational purposes only and is not financial, investment, or trading advice. Pre-IPO perpetual futures carry elevated risk and are not available to US persons. StartupHub is not affiliated with, sponsored by, or endorsed by SpaceX, Coinbase, or Binance.