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A market commentator warned that the upcoming SpaceX IPO could trigger selling across stocks and cryptocurrencies as investors raise cash to buy shares. The argument centers on the IPO’s reported $1.75–$2 trillion valuation and demand exceeding available shares by more than four times. Supporters of this view say oversubscribed investors may sell existing holdings to gain exposure. However, the claim that June 12 will be the “worst day for markets in history” remains speculative and unproven. Markets will closely watch trading activity after the IPO begins to assess whether it causes a broader liquidity shift.

SpaceX is officially going public tomorrow, Friday, June 12, 2026, listing on the Nasdaq under the ticker SPCX. Final pricing locks in tonight at an expected $135 per share. This historic debut matters because it marks the largest IPO in history, valuing Elon Musk’s aerospace giant at an unprecedented $1.8 trillion. Next, public trading will open tomorrow. However, due to a massive price discovery process, expect the stock to actually begin trading late morning or early afternoon ET rather than at the 9:30 AM opening bell.

While the stock market officially opens at 9:30 AM ET, SPCX will not start trading at that exact time. Due to the $75 billion listing, the Nasdaq must run a massive “price discovery” process. Underwriters (led by Goldman Sachs) will manually match buy and sell orders to find a stable equilibrium before releasing the stock to the public. The first public trades for SPCX will likely start late in the morning or early in the afternoon ET—usually sometime between 11:30 AM and 1:30 PM ET. If you are waiting to buy shares on your favorite trading app, just keep refreshing your screen around midday. It will go live the moment that behind-the-scenes math is settled!

SpaceX has priced its IPO at $135 per share, raising $75 billion at an implied valuation of about $1.8 trillion, making it the largest IPO on record. Reported demand exceeded $250 billion, leaving the offering roughly four times oversubscribed. The company is allocating up to 30% of shares to retail investors, a larger share than is typical for major IPOs. Before trading begins, New Street Research issued a $165 price target, while investor Jim Chanos criticized the offering as being driven by future expectations rather than proven results. Investors will now watch how shares perform when trading starts.

Investors who submitted indications of interest for the SpaceX IPO must confirm their interest after the offering is officially priced, currently expected on June 11. Confirmation converts a non-binding indication into an order to buy shares at the final IPO price. Participating brokerages may open the confirmation window late on June 11 and close it as early as 7 a.m. ET on June 12. Investors who do not confirm will not receive shares. Allocations, if any, are expected to be announced before trading begins on June 12, and accounts must be funded to complete purchases.

SpaceX has reportedly received orders for more than four times the shares available in its upcoming IPO, signaling strong investor demand. The company aims to raise about $75 billion at a reported valuation of $1.8 trillion, which would make it the largest IPO on record, exceeding the listing of Saudi Aramco. The offering is being closely watched as a test of investor appetite for large technology listings. Shares are expected to begin trading on June 12 under the ticker SPCX.