About the company
Space Exploration Technologies Corp., trading as SpaceX, is a US-based designer, manufacturer and operator of advanced rockets and spacecraft. Founded in 2002, the company has redefined the economics of space access through reusable launch systems and operates the world's largest satellite constellation, Starlink, which provides broadband internet to over 110 countries.
This offering represents the company's first sale of common stock to public investors. Proceeds will primarily fund Starship development, expansion of the Starlink network into new markets, and orbital data-centre infrastructure.
~$15bn
Estimated FY2025 revenue
7,500+
Active Starlink satellites in orbit
450+
Successful Falcon 9 launches
110+
Countries served by Starlink
Offering timeline
2 May
Subscription openedRBS clients began applying for allocations.
Done
7 May
You are hereOffering currently 87% subscribed. Allocations being prioritised.
Now
11 May
Subscription closesFinal cut-off at 17:00 BST. Funds remain in escrow.
Upcoming
13 May
Allocation confirmedYou will receive an email with your final allocation amount.
Upcoming
14 May
Listing dayShares begin trading on NYSE under ticker SPACE.
Upcoming
Key risks
Read this carefully before applying.
- High volatility expected. IPO shares can move significantly in the days following listing — gains or losses of 30%+ on day one are not uncommon for high-profile tech IPOs.
- Capital intensive operations. Starship development and orbital infrastructure require ongoing significant investment. Profitability timelines remain uncertain.
- Founder concentration. Elon Musk holds significant voting control through dual-class share structure, which limits public-shareholder influence.
- Currency risk. Shares are USD-denominated. GBP investors are exposed to USD/GBP exchange rate movements.
- Regulatory exposure. Operations are subject to FAA, FCC and international satellite licensing regimes.
- Allocation not guaranteed. If oversubscribed, your application may be partially or fully unfulfilled. Funds will be returned to your account within 3 business days.