Today, June 12, SpaceX (SPCX) will begin trading on Nasdaq.
Analysts estimate that it could be the largest IPO in history.
SpaceX’s pre-IPO subscription through Binance Wallet attracted $557 million in funds from 27,689 addresses.
This pre-IPO investment process was enabled on May 21, 2026 and remained active until today, June 12, the date on which the aerospace company will begin to be formally listed on the Nasdaq stock exchange under the ticker SPCX identifier.
An IPO is the process by which companies sell shares for the first time on the public exchange. For its part, a pre-IPO on Binance allows investors to speculate on the price that the shares could have before that official debut occursoffering an entry window analyzed under early conditions.
In this specific pre-release, the on-chain data compiled by Dune Analytics recorded the participation of investors according to the volume of capital contributed.
By subscription size, addresses that contributed $20,000 or less accounted for 81.48% of participantsbut only 18.39% of the total funds.
In contrast, the records show that the addresses with larger contributions accumulated the remaining percentage of the collection.
The breakdown of these larger investors reveals that addresses contributing more than $20,000 and up to $100,000 represented 16.69% of participants and 57.67% of funds. Likewise, a select group of 114 addresses contributed $500,000 or more, which represented 10.23% of the total campaign capital.
SpaceX enters the market with great expectations
SpaceX set a price of $135 per share with the United States Securities and Exchange Commission (SEC). The company aims to raise $75 billion and debut on Nasdaq with a total valuation of $1.77 trillion, which means it would be the IPO of highest volume recorded in history, according to analysts.
This figure includes the assets of the firms xAI and the social media platform integrated both companies within the aerospace company conglomerate earlier this year.
SpaceX’s goal of reaching a valuation of $1.77 trillion would immediately put it above Tesla, also owned by Musk, whose current market capitalization is 1.5 trillion dollars. Nevertheless, sustaining this value in the open market will depend on the real confidence of Wall Street in front of a conglomerate that now ties the aerospace business with social networks and the development of artificial intelligence (AI).
As CriptoNoticias reported, this IPO occurs in the midst of what BloFin Research analysts describe as “the largest mega-IPO cycle” in recent history. This phenomenon, which also includes the expected public offerings of OpenAI and Anthropic later this year, could absorb altogether more than 240,000 million dollars from the market before the end of 2026.
Therefore, while SpaceX garners immediate attention, the financial ecosystem will measure its real success in parallel with these new AI giants. Both Anthropic and OpenAI are already preparing the ground targeting individual valuations close to $1 trilliona simultaneous movement that will test global liquidity and investor appetite.