If reports are accurate, SpaceX (SPAX.PVT) will price its monster IPO the night of June 11, with trading beginning as early as Friday, June 12.
Elon Musk’s rocket and satellite company is reportedly planning to sell 555.6 million shares at $135 apiece, with the aim of raising $75 billion, making it the largest IPO in history, giving SpaceX a whopping $1.75 trillion valuation, if all goes as planned.
But for investors looking to get in on the action sooner, there are options. Just know that there are risks, trade-offs, and heavy fees.
The most direct route to SpaceX stock before an IPO is through a private secondary market. These are transactions in which existing shareholders — employees, early investors, or former contractors — sell their vested stock to new buyers. SpaceX does not issue new shares in these deals; instead, investors buy from existing shareholders.
It’s been quite a popular option in recent months.
“SpaceX is consistently one of the most actively traded names on our platform because there’s nothing else like it in the private markets today,” Greg Martin of Rainmaker Securities, which specializes in the secondary markets, told Yahoo Finance. “You’ve got a highly defensible, massive operating scale business, a multitude of major TAM [total addressable market] expansion opportunities, with a continuously evolving story.”
Martin added, “Demand has also almost always outpaced supply, and that’s been true even during periods where broader secondary market activity has been more muted.”
Shares purchased on secondary markets are typically subject to a lockup period after an IPO — usually 90 to 180 days — during which you cannot sell. This is a standard limitation designed to prevent a flood of supply hitting the market immediately after listing.
Once the lockup expires, shares convert to tradable stock on whatever exchange SpaceX lists on (with the Nasdaq Composite being the frontrunner), and owners can sell, hold, or transfer them like any other public company shares.
To participate in private markets, individuals must qualify as an accredited investor — meaning an individual income above $200,000 per year (or $300,000 combined with a spouse) for at least two consecutive years, or a net worth exceeding $1 million excluding a primary residence. Investment minimums are steep: Most platforms require at least $50,000 to $100,000 per transaction.
Aside from Rainmaker, other notable secondary platforms include EquityZen, Forge Global, and Hiive.
Hiive is a newer entrant with real-time pricing data. As of April 2026, Hiive listed SpaceX stock at around $832 per share.
Even the Nasdaq Composite (^IXIC), which will list SpaceX stock once it goes public, as its private market offering. Nasdaq says it primarily serves institutional and high-net-worth investors and tends to facilitate larger block transactions directly from insiders and funds.
Other ways to “buy” SpaceX ahead of the IPO are structured through special-purpose vehicles (SPVs) or funds, rather than as direct share ownership.
In these cases, you hold an interest in a fund that owns the shares — not the shares themselves. Post-IPO mechanics can differ slightly, as some will give some stock or, most likely, a cash payout to its investors.
One investor told Yahoo Finance that he invested in an SPV that provides exposure to a mix of both SpaceX common and preferred stock through a venture capital fund for accredited investors. While he was able to invest early in SpaceX stock, he noted that “fees are heavy.”
“An investor must be careful to avoid a situation where the combination of fees and a small percentage holding makes the investment unattractive,” Jay Ritter, a professor at the University of Florida and director of the IPO Initiative, told Yahoo Finance.
SpaceX’s megarocket Starship makes a test flight from Starbase, Texas, on May 22, 2026. (AP Photo/Eric Gay) ·AP Photo/Eric Gay
A simpler method to get exposure to SpaceX — and one that offers greater liquidity — is through several publicly available ETFs and mutual funds. The Fidelity Contrafund (FCNTX) is one of the granddaddies of growth investing, managed by Willian Danoff since 1990 and having huge hits with investments in Meta (META), Nvidia (NVDA), Amazon (AMZN), and Microsoft (MSFT), among other large-cap growth companies.
“We like SpaceX, in part, for its Starlink business focusing on low-earth-orbit satellites, which has created a web of broadband internet access to previously underserved communities in rural and remote areas,” the fund wrote in its 2025 end-of-year review.
Contrafund’s position in SpaceX is valued at around $3.5 billion, or just over 2% of the fund’s $170 billion in assets.
ERShares Private-Public Crossover ETF (XOVR) holds approximately $205 million of SpaceX exposure through a special-purpose vehicle, making it an ETF with a stake in the company, though the ETF does not provide direct ownership of SpaceX stock.
Baron Partners Fund (BPTRX) is a mutual fund with roughly 33% of its portfolio in SpaceX — its largest position and one of the heaviest weightings of any publicly accessible fund. Founder Ron Baron is a noted fan of Elon Musk and an early backer, so the fund’s high ownership of SpaceX is not a surprise, ahead of Tesla (TSLA) at 20.4%.
Elon Musk attends the finals for the NCAA wrestling championship on March 22, 2025, in Philadelphia. (AP Photo/Matt Rourke, File) ·AP Photo/Matt Rourke
The ARK Venture Fund (ARKVX) is managed by noted tech investor Cathie Wood of ARK Invest and targets private market disruptors. SpaceX is its largest holding at around 17% weighting. Note that the ARK Venture Fund is a closed-end mutual fund and is totally separate from the ARK Innovation ETF (ARKK) that boomed during Tesla’s big run but cooled off recently.
For broader space sector exposure without direct SpaceX stakes, funds like the ARK Space & Defense Innovation ETF (ARKX) and the Procure Space ETF (UFO) track companies across launch, satellite, and defense — sectors that stand to benefit if SpaceX’s growth continues and rerates the entire sector.
With SpaceX reportedly filing for an IPO targeting a $1.5 trillion to an eye-popping $2 trillion valuation, the window for pre-public entry is narrowing.
Another option to keep in mind is timing — and whether it even makes sense to invest in SpaceX now.
“Investors make money by buying low and selling high. The price today is no longer low,” University of Florida’s Ritter said. “SpaceX might be a great company, but a great company is not the same thing as a great stock.”
Pras Subramanian is Lead Transportation Reporter for Yahoo Finance. You can follow him on X and on Instagram.
