SpaceX is expected to begin trading on the Nasdaq under the ticker symbol SPCX on Friday, June 12, 2026. This article covers what Firstrade customers can expect on IPO day, which order types are available, and answers frequently asked questions.
Key Details
When will the SpaceX (SPCX) IPO occur?
The IPO is expected on June 12, 2026, likely mid-morning or later. Timing may be delayed due to market conditions.
What is the ticker symbol for SpaceX?
SpaceX is expected to trade under the ticker SPCX on the Nasdaq.
What is the IPO price?
The IPO price for SPCX is $135 per share. The IPO price is the price set for a company’s shares in its initial public offering. Once the stock begins trading, its price is set by the open market — by live supply and demand — rather than by the IPO price. This means the first market trade, and every trade after it, can be higher or lower than $135.
Can I buy SPCX at the IPO price?
No. Participation in the IPO itself — purchasing shares at the $135 offering price before they list — is not available at Firstrade.
What should I expect on IPO day?
SPCX may experience:
High volatility
Wide price spreads
Trading halts and resumptions
This is normal for a high-demand IPO.
Placing Orders Before the IPO Opens
When can I start placing orders for SPCX?
SPCX will be available for order entry beginning at 8:00 AM ET on June 12, 2026. Orders placed before SPCX begins trading will be queued and will not execute until the stock opens on the exchange.
What orders are accepted?
Limit orders for whole shares will be accepted
Buy market orders will be rejected
Some order types may not be accepted, including:
Fractional shares
Stop or stop-loss orders
All-or-none (AON) orders
Are GT90 orders accepted, or Day orders only?
Both Day and GT90 (Good-Till-90 days) limit orders are accepted. A Day order expires at the end of the trading day if it has not been filled. A GT90 order remains active until it is filled during market hours, canceled, or expires after 90 days.
Will I see price quotes for SPCX before it opens?
No. Indicative pricing for an IPO is generally not available through standard market data feeds before the first trade. If you do not see a live quote for SPCX before it opens, this is normal — it does not mean there is a problem with your account or the platform.
How does the IPO price affect my limit order?
Opening price: Newly listed stocks are often volatile, and the first market price can differ significantly from the IPO price, especially when demand is high.
Limit orders: A limit price set far from the current trading price may not be executed. Setting your limit close to where the stock is trading generally improves the chance your order fills. Setting your limit far outside where the stock is trading may result in the order being rejected by the market.
First Day of Trading
Why hasn’t the stock started trading at market open?
IPOs do not begin trading when the market opens at 9:30 AM ET. Before the first trade, the exchange runs a price discovery process: market makers collect buy and sell orders to determine an opening price that balances supply and demand. For a high-demand IPO like SPCX, this process can take several hours, which is why the first trade is expected mid-morning or later.
What orders are accepted?
Only limit orders will be accepted on the first day of trading
Additional order types will become available typically on the next trading day
Can I trade SPCX on margin?
No. SPCX will not be margin-eligible for at least 30 days after the IPO, per Regulation T.
Can I short sell SPCX on IPO day?
No. Short selling will not be available on June 12, 2026.
Is overnight or extended-hours trading available for SPCX?
Extended-hours trading may not be available during the first day as the market monitors conditions and liquidity. We expect overnight trading to become available during Sunday, 6/14/26’s overnight session starting at 8 PM ET.
Trading Halts and Volatility
Should I expect trading halts?
Yes. SPCX is likely to experience one or more trading halts on its first day due to rapid price movement. Under the market-wide Limit Up-Limit Down (LULD) rules, trading in a stock is automatically paused when its price moves outside a set band in a short period. These rules apply to all listed stocks, including new IPOs, and halts of a volatile new listing are normal and expected.
What happens to my open orders during a trading halt?
Your open orders are not canceled when trading is halted. They remain open and become eligible to execute when trading resumes, subject to your limit price. Keep in mind that the price when trading resumes may be significantly different from the price before the halt — review your open orders and limit prices accordingly.
Will Firstrade impose any additional buy restrictions on SPCX?
Firstrade may implement temporary restrictions, such as order size or quantity limits, if trading volume significantly exceeds normal levels.
Options Trading
When will options trading be available for SPCX?
Options are expected to begin trading on June 16, 2026, subject to change.
Understanding the Risks
Are there additional risks when trading a newly listed IPO stock?
Yes. Trading a newly listed stock carries risks beyond those of established securities, including but not limited to:
Higher volatility and rapid price movements
A limited operating history as a public company
Wider bid-ask spreads
Limited analyst coverage in the early days of trading
Make sure you understand these risks, other related risks, and consider them alongside your investment goals before trading SPCX.