Bloomberg ETF analyst Eric Balchunas has said SpaceX may use the $SPCX ticker for its planned initial public offering. He shared that view in a post on X, where he said Elon Musk likely had to acquire the ticker from Matt Tuttle. Balchunas linked that view to an ETF ticker change that appeared recently.
Balchunas wrote, “Looks likely Elon is going to use $SPCX as ticker for SpaceX IPO.” He also said his team had predicted that possibility in a December note. He credited another market observer for spotting the change and tied it to the earlier forecast.
The comment has drawn attention because SpaceX is preparing one of the biggest public offerings ever reported. The company has not confirmed the ticker publicly. Still, the post added a new point of interest as bankers and investors prepare for the listing process.
The ticker discussion comes as SpaceX is moving closer to launch, especially after holding a meeting with its bankers on Monday night. That meeting included details on timing, investor access, and offering plans.
SpaceX IPO Roadshow May Begin in Early June
According to our earlier report, SpaceX plans to begin its IPO roadshow during the week of June 8. During that process, company executives and bankers will present the offering to investors. The company is also expected to make its IPO prospectus public in late May.
Meanwhile, about 125 analysts from 21 banks are expected to meet with the company before the roadshow begins. Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs are leading the deal. Sixteen other banks are involved in smaller roles.
As we earlier reported, SpaceX is aiming to raise $75 billion in the offering. That would value the company at as much as $1.75 trillion. If completed at that level, it would rank among the largest IPOs on record.
Concurrently, Elon Musk’s SpaceX plans to host 1,500 retail investors at an event on June 11. The event would follow the roadshow launch. The company is also expected to offer access to retail investors in the US, UK, EU, Australia, Canada, Japan, and Korea.
Retail Investors May Get an Unusually Large Share Allocation
Ahead of the launch, SpaceX plans to reserve a large portion of shares for retail investors. Chief Financial Officer Bret Johnsen told bankers that retail would be “a critical part of this.” He also said it would be “a bigger part than any IPO in history.”
Johnsen said the decision reflects support from smaller investors over time. He said, “those are folks that have been incredibly supportive of us and of Elon.” According to reports, SpaceX wants to make sure that support is recognized in the offering structure.
The final size of the retail allocation has not been set yet. In earlier reports, Elon Musk had wanted to allocate up to 30% of shares to smaller investors. That is well above the 5% to 10% range seen in many IPOs.
This approach could make the deal stand out even more. It also fits with wider interest around SpaceX and Musk-led companies. Demand from retail traders may become one of the main themes of the offering once the roadshow begins.
ETF Filings Add to Market Attention Around SpaceX Listing
Interest in the IPO has also spread to the ETF market. Regulatory filings show that REX Shares and Tuttle Capital Management want to launch leveraged funds tied to SpaceX stock. Those products would begin only after SpaceX became publicly traded.
The filings describe a T-Rex 2x Long SpaceX Daily Target ETF. A similar fund is also planned for Anthropic. These products aim to deliver 200% of the daily move in the underlying stock after listing.
