Many investors are excited about the SpaceX IPO, but there seems to be some confusion about what happens after the IPO closes.
Let's break it down in simple terms.
The IPO subscription window has closed and allocation depends on your broker
The IPO application period has already ended.
- Listing Pricing Date: 11 June 2026
- Share Allotment and Confirmation: 12 June 2026
- Start of Trading (Listing Day): 12 June 2026
By the time trading begins, SpaceX has already raised its money from investors who were allocated shares during the IPO process.
What Does "Listing" Mean?
Listing simply means that SpaceX shares become available for trading on the stock exchange.
At this stage, SpaceX is no longer selling shares directly to investors. Instead, investors who received shares during the IPO can decide whether to keep them or sell them.
If you are buying on listing day, you are not buying shares from SpaceX. You are buying shares from another investor who was allocated shares during the IPO.
SpaceX has already received the IPO money. From listing day onwards, trading happens between investors in the market.
Why the Price May Not Be $135
Many people assume they will be able to buy SpaceX shares at the IPO price of $135.
That is not necessarily true.
The IPO price of $135 was mainly for investors who received allocations during the IPO process.
Once trading starts, the market takes over. Buyers and sellers determine the price based on supply and demand. The exchange first determines an opening price through order matching, after which normal trading begins It is set by opening auction
This means the share price can:
- Rise above $135
- Fall below $135
- Move significantly during the day
Why the Price Could Spike
Reports indicate that the IPO was heavily oversubscribed.
Oversubscription means more investors wanted shares than the number of shares available.
As a result, many investors who wanted SpaceX shares may not have received full allocation.
When trading begins, these investors may rush to buy shares in the secondary market.
If there are more buyers than sellers, the price can rise sharply.
This is why investors should not automatically expect to buy SpaceX at $135 on listing day.
A Simple Example
Imagine 1,000,000 SpaceX shares were applied for during the IPO, but only 300,000 shares were allotted.
The remaining demand for 700,000 shares may shift to the market when trading starts.
If only a small number of IPO investors are willing to sell their shares, demand could exceed supply and push the share price higher.
This is one reason why investors should not assume they will be able to buy SpaceX at the IPO price of $135 once trading begins.
How Kenyan Investors Can Buy SpaceX Shares
For most Kenyan investors, the easiest way to access SpaceX shares is through an international broker such as Interactive Brokers (IBKR).
Step 1: Open an IBKR Account
First, open and verify your IBKR account. This involves providing identification documents and completing the account approval process.
Watch Tutorials (Get Ready)
Step 2: Fund Your Account
Once approved, fund your account from your KSH or USD account by sending a wire transfer to the IBKR bank account shown in your portal.
You can then access U.S. listed stocks directly from the platform.
Step 3: Search for SpaceX
Once SpaceX begins trading, search for the ticker symbol on IBKR and view the live market price.
The price you see may be very different from the IPO price of $135.
Remember, the IPO price was for investors who received allocations during the IPO process. Once trading starts, the market determines the price.
Step 4: Place Your Buy Order
You can buy SpaceX shares the same way you buy any other U.S. stock.
Many investors prefer limit orders during volatile IPO listings due to price spikes.
What Happens After You Buy?
Once your order is executed, you become a shareholder of SpaceX.
Your shares will appear in your brokerage account, and you can:
- Hold them long term
- Buy more later
- Sell whenever you choose
Should You Rush to Buy on Day One?
Not necessarily.
IPOs can be highly volatile. Some rise strongly on day one, others spike then pull back.
Having a clear plan is more important than rushing in early.
If price moves far above your target, waiting can sometimes be a better strategy than chasing the market.
Listing day is not the IPO application period.
The IPO is where SpaceX raises money from investors. The listing is where investors trade shares among themselves.
If you plan to buy SpaceX, focus on the live market price rather than the IPO price of $135.
The market will decide price based on supply and demand, and high demand can create strong volatility on the first trading day.
Key takeaway: Buying on listing day means buying from another investor, not directly from SpaceX.
.png)
.png)
.png)
.png)
0 Comments