SpaceX IPO Expected to Launch on Nasdaq June 12
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2026
0mins
Source: Fool
- IPO Pricing Set: SpaceX is expected to list on Nasdaq with an IPO price of $135, positioning it as the largest IPO ever attempted, which could significantly attract investor interest and enhance the company's overall market valuation.
- Retail Channel Expansion: Elon Musk's company has selected retail brokerages like Robinhood as channels for selling shares, allowing users to submit purchase interest through the IPO Access feature, a strategy aimed at increasing retail investor engagement and boosting activity on the Robinhood platform.
- Customer Growth Metrics: As of Q1 2026, Robinhood reported 27.4 million funded customers, a 6% increase year-over-year, with net deposits around $18 billion and total platform assets reaching $307 billion, indicating success in attracting new clients and increasing capital inflows.
- Profitability Challenges: Despite progress in new products and deposits, Robinhood's profitability remains heavily reliant on customer trading activity, with Q1 revenue growing 15% to $1.07 billion, but a 47% drop in cryptocurrency revenue highlights the impact of market volatility on its earnings potential.
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Analyst Views on HOOD
Wall Street analysts forecast HOOD stock price to rise
20 Analyst Rating
16 Buy
4 Hold
0 Sell
Strong Buy
Current: 101.830
Low
130.00
Averages
156.24
High
181.00
Current: 101.830
Low
130.00
Averages
156.24
High
181.00
About HOOD
Robinhood Markets, Inc. is focused on providing financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to investors. Its offerings include Brokerage, Robinhood Crypto, Custody, Robinhood Wallet, Robinhood Gold, and Robinhood Gold Card. Brokerage services include investing, options trading, fractional trading, recurring investment, access to investing on margin, fully paid securities lending, cash sweep, instant withdrawals, Robinhood retirement, 24-hour market, joint investing accounts, and event contracts. It also offers a variety of ways for its customers to grow their financial knowledge, including Robinhood Learn, In-App Education, Newsfeeds, Sherwood Snacks, and Crypto Learn and Earn. It also operates regulated crypto platforms including Bitbuy and Coinsquare. Its self-clearing system, order routing system, data platform, and other back-end infrastructure allow its customers to focus on investing, saving and spending.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Robinhood Poised for Over 20% Annual Asset Growth Over Next Decade
- Asset Growth Potential: Analysts predict that Robinhood is set to compound assets at over 20% annually over the next decade, driven by demographic shifts, product expansion, and international growth, indicating strong growth potential in the fintech sector.
- Increased Market Attention: BTIG initiated coverage of Robinhood with a 'Buy' rating and a price target of $125 last week, suggesting nearly 27% upside from its last close, reflecting optimistic market expectations for its future performance.
- Strong Trading Activity: Robinhood's trading activity was robust in June, with equity volume reaching $343 billion and options contracts traded at 274 million, indicating that key performance indicators are tracking ahead of market expectations, further solidifying its market position.
- Product Expansion and Fundraising: The company recently closed $2.2 billion in private fundraising to support future growth initiatives and potential acquisitions, while enhancing its product suite with AI-driven trading tools and tokenized asset infrastructure, thereby increasing its competitive edge.
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- Policy Support Signal: Cathie Wood's backing of the CLARITY Act aims to provide regulatory certainty for companies like Coinbase, potentially attracting more institutional investors into the market and fostering long-term growth for cryptocurrencies.
- Chinese Tech Stock Reduction: While increasing crypto stock holdings, ARK also reduced its positions in Alibaba and Baidu, reflecting a cautious stance on Chinese tech stocks that may lead to short-term market volatility for these companies.
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SpaceX's Record IPO Raises Concerns for Future Performance
- Record IPO Financing: SpaceX's recent IPO raised $85.7 billion, setting a new record, yet market expectations for its future performance remain cautious, indicating potential stock price volatility ahead.
- Historical Performance Comparison: Analyzing past major IPOs reveals that most underperform in their first year; however, SpaceX's current valuation of $2.2 trillion suggests that future growth expectations are already priced in.
- Shareholder Dilution Risk: The IPO only sold about 4% of SpaceX's shares, and with early investors' shares unlocking over the next year, the available shares in the market will significantly increase, potentially exerting downward pressure on the stock price.
- Changing Market Environment: The abundance of private capital means companies often go public at a more mature stage, leading to diminished growth expectations post-IPO, a trend reflected in SpaceX's situation where future growth may already be fully priced in.
See More
SpaceX's Record IPO Raises $85.7 Billion, Implications for Investors
- Record IPO Size: SpaceX's IPO raised $85.7 billion, setting a new record, yet the company sold only about 4% of its equity to public investors, indicating that most gains will be captured by private investors, potentially limiting returns for public shareholders.
- Market Performance Expectations: Historical data suggests that while large IPOs often pop on the first day, they tend to underperform in the following six months to a year, with an average return of -9%, indicating that investors may face downward price pressure, especially after insider shares are unlocked.
- Valuation and Growth Potential: With a current valuation of $2.2 trillion, SpaceX has already baked in significant revenue growth, and although the company is expected to deliver strong double-digit growth, it will take time to justify its high valuation, necessitating careful risk assessment by investors.
- Dilution Risk: As shares held by insiders and early investors will be unlocked over the next year, the number of shares available for sale is expected to increase significantly, which could exert downward pressure on the stock price, prompting investors to consider this potential negative impact before purchasing.
See More
Analysis of SpaceX IPO First Day Trading Performance
- First Day Trading: SpaceX opened to the public on June 12 at $150 per share, closing near $161, with significant price fluctuations indicating strong market demand and resulting in varied returns for investors.
- Return Analysis: An investment of $5,000 at $150 would yield approximately 33 shares, valued at $5,107 based on the June 26 closing price of $153.23, suggesting a slight profit potential for early investors.
- Impact of Purchase Price: Investors buying at $161 would see their 31 shares drop to a value of $4,750, while those purchasing at $176 would face a further decline to $4,351, highlighting the risks associated with higher entry prices.
- Long-Term Outlook: Despite many investors facing losses or minimal gains in the short term, SpaceX has not traded for a full month yet, and its long-term potential remains to be seen, urging investors to focus on future growth opportunities amid market volatility.
See More
Analysis of SpaceX IPO Trading Performance
- IPO Opening Performance: SpaceX began trading on June 12 at $150 per share, closing near $161, although investors faced difficulties in filling their orders, leading to significant variations in actual returns.
- Investment Return Scenarios: Investors who purchased $5,000 worth of shares at $150 could acquire about 33 shares, which would be worth $5,107 based on the June 26 closing price of $153.23, indicating a slight profit.
- Impact of Price Volatility: Due to the stock's price fluctuations on the first day, investors buying at $160 and $176 would see their investments valued at $4,750 and $4,351 respectively, highlighting market uncertainty.
- Long-Term Potential Outlook: While many investors are facing losses or minimal gains in the short term, the long-term growth potential of SpaceX remains in flux, necessitating attention to its future capital-intensive operations and plans for building AI infrastructure in space.
See More
Robinhood Poised for Over 20% Annual Asset Growth Over Next Decade
- Asset Growth Potential: Analysts predict that Robinhood is set to compound assets at over 20% annually over the next decade, driven by demographic shifts, product expansion, and international growth, indicating strong growth potential in the fintech sector.
- Increased Market Attention: BTIG initiated coverage of Robinhood with a 'Buy' rating and a price target of $125 last week, suggesting nearly 27% upside from its last close, reflecting optimistic market expectations for its future performance.
- Strong Trading Activity: Robinhood's trading activity was robust in June, with equity volume reaching $343 billion and options contracts traded at 274 million, indicating that key performance indicators are tracking ahead of market expectations, further solidifying its market position.
- Product Expansion and Fundraising: The company recently closed $2.2 billion in private fundraising to support future growth initiatives and potential acquisitions, while enhancing its product suite with AI-driven trading tools and tokenized asset infrastructure, thereby increasing its competitive edge.
See More
ARK Invest Increases Holdings in Crypto Stocks
- Crypto Stock Accumulation: ARK Invest has increased its holdings in Coinbase, Circle, and Bullish by 37,153, 66,754, and 122,108 shares respectively across its flagship ETFs, indicating strong confidence in the crypto market and likely enhancing these companies' market performance.
- Policy Support Signal: Cathie Wood's backing of the CLARITY Act aims to provide regulatory certainty for companies like Coinbase, potentially attracting more institutional investors into the market and fostering long-term growth for cryptocurrencies.
- Chinese Tech Stock Reduction: While increasing crypto stock holdings, ARK also reduced its positions in Alibaba and Baidu, reflecting a cautious stance on Chinese tech stocks that may lead to short-term market volatility for these companies.
- AI Investment Expansion: On the same trading day, ARK also added several AI-related companies, including Palantir and Amazon, demonstrating a diversified investment strategy in emerging technologies aimed at capturing future growth opportunities.
See More
SpaceX's Record IPO Raises Concerns for Future Performance
- Record IPO Financing: SpaceX's recent IPO raised $85.7 billion, setting a new record, yet market expectations for its future performance remain cautious, indicating potential stock price volatility ahead.
- Historical Performance Comparison: Analyzing past major IPOs reveals that most underperform in their first year; however, SpaceX's current valuation of $2.2 trillion suggests that future growth expectations are already priced in.
- Shareholder Dilution Risk: The IPO only sold about 4% of SpaceX's shares, and with early investors' shares unlocking over the next year, the available shares in the market will significantly increase, potentially exerting downward pressure on the stock price.
- Changing Market Environment: The abundance of private capital means companies often go public at a more mature stage, leading to diminished growth expectations post-IPO, a trend reflected in SpaceX's situation where future growth may already be fully priced in.
See More
SpaceX's Record IPO Raises $85.7 Billion, Implications for Investors
- Record IPO Size: SpaceX's IPO raised $85.7 billion, setting a new record, yet the company sold only about 4% of its equity to public investors, indicating that most gains will be captured by private investors, potentially limiting returns for public shareholders.
- Market Performance Expectations: Historical data suggests that while large IPOs often pop on the first day, they tend to underperform in the following six months to a year, with an average return of -9%, indicating that investors may face downward price pressure, especially after insider shares are unlocked.
- Valuation and Growth Potential: With a current valuation of $2.2 trillion, SpaceX has already baked in significant revenue growth, and although the company is expected to deliver strong double-digit growth, it will take time to justify its high valuation, necessitating careful risk assessment by investors.
- Dilution Risk: As shares held by insiders and early investors will be unlocked over the next year, the number of shares available for sale is expected to increase significantly, which could exert downward pressure on the stock price, prompting investors to consider this potential negative impact before purchasing.
See More
Analysis of SpaceX IPO First Day Trading Performance
- First Day Trading: SpaceX opened to the public on June 12 at $150 per share, closing near $161, with significant price fluctuations indicating strong market demand and resulting in varied returns for investors.
- Return Analysis: An investment of $5,000 at $150 would yield approximately 33 shares, valued at $5,107 based on the June 26 closing price of $153.23, suggesting a slight profit potential for early investors.
- Impact of Purchase Price: Investors buying at $161 would see their 31 shares drop to a value of $4,750, while those purchasing at $176 would face a further decline to $4,351, highlighting the risks associated with higher entry prices.
- Long-Term Outlook: Despite many investors facing losses or minimal gains in the short term, SpaceX has not traded for a full month yet, and its long-term potential remains to be seen, urging investors to focus on future growth opportunities amid market volatility.
See More
Analysis of SpaceX IPO Trading Performance
- IPO Opening Performance: SpaceX began trading on June 12 at $150 per share, closing near $161, although investors faced difficulties in filling their orders, leading to significant variations in actual returns.
- Investment Return Scenarios: Investors who purchased $5,000 worth of shares at $150 could acquire about 33 shares, which would be worth $5,107 based on the June 26 closing price of $153.23, indicating a slight profit.
- Impact of Price Volatility: Due to the stock's price fluctuations on the first day, investors buying at $160 and $176 would see their investments valued at $4,750 and $4,351 respectively, highlighting market uncertainty.
- Long-Term Potential Outlook: While many investors are facing losses or minimal gains in the short term, the long-term growth potential of SpaceX remains in flux, necessitating attention to its future capital-intensive operations and plans for building AI infrastructure in space.
See More
