How to Buy SpaceX Stock in Canada After IPO?

SpaceX IPO: A massive opportunity for Canadian investors

The potential IPO of SpaceX has generated significant excitement among Canadian investors looking to gain exposure to one of the world’s most innovative private companies. As a leader in the commercial space industry—spanning satellite internet (Starlink), reusable rockets, and government contracts—SpaceX represents a rare chance to invest in a high-growth sector that has traditionally been inaccessible to public markets.

For Canadian investors, a SpaceX IPO could offer valuable diversification beyond traditional sectors like banking, energy, and mining that dominate the Canadian market. Adding a global technology and aerospace player like SpaceX may help balance portfolios with exposure to innovation-driven growth, especially for those investing through registered accounts such as TFSA or RRSP.

However, IPO investing also comes with volatility and uncertainty, particularly for a company with a potentially high valuation and limited public financial disclosures. Canadian investors should be prepared to evaluate the company’s fundamentals, market positioning, and long-term growth potential before investing—while also keeping an eye on currency considerations and access through their brokerage platform.

What is SpaceX?

SpaceX, officially known as Space Exploration Technologies Corp., is a private aerospace manufacturer and space transportation company founded in 2002 by Elon Musk. The company was created with the goal of reducing the cost of space travel and ultimately enabling human life on other planets.

SpaceX is best known for developing reusable rocket technology, including its Falcon 9 and Falcon Heavy launch vehicles, which have significantly lowered the cost of launching payloads into orbit. It also operates Starlink, a rapidly growing satellite internet network designed to provide high-speed internet access worldwide, including in remote areas of Canada.

Today, SpaceX works with organizations like NASA and serves both government and commercial clients, making it one of the most influential players in the global space industry.

SpaceX Stock Price: What Is SPCX Trading at Now?

SpaceX (NASDAQ: SPCX) went public on June 12, 2026 in the largest IPO in history, raising $75 billion at a valuation of approximately $1.75 trillion . The stock was priced at $135 per share at IPO and surged 19% on its first day of trading, closing at $160.95 .

The SpaceX stock price is closely tied to the growth and stability of its Starlink satellite internet business, which accounts for an increasing share of the company's overall revenue. For Canadian investors looking to track or invest in SPCX, shares now trade publicly on the Nasdaq, making direct ownership possible through any brokerage with access to U.S. exchanges.

SpaceX IPO date: When is SpaceX going public?

SpaceX is officially going public on June 12, 2026, trading on the Nasdaq stock exchange under the ticker symbol "SPCX." This has been confirmed through the company's SEC filing and multiple reports from Reuters, CNBC, and Yahoo Finance.

Here's the full timeline of how SpaceX's IPO unfolded:

According to Yahoo Finance, SpaceX plans to sell 555.6 million shares at $135 per share, aiming to raise approximately $75 billion — making it the largest IPO in history. This would give SpaceX a staggering valuation of up to $1.75 trillion.

The IPO will make Elon Musk the head of two separate trillion-dollar publicly traded companies (alongside Tesla), potentially pushing his personal net worth past $1 trillion.

Lead underwriters reportedly include Bank of America and Citigroup. Reuters was first to report in March that SpaceX was leaning toward listing on the Nasdaq, seeking early inclusion in the Nasdaq-100 index.

How to buy SpaceX stock in Canada (Step-by-Step)

Once the SpaceX IPO goes live, Canadian investors will finally have a seat at the table. Because SpaceX is expected to list on a major US exchange (like the Nasdaq or NYSE), you can buy shares just as easily as you would buy Tesla or Apple. Here is your guide on how to buy SpaceX stock in Canada.

Step 1: Open a Self-Directed Brokerage Account

Once the SpaceX IPO is completed, investors will be able to trade its stock like any other publicly listed company, but you’ll need a brokerage that provides robust access to the US markets. For Canadians, a self-directed account gives you the freedom to execute trades without paying high advisor fees.

As the No. 1 US stock trading platform for Canadians, moomoo is specifically designed to bridge the gap between Bay Street and Wall Street. By opening a moomoo account, you gain elite-level access to the US markets with professional-grade tools that were previously only available to institutional investors.

Step 2: Fund Your Account

Timing is everything during an IPO. You don’t want to be stuck waiting for a wire transfer while the stock price is climbing.

• Instant Funding: Use Interac e-Transfer for the fastest deposit experience in Canada.

• The Moomoo Advantage: Most Canadian banks charge a 1.5% to 2.5% markup on currency conversion. With moomoo’s $0 currency conversion, you can flip your CAD to USD at the mid-market rate, ensuring every dollar of your investment goes toward SpaceX shares rather than bank fees.

Step 3: Search for the Ticker

Once the IPO is official, you will be able to find the stock by searching for its ticker symbol (e.g., $SPX or $SPACE) in your trading app.

• 24/7 Monitoring: Keep the moomoo app open for 24-hour global news updates. We deliver real-time push notifications on SpaceX SEC filings and listing confirmations, so you’ll know the exact moment the ticker becomes tradable.

Step 4: Research SpaceX Stock

Before hitting the buy button, perform a "deep dive" into the company’s fundamentals.

• Professional Tools: To navigate a high-volatility IPO like SpaceX, you need more than just basic price quotes. Moomoo provides Canadian investors with free 60-level US Level 2 market data, showing the real-time bid-ask spread and deep market liquidity. This allows you to see exactly where the big institutional buy and sell orders are sitting, giving you a professional edge when timing your entry.

• AI Insights: Leverage moomoo’s AI-powered analysis to summarize earnings reports and Starlink growth projections. You can also compare Analyst Ratings from top Wall Street firms to see how the pros are valuing the "SpaceX + xAI" ecosystem.

Step 5: Place Your Order

When you are ready to buy, you have several ways to enter the market.

Advanced Order Types: Given the expected volatility of the SpaceX IPO, a simple "Market Order" might be risky. Use Advanced Orders like Limit Orders to set your maximum entry price, or Stop-Loss Orders to protect your downside once the position is open.

Trailing Stop Orders: Once you are in a profitable position, you can set a Trailing Stop. This order "follows" the stock price as it rises but automatically triggers a sell if the price drops by a certain percentage or dollar amount. It’s the perfect way to lock in gains while still allowing for "stratospheric" upside.

Can you buy SpaceX in an RRSP or TFSA?

For now, Canadian investors cannot hold SpaceX in a TFSA or RRSP because the company is not publicly traded. Only qualified investments—such as stocks listed on recognized exchanges like the TSX or NASDAQ—can be held in registered accounts, and SpaceX shares are not yet available on these markets.

If SpaceX goes public in the future, it could become eligible for inclusion in both TFSA and RRSP accounts, provided it lists on a recognized exchange. At that point, Canadian investors would be able to buy and hold SpaceX shares within these tax-advantaged accounts, allowing for potential tax-free growth in a TFSA or tax-deferred growth in an RRSP.

Benefits and risks of buying SpaceX stock

Investing in a company that aims to colonize Mars and dominate global satellite internet is inherently different from buying a traditional blue-chip stock. For Canadian investors, weighing the "moonshot" potential against the terrestrial risks is crucial before the IPO goes live.

The Benefits: Why the Hype is Real

• Unrivaled Market Monopoly: SpaceX currently dominates the global launch market. With the Starship program reaching operational maturity in 2026, the company’s ability to put massive payloads into orbit at a fraction of the cost of competitors like Blue Origin or Arianespace creates a massive "moat."

• The Starlink Cash Cow: Unlike many tech IPOs that go public while bleeding cash, SpaceX’s Starlink division has transitioned into a highly profitable global utility. By March 2026, Starlink’s expansion into aviation, maritime, and rural government contracts provides the steady recurring revenue investors crave.

• The "Elon Premium" and AI Synergy: The 2025 integration of xAI into the SpaceX ecosystem has positioned the company as a leader in "Space-based AI." Investors aren't just buying a rocket company; they are buying a data and intelligence infrastructure that spans the globe.

• Portfolio Diversification for Canadians: For investors whose portfolios are heavily weighted in Canadian banks or energy, SpaceX offers a unique opportunity to gain exposure to high-growth aerospace and frontier tech—sectors that are underrepresented on the TSX.

The Risks: Gravity Still Applies

• Extreme Volatility: SpaceX is a high-beta stock. Any setback in a major mission—such as a Starship launch failure or a regulatory hurdle from the FAA—can cause immediate and sharp swings in the share price.

• Regulatory & Political Sensitivity: As a major US defense contractor, SpaceX is subject to intense government oversight. Changes in US space policy or international tensions can impact its contract pipeline or Starlink’s ability to operate in certain jurisdictions.

• Execution Risk: Building a city on Mars is an expensive and unproven endeavor. While Starlink is profitable, the capital expenditure required for Musk’s long-term "Interplanetary" vision is astronomical and could dilute shareholder value over time.

• Concentration Risk: SpaceX is synonymous with Elon Musk. His "Key Person" risk is significant; any shift in his focus or personal controversies can directly impact investor sentiment and the stock’s valuation.

Is it worth investing in SpaceX?

SpaceX represents a compelling long-term opportunity, given its leadership in space technology, strong government partnerships, and high-growth businesses like Starlink. For Canadian investors seeking exposure to innovation and global tech trends, a future SpaceX IPO could be an attractive addition to a diversified portfolio.

That said, IPO investments often come with high valuations and short-term volatility. Investors should carefully assess their risk tolerance, investment horizon, and portfolio balance before buying—especially once SpaceX becomes publicly available.

Disclaimer: Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In Canada, investment products and services on Moomoo are offered by Moomoo Financial Canada Inc., Member of CIRO/CIPF.Investing in Initial Public Offerings (IPOs) involves significant risks and is not suitable for all investors. IPO shares can be highly volatile, may decline significantly in value shortly after the offering, and there is no guarantee that an active secondary market will develop. Investors should carefully read the Prospectus and related offering documents before making any investment decision. Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.