Applications open
SpaceX plans to list on NASDAQ, and its Share Offer is open to UK retail investors. You can now apply through CMC Invest.
Share prices may go down, you may get back less than you put in.
SpaceX IPO applications close 10 June
Day left
Apply for SpaceX shares with CMC Invest
Apply for SpaceX shares in a few simple steps. There’s no cost to apply for shares.
Download the CMC Invest app. Available on iOS and Android.
Complete onboarding, choose the accounts you want, and add cash.
On the CMC Invest home screen, tap SpaceX “Apply here” to start your application.
Share prices may go down, you may get back less than you put in.
Key information about the SpaceX retail offer
UK investors
The IPO share offering is open to UK investors who are located and tax resident in the United Kingdom (excluding the Channel Islands and the Isle of Man).
Minimum amount
You can fund the minimum amount in your stocks & shares ISA, SIPP, GIA or all three accounts for your application. Choose how much you want to apply for in each account.
Only one application
You can only submit one application for this offer across all UK intermediaries. It’s your responsibility to ensure that you haven’t made multiple applications.
Apply in any account
To participate in the share offer, there’s a minimum application requirement of £500 (or $500) that must be funded into the accounts of your choice. There’s no limit to how much you can fund, but this is subject to the tax wrapper allowance.
Deadline to apply is Wednesday 10 June. Expected allocation on Friday 12 June.
Key documents
Further information related to the SpaceX offer.
Frequently asked questions
What is the SpaceX IPO?
Founded in 2002, SpaceX is the only company building the integrated hardware and software infrastructure of the future across space, connectivity, and AI. They design, manufacture, launch, and operate products and services built on cutting-edge technologies, including the world’s most advanced rockets and spacecraft.
SpaceX combines the most transformative and critical technologies in human history, including reusable rockets, a fully global internet service, satellite-to-mobile communications, a real-time information, entertainment and free speech platform, and a truth-seeking AI system designed to accelerate scientific discovery and augment human capabilities.
Key information
SpaceX, a Texas corporation, has filed a Registration Statement on Form S-1 with the United States Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of shares of its Class A common stock (the Shares).
This means SpaceX is taking steps to sell Shares to members of the public for the first time. The Company is offering 555,555,555 Shares in the IPO. There is currently no public market for the Shares, which means they cannot yet be traded on any stock exchange.
In connection with the IPO, SpaceX has applied to list Shares on Nasdaq and Nasdaq Texas under the symbol SPCX. Once the Shares are listed and commence trading, investors will be able to buy and sell their Shares on the Nasdaq and Nasdaq Texas stock markets.
The Company expects the price per Share in the IPO will be $135.00 per Share and expects to receive approximately $74.4 billion in net proceeds from the IPO. It could be $87.5 billion if the underwriters exercise in full their option to purchase additional Shares as described in the section on The Offering in Part B below.
This is based upon an expected price of $135.00 per share, after deducting certain amounts. Please note that the anticipated price and offer size are subject to change, and that the final price per Share and final offer size may be above, below or equal to the expected price and offer sizes, including any such price or size as revised.
Following the completion of the IPO, SpaceX will have two classes of common stock outstanding: the Shares and Class B common stock. Each Share will entitle its holder to one vote per share. Each share of Class B common stock will entitle its holder to 10 votes per share.
Class A shareholders and Class B shareholders will vote together as a single class on all matters to be voted on by shareholders, except Class B shareholders will be entitled to elect a majority of SpaceX’s board of directors in addition to having certain other class votes as described in “Description of Share Capital” elsewhere in this Disclosure Summary.
As part of the IPO, Shares are being offered to retail investors in certain jurisdictions outside the United States including the UK (Retail Offer). No prospectus is required to be prepared or published in the UK in respect of the Retail Offer, which benefits from an exception under the Public Offers and Admissions to Trading Regulations 2024.
In addition, it is important to note that the Shares will only be listed and traded in USD on the Nasdaq and Nasdaq Texas stock markets and will not be listed on any UK or other overseas stock exchange.
The process and the terms on which you can apply to buy Shares is set out in Part D.
For more information, please read the Disclosure Summary.
When will more information be available?
We’ll share more details as they become available. Keep an eye on the CMC Invest website for the latest updates, or open a CMC Invest account to receive notifications.
How can eligible investors apply through CMC Invest?
If the proposed IPO becomes available through CMC Invest, eligible retail investors will be able to apply through their CMC Invest account. Investors will be guided through the process in-app, where they can review the offer details, choose how much they want to apply for, and submit an application in line with the IPO terms and timetable.
What should investors do before applying?
Before starting an application, investors should choose a plan that includes the account or accounts they want to use, open those accounts, and add cash.
Which accounts can be used to apply, and what do they cost?
Eligible investors can apply through a CMC Invest General Investment Account, stocks and shares ISA, and/or self-invested personal pension, depending on their plan:
- Core plan: includes a General Investment Account (GIA) for £0 per month. Standard charges apply.
- Plus plan: includes everything in Core, plus access to a stocks and shares ISA for £6.99 per month.
- Premium plan: includes everything in Plus, plus access to a self-invested personal pension (SIPP) for £10.99 per month.
Investors should make sure they have selected the right plan and funded the account or accounts they want to use before applying.
Who is eligible to apply?
Investors must be located in the United Kingdom and be UK tax residents. If and when the Offer opens, applications may be made through a CMC Invest stocks and shares ISA, SIPP and/or GIA.
Marex Financial is authorised by the FCA and is acting as POP Operator for the UK Retail Offer. Retail Investors in the UK may only apply through one of the appointed Retail Intermediaries. Each Intermediary will collate the demand from their clients and submit the order to Marex Financial. Following close of the Retail Offer, the Company will determine the allocation policy which will be applied by Marex Financial. Each Intermediary will notify clients of their allocation. The same allocation policy will apply to all retail investors.
Declaration
By submitting an application to CMC Markets Investments Ltd to apply on my behalf for shares in the Company in the Share Offer, I confirm that:
(a) I have read and understood the Price Range Prospectus published by the Company and the Disclosure Summary published by Marex Financial and any supplement to such documents;
(b) I have not relied on any information other than documents referred to in (a) in connection with the Share Offer; and
(c) if applying in GB Pounds I acknowledge that the Shares will be issued and traded in US Dollars, and therefore when the GB Pounds are converted to US Dollars, I may be exposed to FX risk as set out in the Disclosure Summary.
To my knowledge and belief this is the only application being made in the Company’s Share Offer by me or for my benefit (or that of any person for whose benefit I am applying).
I confirm that I am tax resident and located in the United Kingdom and I am not physically present in the United States or any other jurisdiction outside of the United Kingdom.
THIS IS AN ADVERTISEMENT AND NOT AN OFFER OF SHARES. IT IS DIRECTED ONLY AT PERSONS TAX RESIDENT AND LOCATED IN THE UK AND IS NOT FOR DISTRIBUTION IN THE US. Share prices may go down, you may get back less than you put in.
Read the U.S. prospectus (the “U.S. Prospectus”) and the disclosure summary (the “Disclosure Summary”) before investing. These are available at www.cmcinvest.com. The offer of shares is made through Marex Financial’s public offer platform.
A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Copies of the U.S. Prospectus, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.
Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed on the adequacy or accuracy of the U.S. Prospectus. Any representation to the contrary is a criminal offense.
Whilst the U.S. Prospectus is referred to as a ‘prospectus’, neither the U.S. Prospectus nor the Disclosure Summary is a prospectus for the purposes of The Public Offers and Admissions to Trading Regulations 2024 (the “POATRs”) or the UK Financial Conduct Authority (“FCA”) Handbook Admission to Trading on a Regulated Market Sourcebook (the “PRM Sourcebook”). Neither the U.S. Prospectus nor the Disclosure Summary has been approved by the FCA and the U.S. Prospectus and the Disclosure Summary may not contain the same information as would be included in a prospectus for the purposes of the POATRs or the PRM Sourcebook.
The securities of the Company will not be admitted to listing to the Official List of the FCA or admitted to trading on a regulated market or primary MTF (as such terms are defined in the POATRs) in the United Kingdom.
You should read the U.S. Prospectus and the Disclosure Summary before deciding to participate in the offer in order to fully understand the potential risks and rewards before investing. If you are in any doubt about investing, contact an independent financial adviser.
This advertisement is prepared by and is the sole responsibility of CMC Markets Investments Ltd, a firm authorised and regulated by the Financial Conduct Authority.
No offer or invitation to purchase securities in any jurisdiction is being made by the Company and, to the fullest extent permitted by law, each of the Company and its directors, employees, agents and affiliates disclaim any liability or responsibility to actual or potential investors who invest in securities of the Company pursuant to the offer by Marex Financial made through its public offer platform.
By accessing this website, you warrant that you are tax resident and located in the United Kingdom and you are not physically present in the United States or any other jurisdiction outside of the United Kingdom, and you agree that you will not transmit or otherwise send any of the information to persons outside the United Kingdom.
Gateway disclaimer
The information to which this gateway gives access is only directed at, and for viewing by, persons tax resident and located in the United Kingdom.
The information does not constitute an offer, or invitation to purchase, securities of the Company in the United States, or in any jurisdiction other than the United Kingdom, and must not be transmitted to any person in those jurisdictions or any other territory where to do so would breach applicable laws or regulations or require registration or any other measures.
A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Copies of the U.S. prospectus (the “U.S. Prospectus”), when available, may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov.
Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed on the adequacy or accuracy of the U.S. Prospectus. Any representation to the contrary is a criminal offense.
Whilst the U.S. Prospectus is referred to as a 'prospectus', neither the U.S. Prospectus nor the disclosure summary (the “Disclosure Summary”) is a prospectus for the purposes of The Public Offers and Admissions to Trading Regulations 2024 (the “POATRs”) or the UK Financial Conduct Authority (“FCA”) Handbook Admission to Trading on a Regulated Market Sourcebook (the “PRM Sourcebook”). Neither the U.S. Prospectus nor the Disclosure Summary has been approved by the FCA and the U.S. Prospectus and the Disclosure Summary may not contain the same information as would be included in a prospectus for the purposes of the POATRs or the PRM Sourcebook.
The securities of the Company will not be admitted to listing to the Official List of the FCA or admitted to trading on a regulated market or primary MTF (as such terms are defined in the POATRs) in the United Kingdom.
By clicking the "I accept" button below, you warrant that you are tax resident and located in the United Kingdom and you are not physically present in the United States or any other jurisdiction outside of the United Kingdom, and you agree that you will not transmit or otherwise send any of the information to persons outside the United Kingdom.
No offer or invitation to purchase securities in any jurisdiction is being made by the Company and, to the fullest extent permitted by law, each of the Company and its directors, employees, agents, and affiliates disclaim any liability to actual or potential investors.
Marex Financial disclaims any liability to actual or potential investors save in respect of content generated or approved as a financial promotion by Marex Financial.
This website has been prepared by and is the sole responsibility of CMC Markets Investment Ltd.
By clicking the “I accept” button below, you will be taken through to our designated Share Offer page.
