If reports are accurate, SpaceX will price its monster IPO the night of June 11th, with trading beginning as early as Friday, June 12th.

Elon Musk’s rocket and satellite company is reportedly planning to sell 555.6 million shares at $135 apiece, with the aim of raising $75 ​billion, making it the largest IPO in history, giving SpaceX a whopping $1.75 trillion valuation, if all goes as planned.

The upcoming SpaceX IPO will include a potentially massive 30% retail allocation, with underwriters of major trading platforms providing retail investors with allocations post-IPO.

But for investors looking to get in on the action sooner - there are options. Just know there are risks, trade-offs, and heavy fees.

The most direct route to SpaceX stock before an IPO is through a private secondary market. These are transactions in which existing shareholders — employees, early investors, or former contractors — sell their vested stock to new buyers. SpaceX does not issue new shares in these deals; investors buy from existing shareholders.

It’s been quite a popular option in recent months.

“SpaceX is consistently one of the most actively traded names on our platform because there's nothing else like it in the private markets today,” Greg Martin of Rainmaker Securities, which specializes in the secondary markets, told Yahoo Finance. “You've got a highly defensible, massive operating scale business, a multitude of major TAM [total addressable market] expansion opportunities, with a continuously evolving story.”

Added Martin, “Demand has also almost always outpaced supply, and that's been true even during periods where broader secondary market activity has been more muted."

Shares purchased on secondary markets are typically subject to a lock-up period after an IPO — usually 90 to 180 days — during which you cannot sell. This is a standard limitation designed to prevent a flood of supply hitting the market immediately after listing.

Once the lock-up expires, shares convert to tradeable stock on whatever exchange SpaceX lists on (with Nasdaq the frontrunner), and owners can sell, hold, or transfer them like any other public company share.

To participate in private markets, individuals must qualify as an accredited investor — meaning an individual income above $200,000 per year (or $300,000 combined with a spouse) for at least two consecutive years, or a net worth exceeding $1 million excluding a primary residence. Investment minimums are steep: most platforms require at least $50,000 to $100,000 per transaction.

Aside from Rainmaker, other secondary platforms of note are EquityZen, Forge Global, and Hiive.

Hiive is a newer entrant with real-time pricing data. As of April 2026, Hiive lists SpaceX shares at around $832 per share.

Even Nasdaq, which will list SpaceX stock once it goes public, as its Private Market offering. Nasdaq says it primarily serves institutional and high-net-worth investors, and tends to facilitate larger block transactions direct from insiders and funds.

Other ways to “buy” SpaceX ahead of the IPO are structured through Special Purpose Vehicles (SPVs) or funds, rather than as direct share ownership.

In these cases, you hold an interest in a fund that owns the shares — not the shares themselves. Post-IPO mechanics can differ slightly, as some will give some stock to its investors, or most likely a cash payout.

One investor tells Yahoo Finance he invested in an SPV that provides exposure to a mix of both SpaceX common and preferred stock through a venture capital fund for accredited investors. While he was able to invest early on SpaceX shares, he notes “fees are heavy.”

“An investor must be careful to avoid a situation where the combination of fees and a small percentage holding makes the investment unattractive,” said Professor Jay Ritter of the University of Florida, and director of the IPO Initiative, to Yahoo Finance.

A more simple method to get exposure to SpaceX (and one that offers more liquidity) is several publicly available ETFs and mutual funds. The Fidelity Contrafund is one of the granddaddies of growth investing, managed by Willian Danoff since 1990 and having huge hits with investments in Meta, Nvidia, Amazon, and Microsoft, among other large-cap growth companies.

“We like SpaceX, in part, for its Starlink business focusing on low-earth-orbit satellites, which has created a web of broadband internet access to previously underserved communities in rural and remote areas,” the fund wrote in its 2025 end of year review.

Contrafund’s position in SpaceX is valued around $3.5 billion, or just over 2% of the fund’s $170 billion in assets.

ERShares Entrepreneur 30 ETF (XOVR) holds approximately $205 million of SpaceX exposure through a special purpose vehicle, making it an ETF with a stake in the company, though the ETF does not provide direct ownership of SpaceX stock.

Baron Partners Fund (BPTRX): A mutual fund with roughly 33% of its portfolio in SpaceX (it’s largest position), one of the heaviest weightings of any publicly accessible fund. Founder Ron Baron is a noted fan of Elon Musk and early backer, so the fund’s high ownership of SpaceX is not a surprise, ahead of Tesla at 20.4%.

ARK Venture Fund is managed by noted tech investor Cathie Wood of ARK Invest, with the fund targeting private market disruptors. SpaceX is its largest holding at around 17% weighting. Note the ARK Venture fund is a closed-end mutual fund, and totally separate from the ARK Innovation ETF that boomed during Tesla’s big run, but cooled off recently.

For broader space sector exposure without direct SpaceX stakes, funds like the ARK Space Exploration ETF (ARKX) and the Procure Space ETF (UFO) track companies across launch, satellite, and defense — sectors that stand to benefit if SpaceX's growth continues, and rerates the entire sector.

With SpaceX reportedly filing for an IPO targeting a $1.5 trillion to eye-popping $2 trillion valuation, the window for pre-public entry is narrowing.

Another option to keep in mind is timing - and whether it even makes sense to invest in SpaceX now.

“Investors make money by buying low and selling high. The price today is no longer low,” Professor Ritter said.

“SpaceX might be a great company, but a great company is not the same thing as a great stock.”

Pras Subramanian is Lead Transportation Reporter for Yahoo Finance. You can follow him on X and on Instagram.

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