SpaceX Stock: Can Malaysian Investors Buy In Before the World's Biggest IPO?
The name SpaceX is once again on the lips of investors around the world, including here in Malaysia. Since late 2025, various international financial media outlets have reported that Elon Musk's rocket company is preparing for an Initial Public Offering (IPO) that could become the largest in stock market history.
But before you get excited and rush to search for "how to buy SpaceX stock", there is one important thing to understand first: as of this writing, SpaceX has NOT officially confirmed a date, price, or final decision to go public. Almost every figure circulating on social media comes from unofficial reports and market speculation.
This article explains what has actually been confirmed, what remains rumour, the reported valuation, and the most practical part for Malaysian investors, namely how you can access global stocks like SpaceX if and when it truly lists.
What Is Actually Happening With the SpaceX IPO?
Let us separate fact from speculation.
What has been reported (but not officially confirmed by SpaceX):
- In December 2025, financial news agencies reported that SpaceX was planning a 2026 IPO targeting a valuation of around US$1.5 trillion. According to a TechCrunch report citing Bloomberg, this information came from "unidentified sources" and there was no official statement from SpaceX or Elon Musk at the time.
- Later reports mentioned a possible confidential filing with US securities regulators and a targeted listing in mid-2026. Market analysis platforms such as Capital.com have been tracking these developments.
What remains unclear:
You may come across very specific figures on social media such as "ticker SPCX", "IPO price US$135", or "listing date 12 June 2026". Be careful with numbers like these. Most come from third-party websites, prediction blogs, and trading platforms trying to attract attention, not from an official prospectus. Until SpaceX releases an official registration document (S-1) to the public, all specific prices and dates should be treated as speculation, not fact.
A simple principle for investors: if a piece of IPO information does not come from an official prospectus or the company's own announcement, treat it as rumour until proven otherwise.
SpaceX Valuation: $1.5 Trillion, Or More?
One reason this IPO is drawing so much attention is its extraordinary valuation. But the reported figures actually vary depending on the source:
- The most frequently cited reports mention a target valuation of around US$1.5 trillion with roughly US$30 billion to be raised.
- Other reports cite higher numbers, from US$1.75 trillion up to nearly US$1.77 trillion, with the amount to be raised reaching US$50 billion or more.
To put the growth in perspective: in July 2025, SpaceX shares were sold at around US$212 each at a valuation of about US$400 billion. By the end of 2025, a tender offer for employees and shareholders reportedly valued the company at nearly US$800 billion, at around US$420 per share. If the IPO valuation truly reaches US$1.5 trillion, that would mean the company's value nearly doubled again in under a year.
What makes this IPO historic is that, if it happens at the reported scale, it would surpass Saudi Aramco's 2019 record (about US$29.4 billion) as the largest IPO ever conducted. That is why this news has received such widespread global coverage.
However, behind these eye-catching figures, investors should remember that such a high valuation also carries risk. At US$1.5 trillion and above, the company is valued at multiples far higher than most traditional companies, largely based on expectations of future growth rather than current profit.
Starlink: A Separate IPO, Or Part of SpaceX?
Many people are confused here, so let us clarify.
For years, Elon Musk had suggested that Starlink (SpaceX's satellite internet service) might one day list separately, while the main SpaceX body stayed private. He once said Starlink would only IPO "several years in the future" once its cash flow was stable and predictable.
That said, when reports about a "Starlink IPO" circulated in the past, Musk himself denied them, calling the reports "false".
The key thing to understand: the latest reporting points to an IPO of the parent company SpaceX as a whole, not a separate Starlink spin-off. Starlink still plays a major role in this valuation story because it contributes a large share of the company's revenue. According to data compiled by Sacra, Starlink is estimated to contribute more than half of SpaceX's total revenue, and by early 2026 the service had reportedly surpassed 10 million active customers across more than 160 countries and territories.
So if you come across "Starlink shares" being sold right now, be careful. Starlink is not yet a separately listed company, and any such "shares" are most likely synthetic products or scams.
Can Malaysian Investors Buy SpaceX Stock?
This is the real question many Malaysian investors are asking. The short answer: not directly right now, and even after the IPO, access works differently from buying shares on Bursa Malaysia.
Let us break down the reality:
1. Before the IPO (now): SpaceX is a private company. Its shares are not traded on the open market. Only employees, early (venture capital) investors, and select institutional investors can hold shares through private offerings. Ordinary retail investors, whether in the US or Malaysia, cannot legally buy SpaceX stock on the open market at this stage.
2. During the IPO: IPO share allocations are usually channelled through specific brokers in the US. Reports suggest the initial allocation may go through a few selected US brokers. For Malaysian investors, direct access to a first-day IPO allocation is typically limited and difficult.
3. After listing (secondary market): This is the most realistic opportunity for most Malaysian investors. Once SpaceX shares begin trading on a US exchange, you can buy them like any other US stock (for example Apple, Tesla, or Nvidia) through a platform that provides access to the US market.
How Malaysian Investors Can Access US and Global Stocks
To buy US stocks like SpaceX (after it lists), Malaysian investors need an account that provides access to overseas markets. Here are the main routes:
A CDS account and a local broker platform with global access. Malaysian investors can open an account that allows trading not only on Bursa Malaysia, but also on overseas markets such as the United States (US) and Hong Kong (HK). For example, the M+ Global platform provides access to three key markets - MY, US and HK within one app. This means that when SpaceX lists in the US, you have the chance to buy it directly from Malaysia without a complicated foreign broker.
Understand the reasons and risks of investing in foreign stocks first. Before jumping into US stocks, it is wise to understand why many investors choose global exposure and what the risks are. We have written about 7 reasons to invest in US (foreign) stocks to help you weigh this decision more carefully.
Consider indirect exposure through ETFs or index funds. If you do not want to buy a single high-risk individual stock, you can gain exposure to large technology companies through index funds or ETFs that track indices like the Nasdaq 100. This approach spreads your risk across many companies rather than relying on a single stock.
Warnings and Risks: Do Not Fall for the Hype
Big IPO news like this often becomes bait for scams and high-risk investments. Here is what you should watch out for:
"Tokenized" products or synthetic shares. Some crypto platforms offer "tokenized SpaceX shares" that supposedly track the SpaceX price. These products are not actual share ownership, but rather synthetic contracts that track the price. The risks are different and they are often not protected like real shares.
Suspicious "pre-IPO" offers. Anyone offering to sell "SpaceX shares before the IPO" to Malaysian retail investors should be viewed with suspicion. Genuine pre-IPO access is very limited and is not sold openly to the public. If you receive such an offer through WhatsApp, Telegram, or social media, it is most likely a scam.
Valuation and lock-up risk. Even if SpaceX truly lists, a high IPO price does not guarantee profit. Many IPO stocks experience sharp swings after listing, especially when the lock-up period ends and early shareholders start selling. We explain this phenomenon in our article on cornerstone investors and the lock-up period.
Remember: this is still speculation. The SpaceX IPO could be delayed, changed, or cancelled. Do not make major financial decisions based on dates or prices that have not been confirmed.
What Malaysian Investors Should Monitor Now
Rather than rushing, it is better to focus on a few signals that truly matter before making any decision:
The official S-1 filing. This is the real confirmation. When SpaceX files an official registration document with US securities regulators and it becomes available to the public, only then can the price figures, share count, and actual structure be trusted. Before that, everything is just reporting.
The official price range and listing date. After the S-1, a company usually announces an indicative price range and a listing timeframe. This is the point at which you can start planning seriously.
Current technology stock market performance. A stock like SpaceX will be influenced by overall US tech market sentiment. If you understand the cycles and risks of the US stock market, you will be better prepared to assess whether the IPO price is worth it or overvalued.
Your account readiness. Make sure your investment account with US market access is already active and funded. Opening an account and verification can take time, so it is better to be ready early than to miss out on listing day.
By monitoring these things, you will be able to act based on facts, not emotion or social media hype.
Frequently Asked Questions (FAQ)
1. When is the actual SpaceX IPO date?
Not officially confirmed. Media reports mention a possible mid-2026 listing, but SpaceX itself has not issued a final date. Treat all specific dates as speculation until there is an official announcement.
2. What is the SpaceX share price during the IPO?
There is no official price so far. Figures like "US$135 per share" circulating online are third-party estimates, not from an official prospectus. The real price will only be known when SpaceX releases its official registration document.
3. Can I buy SpaceX stock now in Malaysia?
No. SpaceX is still a private company and its shares are not traded openly. You will only have the chance to buy them after it truly lists on a US exchange.
4. Will SpaceX list on Bursa Malaysia?
No. SpaceX is expected to list on the US market, not on Bursa Malaysia. To buy it, you need an account with access to the US market.
5. What is the difference between a Starlink IPO and a SpaceX IPO?
The latest reporting points to an IPO of SpaceX (the parent company) as a whole, not a separate Starlink IPO. Starlink is a business unit within SpaceX, not a separately listed company at this time.
6. Are the "Starlink shares" being sold now legitimate?
Be careful. Starlink is not yet a separately listed company. Any "Starlink shares" offered to the public are likely synthetic products or scams.
7. What is the safest way to get exposure to a company like SpaceX?
For most retail investors, the most practical way is to wait for the company to truly list, then buy it through a legitimate broker platform, or gain indirect exposure through a diversified technology ETF.
8. Does a US$1.5 trillion valuation mean this stock is guaranteed to rise?
Not necessarily. A high valuation reflects market expectations, not a guarantee. Stocks with high valuations can also fall sharply if the company's performance does not meet expectations.
Conclusion
The SpaceX IPO has the potential to be one of the biggest market events in history, but so far it remains more rumour than confirmed fact. The reported valuation, date, and price are all subject to change, and SpaceX has not released an official document to the public. As a smart investor, the best attitude is to follow developments calmly, not fall for the hype, and avoid any suspicious "pre-IPO" offers.
What is more practical now is to be prepared, so that when a real opportunity arrives, you already have the access and knowledge to act with confidence.
If you want to be ready to invest in foreign stocks like SpaceX when it lists, the first step is making sure you have an account that provides access to global markets.
You can open a CDS account that allows you to invest not only on Bursa Malaysia, but also on overseas markets such as the United States and Hong Kong, all within one platform.
For investors just starting out, get the free Stock Market Basics Ebook to understand the fundamentals of investing before you step into bigger markets.