SpaceX IPO: Tradable on the Deutsche Börse Immediately Upon U.S. Launch

When SpaceX goes public on the New York Stock Exchange (Nasdaq) on Friday, June 12, 2026, you’ll also be able to trade the stock on the Frankfurt Stock Exchange at the same time. This is made possible by the stock being listed for trading on the same day.
 

June 10, 2026. FRANKFURT (Deutsche Börse). With the planned initial public offering of the U.S. aerospace and satellite company SpaceX (<US84615Q1031>), one of the largest IPOs in stock market history is on the horizon.

The offering price for the Elon Musk-led company SpaceX is scheduled to be set on Thursday, June 11, 2026. The market debut on the Nasdaq is scheduled for Friday, June 12, 2026, starting at 9:30 a.m. local time. That would correspond to 3:30 p.m. in Germany. The ticker symbol will be “SPCX.”

Trading may take longer to begin

Before trading begins, the Nasdaq must list the shares. Only then can the first price be set. This requires that the IPO proceeds as planned, the offering price is determined, and an initial price is actually established in the U.S.

In the past, this has taken significantly longer on U.S. stock exchanges than in Germany. A different pricing procedure is used for IPOs there. For the Chinese internet company Alibaba, it took more than two hours to determine the initial price. Facebook’s IPO was also turbulent, and for Snap in 2017, it took about an hour. On the Deutsche Börse, the initial price is usually determined much more quickly.

Quick trading on Deutsche Börse Xetra and Deutsche Börse Frankfurt

Regardless of one’s personal assessment of the opportunities and risks of an investment in SpaceX, the underlying market infrastructure is particularly noteworthy: Local investors are not required to trade directly on the Nasdaq. Thanks to inclusion on the same day in the best-case scenario, SpaceX shares can be bought and sold on both Deutsche Börse marketplaces immediately after the start of U.S. trading. Those who do not get a chance to participate in the IPO itself generally have the option to buy or sell the stock on the secondary market after the initial listing—provided that the price has been set and sufficient liquidity is available.

Same-day listing explained

With same-day listing, a stock that is listed for the first time on its home market is also included in trading on local exchanges on the same day. Deutsche Börse then enables trading in parallel with the home market.

The home market is defined as the exchange where a company has its initial listing and whose transparency rules it complies with. Trading volume is usually highest there. The price formed there often serves as a reference price for other trading venues.

Many foreign stocks on offer

In addition to German blue-chip stocks, numerous international stocks are traded in Frankfurt. Many of these have their home market abroad and were admitted to trading by specialists. These securities are listed on the Quotation Board, which does not entail any additional transparency obligations for the companies.

• More information about Deutsche Börse’s market structure

The spectrum ranges from large U.S. technology stocks to smaller international companies. If original shares cannot be traded directly, depository receipts (DRs) are sometimes used. These certificates represent shares held in custody. A few companies also have a dual listing, meaning they are directly listed on multiple exchanges.

• Further information on Depository Receipts

What to consider with the SpaceX IPO

An IPO of this magnitude attracts a lot of attention. However, that does not automatically mean that getting in is easy or cheap. Especially with highly sought-after IPOs, the opening price can be significantly higher than the offering price. Additionally, prices can fluctuate sharply during the first hours of trading.

This means: Same-day inclusion grants access to trading on Xetra and in Frankfurt. However, it says nothing about whether the SpaceX stock is fairly valued at the start, how liquid trading will actually be, or whether it is worth buying in immediately after the market debut. The reference price is initially set on the home market, Nasdaq—and trading on other exchanges is also guided by this.

Large and highly anticipated IPOs in particular demonstrate just how differently a stock market debut can unfold. Even with an IPO like SpaceX’s, the first trading day may see delays, sharp fluctuations, or a trading start that turns out differently than expected.

June 10, 2026, © Deutsche Börse AG