How to Invest in SpaceX: 4 Routes

Four routes · ranked by accessibility

The four routes, and what each one really gives you

SpaceX has a public listing on NASDAQ as SPCX. What follows is ranked by how easily an ordinary investor can start. The Canborsa perpetual, if live, is a derivative and does not convey SpaceX shares.

ROUTE Aany investor

Listed funds that hold private companies

A handful of listed closed-end and venture funds carry late-stage private names in their portfolios. You buy the fund in any brokerage account; the private company is one position inside it. A fund's latest schedule of investments shows whether it holds SpaceX.

SpaceX holding · fund-specific

Pros

✓Works in an ordinary brokerage account

✓No accreditation, no company approval

✓Sellable on any trading day

Cons

—You own fund shares, and SpaceX may not be in the portfolio at all

—Closed-end funds have traded at large premiums to NAV

—Any single position is a slice — the rest of the book moves your return too

ACCESSAny brokerage that lists the fund · no minimum beyond one share · read the latest holdings report and the premium to NAV before you assume SpaceX is in there

ROUTE Baccredited only

Secondary marketplaces

Platforms that match existing shareholders with buyers. This is the route that can end with private shares, or an interest in a vehicle holding them, in your account. Supply comes from employees and early investors choosing to sell, so a name can be quoted one month and absent the next.

SpaceX availability · set by holders

Pros

✓Direct exposure to the equity itself

✓Pricing follows recent private-market sales

✓A position taken now survives into an eventual listing

Cons

—Accredited-investor status is verified before you can bid

—The company must approve the transfer and usually holds a right of first refusal

—Five-figure minimums and weeks of settlement; no exit until a liquidity event

ACCESSAccredited investor · platform onboarding and KYC · company transfer approval plus the refusal window before settlement

ROUTE Cinvitation only

Employee-share vehicles

Single-purpose vehicles and forward contracts written against shares held by employees and early investors. The sponsor holds the position; you hold an interest in the sponsor's vehicle. Deals circulate through fund networks; there is no public order book for them.

SpaceX vehicles · by invitation

Pros

✓Reaches allocations that never appear on a marketplace

✓The vehicle can participate in a future tender

✓Sponsors handle the paperwork and the cap-table mechanics

Cons

—You are one layer removed from the cap table

—Management and carry fees stack on top of the share price

—Transfer restrictions can invalidate a structure the company never approved

ACCESSInvitation or qualified-purchaser status · counsel should read the vehicle documents before you subscribe · minimums are set by the sponsor

ROUTE Dany investor

The SPCX perp on Canborsa

A perpetual future tracking secondary-market pricing of SpaceX shares. Price exposure without owning equity: sign-up takes an email, positions take up to 20x leverage and settle in USDC.

SPCX-PERP · live

Fees 0.07% per side, 0.14% round-trip · it is a derivative and conveys no SpaceX equity.

Trade SPCX-PERP ›

Comparison · every route in one table

The routes side by side

The first row is the SpaceX perpetual on Canborsa: price exposure in minutes, with an email and USDC, and no shares change hands. The three routes below it are the ways to hold SpaceX equity, ranked by how easily an ordinary investor can start.

Route

Access requirement

Typical minimum

Liquidity

Ends with shares?

Canborsa· SPCX-PERP—Sign upthe SpaceX perpetual · live

Email, X or a wallet + USDC

from $1

24/7 · perpetual market

No — perp exposure on SPCX

A · Listed fundsindirect · via a fund

A brokerage account that lists the fund — no accreditation

one fund share

Daily, on-exchange

No — fund shares

B · Secondary marketplacesshare ownership

Accredited investor, company transfer approval, refusal window

five figures, platform-set

Weeks — approval-gated

Yes — with restrictions

C · Employee-share vehiclesshare ownership · indirect

An invitation from the sponsor, plus qualified-purchaser status in most structures

set by the sponsor

At a future tender or exit

Indirect — via the vehicle

Canborsa — a perpetual on SPCX, price exposure without sharesshare ownership — you sit on or behind the cap tablefund exposure

Liquidity events · read as an access question

Who could actually buy in, and when

Every disclosed round, read as an access question.

No SpaceX liquidity event has been open to retail buyers on the primary side — the routes above exist precisely because of that.

Liquidity event

Date

Valuation

Who could participate

IPO (NASDAQ: SPCX) LATEST

12 Jun 2026

$1.8T

A primary round — the company sells new shares to investors it selects. $75B raised.

Equity raise

1 Jul 2025

A primary round — the company sells new shares to investors it selects. $5B raised.

Series J

2 Jan 2023

A primary round — the company sells new shares to investors it selects. $750M raised, led by Andreessen Horowitz.

Series J

15 Sep 2022

A primary round — the company sells new shares to investors it selects. $9.8M raised.

Angel

25 Aug 2022

A primary round — the company sells new shares to investors it selects. $100M raised, led by Ron Baron.

Series J

20 Jul 2022

$127B

A primary round — the company sells new shares to investors it selects. $250M raised.

Series J

24 May 2022

$125B

Mirae Asset, Space.VC, Kinetic. $1.7B raised.

Round

1 Jan 2022

$127B

A primary round — the company sells new shares to investors it selects.

Series J

14 Dec 2021

A primary round — the company sells new shares to investors it selects. $337M raised.

Round

1 Oct 2021

$100.3B

A primary round — the company sells new shares to investors it selects.

Round

1 Feb 2021

$74B

A primary round — the company sells new shares to investors it selects. $1.6B raised, led by 99 investors.

Round

1 Aug 2020

$46B

A primary round — the company sells new shares to investors it selects. $1.9B raised.

Round

1 Mar 2020

$36B

A primary round — the company sells new shares to investors it selects.

Round

1 Jan 2019

$33.3B

A primary round — the company sells new shares to investors it selects. $1.3B raised.

Round

1 Jul 2017

$21B

A primary round — the company sells new shares to investors it selects. $350M raised.

Round

1 Jan 2015

$12B

A primary round — the company sells new shares to investors it selects. $1B raised, led by Google, Fidelity Investments.

Round

1 May 2012

$2.4B

A primary round — the company sells new shares to investors it selects. $2.4B raised.

Frequently asked questions

What is SpaceX?›

SpaceX designs, manufactures and launches advanced rockets and spacecraft, building the Falcon and Starship vehicles alongside the Dragon capsule, and it operates the Starlink satellite internet constellation.

What industry does SpaceX operate in?›

SpaceX operates in space & defense.

When was SpaceX founded?›

SpaceX launched in 2002.

How many employees does SpaceX have?›

SpaceX has about 22,621 employees.

How much money has SpaceX raised in total?›

SpaceX has raised $91.8B across 17 funding rounds.

How to Invest in SpaceX: 4 Routes

The four routes, and what each one really gives you

Listed funds that hold private companies

Secondary marketplaces

Employee-share vehicles

The SPCX perp on Canborsa

The routes side by side

Who could actually buy in, and when

Frequently asked questions

Trade SPCX-PERP on Canborsa