Nigerians can now buy into SpaceX ahead of its historic IPO. Here’s how

SpaceX, Elon Musk’s rocket and satellite internet company, is going public in three days. And for the first time, Nigerians can buy a piece of it.

SpaceX will go public on June 12, on the Nasdaq under the ticker SPCX, with shares priced at $135 each. The company aims to raise $75 billion, valuing it at approximately $1.77 trillion, more than double the previous IPO record set by Saudi Aramco in 2019.

This valuation exceeds Nigeria’s entire GDP and ranks SpaceX as the seventh most valuable company globally, following Nvidia, Apple, Alphabet, Microsoft, Amazon, and Saudi Aramco.

Nigerian investment app Bamboo announced the news on X today with a post that read “Guyssss!!!! Elon Musk is coming to Nigeria”, which briefly confused followers who thought the billionaire was planning a physical visit. The actual news, as one user quickly clarified, was about the stock.

Bamboo is an SEC-approved investment platform that lets Nigerians buy U.S. stocks funded in naira, handling the currency conversion automatically. Founded in 2019 and backed by Y Combinator, the platform allows users to get onboarded and begin trading in under five minutes. SpaceX will be available on it post-listing.

Why the SpaceX IPO is a big deal and what Nigerians stand to gain

SpaceX is not a regular tech company going public. It operates at the intersection of four of the most valuable sectors on earth right now: space, AI infrastructure, satellite internet, and defence.

Its Starlink satellite network is already live in Nigeria, serving thousands of homes, hospitals, and schools that have no reliable ground-based internet. The company launched 404 rockets in 2025 alone. Its 2025 revenue reached $18.67 billion, with Starlink as its only profitable segment.

For everyday Nigerian investors, the IPO opens a door that previously did not exist. Think of someone in Abuja who has been watching Starlink dishes appear in her neighbourhood for two years, paying a subscription every month, knowing it belongs to one of the most valuable private companies in history, but having no way to own any part of it.

Starting June 12, individuals will be able to fund their accounts in naira through Bamboo, convert that amount to dollars, and purchase fractional shares of SPCX. This means that you don’t need to buy a full share priced at $135 to participate. Instead, you can invest a smaller amount and still own a proportional stake in the share.

For investors, timing is crucial. SpaceX was quickly added to the Nasdaq 100 index, which the Invesco Trust tracks. This means that passive fund managers who follow this index must automatically purchase SPCX. This built-in demand could help support the stock price once it’s listed.

SpaceX faces substantial financial risks. In 2025, the company reported a net loss of $4.94 billion, despite robust revenue. Morningstar values SpaceX at $780 billion, significantly less than its projected $1.77 trillion IPO price.

Similar read: SpaceX overtakes OpenAI as world’s most valuable private company with record $1.25 trillion valuation

This discrepancy between the IPO price and independent valuations is among the largest seen in recent IPO history. With only 3-7% of shares initially available to the public, even minor increases in demand could lead to extreme early price volatility. Analysts caution that investors who purchase shares on the first day and then quickly sell them could experience considerable losses.

This trend was observed with past high-profile IPOs like Uber, Lyft, and Rivian, which saw their stock prices drop by 30-60% in the months following their market debuts.

Experts recommend using limit orders rather than market orders on listing day to avoid buying at a price spike and investing only what you are genuinely willing to leave in for years. Bamboo and other platforms allow this.

The SpaceX IPO is a genuine historic moment, the largest in market history, involving a company that is reshaping how the world accesses the internet, launches satellites, and thinks about space. For Nigerians, the ability to participate at all is itself new. Whether you invest $10 or $1,000, the window opens in a few days.