SpaceX is expected to go public soon. Here's what we know about the IPO — and how to buy SpaceX stock in Canada when it's available.
SpaceX, owned by billionaire tech entrepreneur Elon Musk, has confidentially filed with the US Securities and Exchange Commission to go public. Its filing is not yet viewable, and many details of the IPO are unconfirmed, including the date, stock exchange, ticker symbol and expected share price.
The company, which currently earns revenue primarily through Starlink satellite services and launch services, is believed to be targeting a $1.75 trillion valuation. At this valuation, the IPO would be the largest in history, surpassing the record set by the Saudi Aramco IPO in 2019. Altogether, the SpaceX IPO is expected to raise up to $75 billion.
The public offering could take place this summer, although the exact date has not yet been announced. We'll update this page with information as it becomes available.
Want to invest in other space stocks? Learn more here.
Note: All dollar amounts on this page are in US dollars unless otherwise stated.
Once SpaceX goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
You won't be able to buy SpaceX stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.
You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.
Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy SpaceX stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.
An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.
Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.
Speak with a tax professional to find out what rules and exceptions apply in your circumstances.
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