Published on: 2026-06-12
SpaceX (SPCX) debuted on Nasdaq on June 12, 2026, raising $75 billion in the largest IPO in stock market history. Through EBC, you can trade it as a CFD today from any country, on either account type, without a US brokerage or an IPO allocation.
Starlink, SpaceX’s satellite internet division, generated $11.4 billion in revenue at a 63% EBITDA margin in 2025, with 10.3 million subscribers across 160 countries. That profitable division is the financial core behind a $1.77 trillion valuation.
Start trading SPCX from $50 with transaction fees currently waived on EBC. No US brokerage account, no IPO allocation, and no foreign bank account required.
SpaceX priced its IPO at $135 per share on June 11, 2026 and began trading on Nasdaq on June 12 under the ticker SPCX, raising $75 billion in the largest stock offering ever recorded.
For most retail traders around the world, participating in the IPO directly was not an option. EBC now lists SPCX as a tradeable CFD, available in all regions, on both Standard and Professional accounts, with transaction fees currently waived.
No US brokerage account, no IPO allocation, and no foreign bank account are required. An EBC account with a $50 minimum deposit is all you need to get started.
SpaceX allocated roughly 30% of its IPO shares to retail investors, three times the typical allocation for a deal of this size. Even so, direct participation required an account at a US-registered brokerage and a request submitted before the June 10 cut-off. Investors without existing US brokerage relationships had no path in.
EBC changes that. A CFD on SPCX tracks the same Nasdaq price in real time. You go long if you expect the price to rise, short if you expect it to fall, from any supported country, with no ownership of the underlying shares required.
SpaceX reported $18.7 billion in consolidated revenue in 2025, up 33% from the year before, across three distinct divisions with very different financial profiles.
Connectivity (Starlink): The only segment generating profit. Starlink brought in $11.4 billion in revenue in 2025, up 48% year-on-year, with a 63% EBITDA margin and $4.4 billion in operating profit. By Q1 2026, it had reached 10.3 million active subscribers in more than 160 countries. Subscriber growth is the single most-watched metric for SPCX’s price.
Space (Launch Services): The original business, representing roughly 22% of group revenue. SpaceX holds more than $22 billion in government contract backlog across NASA, the Department of Defense, and the US Space Force. This division generates steady revenue but requires substantial ongoing capital investment as Starship development continues.
AI: The xAI division, merged into SpaceX in February 2026, posted a $6.35 billion operating loss in 2025 as it builds out AI computing infrastructure. Starlink’s cash flow is currently funding that build-out. The AI segment includes the Grok large language model, the X platform, and significant data center capacity. It is the speculative part of the SpaceX thesis, not the near-term earnings driver.
SpaceX posted a $4.9 billion net loss at the group level in 2025, driven by xAI’s investment stage. Traders who understand this structure can read quarterly disclosures accurately rather than reacting to headline profit or loss numbers alone.
A contract for difference (CFD) is an agreement to exchange the price difference between where you open a trade and where you close it. You never own SpaceX shares. You trade the price movement.
If SPCX trades at $135 when you enter and rises to $150, a CFD long position gains $15 per share. If it falls to $120, that same position loses $15 per share. Short positions work in reverse. Both directions are accessible from the same EBC account.
The contract size for US stock CFDs at EBC is 1 share per lot, with a minimum of 1 lot and a maximum of 10,000. At the $135 IPO price and up to 1:5 leverage for stock CFDs, the margin required to open a single-share position is approximately $27. A $50 deposit covers that position and leaves working capital in the account.
Set a stop-loss order on every position. A stop-loss is an instruction that closes your trade automatically when losses reach a preset level, so the market cannot take more than you planned to risk. SPCX is in its first days of public trading with a 4% float, meaning price swings will be sharper than in mature large-cap stocks.
Visit EBC’s registration page and create your account with your name and email. The process is entirely online.
Submit a government-issued ID and proof of address. This is required under FCA, CIMA, and ASIC regulations and applies to all new accounts.
EBC accepts deposits by local bank transfer, international wire, USDT, USDC, Neteller, and Skrill. Your deposit is credited as a US dollar balance. EBC does not charge a deposit fee, though your payment provider may apply its own charges.
Download either platform on desktop or mobile. Both are free. Your EBC account credentials work on both.
In the market watch panel, search for the SPCX instrument. Review the current spread and live price before entering.
Choose how many shares to trade. Set a stop-loss before confirming. Your position is live the moment you execute.
Starlink subscriber growth: Quarterly subscriber numbers and revenue-per-user trends are the primary read on whether SpaceX’s profitable business is accelerating or slowing. The first public earnings release is expected in November 2026, covering Q3 results. Before that, any subscriber updates or guidance revisions will move the stock.
Government contract awards: New NASA, Pentagon, or Space Force contract wins expand the $22 billion backlog and improve revenue visibility. Delays or losses in major bids pressure the stock.
Starship development: Progress toward fully reusable heavy-lift capability is a long-term price driver. Successful test flights or schedule setbacks create meaningful moves.
xAI and AI compute revenue: The AI division is loss-making today and capital-intensive to build. News that xAI’s compute infrastructure is generating enterprise contracts at scale, or that Grok is gaining paid subscribers rapidly, will shift how the market values the AI optionality embedded in SPCX.
Float and index demand: SPCX launched with only a 4% float. MSCI announced inclusion in its indices starting June 13. Index funds tracking MSCI benchmarks must hold SPCX proportionally, creating structural buying demand on top of normal market activity. Low float plus mandatory index purchasing creates conditions for amplified price movement.
Broad tech market conditions: At $1.77 trillion and a revenue multiple above 90 times 2025 results, SPCX is priced for long-term execution. When growth stocks broadly sell off or interest rate expectations shift higher, SPCX will be more exposed than value or dividend-oriented sectors.
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Client funds at Barclays: Your deposits are held in a separate account at Barclays, legally apart from EBC’s operating capital. They cannot be used for EBC’s expenses and are protected from claims against the company.
No transaction fees on SPCX (currently): Transaction fees on SpaceX CFD trades are waived on both Standard and Professional accounts. Verify the current status before depositing, as this is subject to change without notice.
Available in all regions, all account types: SPCX is open to traders in every region EBC serves, on both account types. The $50 minimum deposit applies to both.
200+ instruments, one account: SPCX trades alongside 37 forex pairs, 5 commodities including gold and oil, 12 global index CFDs, and 100 ETF CFDs on the same login.
Awarded three years running: World Finance named EBC the World’s Best Broker from 2023 through 2025. The complete record is at EBC’s awards page.
Yes. Through EBC, you access SPCX as a CFD without a US brokerage account, US bank account, or IPO allocation. EBC accepts clients from over 100 countries. All you need is an EBC account, identity verification, and a minimum $50 deposit.
In the IPO, you own actual Class A shares. A CFD tracks SPCX’s price without giving you legal ownership of those shares. You can go long or short through the same EBC account, but you do not receive shareholder rights or voting entitlements.
SPCX launched with a 4% float and no public earnings history, which produces sharper price swings than established large-caps. The xAI division posted a $6.35 billion operating loss in 2025. At a $1.77 trillion valuation, the revenue multiple leaves little room for missed growth targets. Size positions accordingly.
Transaction fees on SPCX are currently waived for both Standard and Professional account holders. Standard account costs are built into the spread. Professional account holders pay a small per-lot commission on a tighter raw spread. Verify the current fee structure with EBC before opening your account.
SpaceX CFDs are available to traders in all regions EBC serves. If your country is on EBC’s restricted list, you will be notified during account registration. Check EBC’s website for current country availability.
SpaceX’s first public earnings as a listed company are expected in November 2026, covering Q3 results. Until then, Starlink subscriber disclosures, government contract news, and broader tech market sentiment will drive SPCX’s price.
SpaceX spent more than two decades as a private company that most retail investors globally could not access. That changed on June 12, 2026. EBC lists SPCX as a CFD available in all regions and on all account types, starting at $50, with transaction fees currently waived.
Open your account, deposit, and search for SPCX.OQ on MT4 or MT5, and place your first trade on SPCX, priced from the live Nasdaq market.
