How to Buy SpaceX Stock in Canada (SPCX)
SpaceX is now public, trading on the Nasdaq under the ticker SPCX after a record debut on June 12, 2026. You can no longer buy at the IPO price, but any Canadian brokerage that offers US-listed stocks lets you buy SpaceX stock on the open market. Here is how to buy SpaceX stock in Canada, and what it costs.
What happened at the SpaceX IPO?
SpaceX priced its initial public offering at US$135 per share on June 11, then opened at US$150 the next morning and climbed from there. The stock traded as high as roughly 30% above the IPO price during the day before settling, and closed its first session at US$160.95, up about 19%. By deal size it was the largest IPO on record.
A few things make SPCX unusual beyond the size. The company folded in Elon Musk's AI venture xAI earlier in 2026, so SPCX is partly an AI story, not only a rockets and satellites story. Control sits with Musk through a dual-class share structure, which means ordinary shareholders have limited voting power. And the prospectus disclosed large accumulated losses over the company's history, so this is a growth bet, not a profitable blue chip.
Can Canadians still buy SpaceX stock?
Yes. Now that SPCX trades on the Nasdaq, any Canadian investor can buy it on the open market through a brokerage that offers US-listed stocks. The window to buy at the US$135 offering price has closed, that was only available to investors who were allocated shares before the listing. From here, you buy SPCX the same way you would buy any US-listed stock, at whatever the market price is when your order fills.
How do you buy SpaceX stock in Canada, step by step?
The process is the same as buying any US-listed share through a Canadian broker.
Open and fund a self-directed account that trades US-listed stocks. A TFSA, RRSP, FHSA, or non-registered account all work. SPCX is a Nasdaq-listed stock, which is a qualified investment for registered accounts.
Fund the account in Canadian dollars, or convert to US dollars first if your broker offers a US dollar account.
Search the ticker SPCX and confirm you have the Nasdaq listing.
Decide between a whole share or a fractional share. At roughly US$160 per share, fractional investing lets you put in a fixed dollar amount instead of buying a full share.
Place the order. Given how much SPCX moved on day one, a limit order lets you set the maximum price you are willing to pay, rather than accepting whatever a fast-moving market gives you with a market order.
Which Canadian brokers let you buy SPCX?
All of the major self-directed brokers that offer US-listed stocks can trade SPCX. The practical differences are whether you can buy a fraction of a share, whether you can hold US dollars to avoid converting on every trade, and what the platform costs you. The capability comparison is below. For the full fee breakdown, see our comparison table.
Wealthsimple is the most beginner friendly route and supports fractional US shares, so you can buy a small slice of SPCX with a set dollar amount. It is also the platform that ran IPO Access for the SpaceX listing. Interactive Brokers is the low-cost choice for cost-sensitive and active investors, with fractional US shares from as little as US$1 and the deepest set of tools. Questrade sits in the middle, with fractional trading on eligible large-cap US names, though a brand new listing like SPCX may not become fractional-eligible immediately. Qtrade is a solid full-service option but does not offer fractional shares, so you would buy SPCX in whole shares. Our Wealthsimple review, Questrade review, Interactive Brokers review, and Qtrade review go deeper on each.
What does it cost a Canadian to buy a US-listed stock like SPCX?
The cost most Canadians forget is currency conversion. SPCX trades in US dollars, so if you fund in Canadian dollars your broker converts your money, and the conversion spread is often a larger cost than any trading commission. Two ways to reduce it are holding a US dollar account so you only convert once, and using Norbert's Gambit to convert at close to the market rate. SPCX pays no dividend, so the usual concern about US withholding tax on US dividends inside a TFSA does not apply here, but the conversion cost still does. Commissions and conversion fees vary by broker, so check our comparison table for the current numbers before you buy.
Did Canadians get SpaceX shares at the IPO price through Wealthsimple IPO Access?
Some did. Wealthsimple IPO Access lets clients request shares of selected new listings at the offering price, with no minimum order and no fee to participate, access that has traditionally been reserved for institutions and wealthy investors. For a listing in this much demand, requests can far exceed the shares available, so allocations may be partial, or zero, and are decided through a process disclosed before each offering. Eligibility is also set per offering.
One rule matters if you take part in any IPO this way. If you sell or transfer your allocated IPO shares within the first 90 days, you can be barred indefinitely from future IPO access. That is a real constraint to weigh before requesting shares you might want to flip quickly.
This is also a space worth watching. Questrade has said it plans to launch a private markets platform this summer with pre-IPO opportunities, and the next wave of high-demand listings, including AI names such as Anthropic and OpenAI, is already being discussed. If you want a shot at the next one at the offering price, getting set up on a platform that offers IPO access now is the preparation that matters.
Should you buy SpaceX stock now?
This is informational, not advice, and SPCX carries more risk than a typical large-cap stock. A newly listed stock that moved this much in a single session may stay volatile for weeks. The company has a history of heavy losses, control is concentrated with one shareholder, and the valuation prices in years of future growth. Newly public companies can also face selling pressure later when early-investor lockup periods expire. If you want exposure, sizing it as a small satellite position rather than a core holding, and using fractional shares to keep the dollar amount controlled, are two ways Canadians commonly limit the risk of a single volatile name.
The bottom line
If you want to own SpaceX, you can, through any Canadian broker that trades US-listed stocks. Pick the platform that fits how you invest. Use Wealthsimple or Interactive Brokers if you want to buy a fractional share and keep the position small, or Questrade or Qtrade if you are buying whole shares. Mind the currency conversion, since it usually costs more than the trade itself, and consider a limit order so a volatile open does not fill you at a price you did not intend. Treat SPCX as a small, speculative position, not a place to park serious savings. And if your real goal is to get into the next big IPO at the offering price rather than chasing this one on the open market, set yourself up on a platform with IPO access before the next listing is announced, not after.
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FAQs
What is SpaceX's stock ticker?
SpaceX trades on the Nasdaq under the ticker SPCX. Make sure you are buying the Nasdaq listing when you search the symbol in your brokerage.
What was the SpaceX IPO price, and how did it trade on day one?
SpaceX priced its IPO at US$135 per share on June 11, 2026. The stock opened at US$150, traded as high as roughly 30% above the IPO price intraday, and closed its first day at US$160.95, up about 19%.
Can I buy SpaceX stock in my TFSA or RRSP?
Yes. SPCX is a Nasdaq-listed stock, which is a qualified investment for a TFSA, RRSP, or FHSA. Because SPCX pays no dividend, the usual concern about non-recoverable US withholding tax on US dividends inside a TFSA does not apply to this stock, though currency conversion still does.
Can I buy a fractional share of SpaceX in Canada?
It depends on your broker. Wealthsimple and Interactive Brokers offer fractional US shares, and Questrade offers fractional trading on eligible large-cap US stocks, though a brand new listing may take time to become eligible. Qtrade does not offer fractional shares, so you would buy SPCX in whole shares.
How much did SpaceX raise in its IPO?
SpaceX completed the largest IPO on record by deal size, reported to have raised roughly US$75 billion. Shares were priced at US$135 each ahead of the June 12, 2026 Nasdaq debut.
What is Wealthsimple IPO Access?
Wealthsimple IPO Access lets eligible clients request shares of selected new listings at the offering price, with no minimum order and no fee to participate. Allocations can be partial or zero when demand is high. Selling or transferring allocated IPO shares within 90 days can bar you indefinitely from future IPO access.
Is SpaceX stock a good investment?
Broker Guide Canada does not give personal investment advice. SPCX is a newly listed, highly volatile stock with concentrated control and a history of losses, so it carries more risk than an established large-cap. Whether it suits you depends on your goals, time horizon, and risk tolerance, and doing your own research before buying is sensible.
