How to Buy SpaceX IPO Shares in Canada

Canadians hoping to buy shares of SpaceX at its initial public offering (IPO) price now have multiple ways to participate.

As SpaceX moves closer to its highly anticipated public debut under the ticker symbol SPCX, several major Canadian brokerages have opened access to expressions of interest, allowing retail investors to reserve shares before the company begins trading on public markets.

RBC Direct Investing and Wealthsimple were among the first platforms to offer access, and now BMO InvestorLine has joined the list, giving Canadian investors another avenue to potentially secure shares in what is expected to be one of the largest IPOs in history.

However, investors should keep in mind that expressing interest does not guarantee an allocation. Demand for SpaceX shares is expected to be extremely high, meaning some investors could receive only a portion of their requested shares—or none at all.

RBC Direct Investing Opens IPO Reservations

RBC Direct Investing clients can submit an expression of interest through the brokerage’s IPO Centre.

Investors can log into their account, navigate to the “Trade & Transfer” menu, and select “IPO Centre.” From there, SpaceX appears as an available offering, allowing clients to review the prospectus and indicate how many shares they would like to purchase.

According to RBC’s disclosure, an expression of interest represents a commitment to purchase shares if they are allocated. Investors can modify or cancel their request while the reservation window remains open.

RBC notes that only accounts where the client is the primary account holder are eligible, and corporate accounts are excluded from the offering.

Wealthsimple Adds SpaceX to Upcoming IPOs

Wealthsimple clients can also submit an expression of interest through the platform.

SpaceX now appears in Wealthsimple’s “Upcoming IPOs” section alongside other public offerings. Investors can review the details of the offering and indicate their interest directly through the app or website.

The addition is significant because Wealthsimple has become one of Canada’s largest retail investing platforms, potentially opening the door for thousands of additional investors hoping to participate in the IPO.

BMO InvestorLine Joins the List

BMO InvestorLine has now also confirmed access for Canadian residents as well.

In a notice sent to clients, the brokerage announced that SpaceX is available to reserve through InvestorLine’s “IPOs and New Issues” section. The notification describes the offering as Class A common shares priced in U.S. dollars and encourages investors to submit their expression of interest as early as possible.

The addition of BMO means three of Canada’s largest self-directed investing platforms are now providing retail investors with a chance to participate in the offering before shares begin trading publicly.

One of the Biggest IPOs Ever

SpaceX is seeking to raise approximately US$75 billion through the IPO, with shares expected to be priced at US$135 each. Based on those figures, the company would debut with a valuation exceeding US$1.7 trillion, instantly placing it among the world’s most valuable publicly traded companies.

For Canadians hoping to buy shares at the IPO price, submitting an expression of interest through RBC Direct Investing, Wealthsimple, or BMO InvestorLine may be the best opportunity to secure an allocation before trading begins on the open market.

Keep checking back for updates, we will add additional Canadian financial institutions as they become available.