Raenest to allow Nigerians buy SpaceX shares at IPO

Raenest, the international money platform helping Africans participate in the global economy, is set to make SpaceX shares available on its app, subject to regulatory clearance.

SpaceX’s stock is set to be available for public trading on June 12, 2026. It’s priced at $135 per share and will trade on the US tech bourse, Nasdaq, under the ticker symbol SPCX.

“Nigerians are increasingly looking for simpler ways to access global financial markets,” said Victor Alade, Co-founder and CEO at Raenest. “Our focus is on removing barriers to access and providing users with a straightforward way to access U.S.-listed securities through a platform designed around their everyday financial needs.”

The SpaceX IPO is one of the most anticipated public offerings in the world. The company, pushing the frontier of innovation, produces reusable rockets, explores space and makes the internet available via satellites. Starlink, the company’s internet service, is operating in over 150 countries, including Nigeria. In Nigeria, where it launched three years ago, it has become the second-leading provider of broadband internet, and is on track to surpass a 15-year-old internet service provider, Spectranet.

Most Nigerians are priced out of the stock due to its high value compared to the country’s minimum wage ($47), while those who can afford to purchase the stock have limited options. The solution would be for a platform to offer fractional investing, currency conversion and foreign investments, at least.

Raenest provides access to US-listed securities and fractional investing from as little as $2. It also offers one commission-free stock trade every month, which interested and eligible users can take advantage of with the upcoming SpaceX IPO.

Raenest is backed by over $14 million from investors and offers multi-currency accounts, international payments, stablecoins, and global cards to its million users.

Important information on Raenest and its US stocks features

This article was produced in partnership with Raenest. It is for informational purposes only and does not constitute financial advice.

Raenest is not a broker-dealer or investment adviser. Securities are offered through Alpaca Securities LLC, a U.S.-licensed broker-dealer regulated by the SEC and a member of FINRA and SIPC. The investment feature is offered in partnership with City Investment Capital Limited, a firm licensed by the Securities and Exchange Commission of Nigeria.

Investing involves risk, including the possible loss of principal. Past performance does not guarantee future results. The availability of any security on the Raenest platform should not be considered an endorsement or recommendation of that security.

Any AI-generated summaries or informational content available through the platform are provided for educational purposes only and should not be considered investment advice.

The timing of any listing, commencement of trading, and availability of any security on the Raenest platform may be subject to change.

Last updated: June 10, 2026