04/06/2026
Message from Commsec
Space Exploration Technologies Corp. ("SpaceX")
We are pleased to provide you with the ability to apply to participate in the Australian component of the initial public offering (“Australian Offer”) of Class A common stock (“Shares”, “Class A Common Stock” or “Securities”) in Space Exploration Technologies Corp. (“SpaceX,” the “Company”).
The Australian Offer is being made under an Australian prospectus that was lodged with ASIC on 4 June 2026 (“Australian Prospectus”). The Australian Prospectus is available on the CommSec website and can be accessed by following the instructions below. The Australian Prospectus contains information on SpaceX and the Australian Offer, including on the risks associated with an investment in SpaceX and of participating in the Australian Offer. Those risks are set out pages 21 – 39 of the Australian Prospectus. You should read and consider the Australian Prospectus in full (including those risks) in deciding whether to apply to participate in the Australian Offer.
SpaceX is expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and Nasdaq, Texas, Inc. (“Nasdaq Texas”) under “SPCX”. SpaceX will not be applying to list on the Australian Securities Exchange (“ASX”).
Shares will be sold under the Australian Offer at a final offer price (“Final Price”), which is expected to be US$135 per Share (“Indicative Price”). The Final Price will be determined by SpaceX in consultation with the underwriters and will be communicated to Australian resident investors in a supplementary Australian prospectus expected to be made available on 11 June 2026. You should note that you will not know the Final Price at the time you are required to apply for Shares under the Australian Offer and will remain bound to acquire any allocation of Shares you receive regardless of whether the Final Price is above, below or equal to the Indicative Price. You should also note that the Indicative Price may change during the Australian Offer period.
To participate in the Australian Offer through CommSec, you will need a CommSec International Shares Account. Once you have a CommSec International Shares Account, you will be able to apply to participate in the Australian Offer through CommSec. You should read and consider the Australian Prospectus in full in deciding whether to acquire shares.
To apply under the Australian Offer, follow the steps below before 5PM, 10 June 2026 (Sydney time). You are encouraged to submit your application as soon as possible before that time. CommSec may stop accepting applications earlier without notice.
CommSec (Commonwealth Securities Limited) is acting as a Lead Australian Retail Broker to the Australian Offer.
