The largest IPO in history lands this Friday. On June 12, SpaceX stock starts trading on the Nasdaq under the ticker ‘SPCX’ at an expected price of $135 a share, amounting to an estimated valuation of $1.75 trillion. That would more than double the record Saudi Aramco set in 2019. After two decades of Elon Musk insisting the company would stay private, everyone suddenly wants in.

Here is what the headlines skip: buying the stock is only one way to play it, and it may not be right for everyone. The intended time horizon and appetite for risk can lead different investors down different routes. At launch, three main options are likely to be on the table for consideration. Below is what each one entails, and what they are generally…