SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq: sources
SpaceX has accelerated its IPO timeline, targeting a June 12 listing on Nasdaq with a ticker of 'SPCX' and aiming to raise about US$75 billion at a valuation of roughly US$1.75 trillion. The SEC’s faster-than-expected review of its paperwork allowed the company to move up its initial public offering from late June to early June, with a prospectus release planned for May 22 and a roadshow launch on June 4.
Elon Musk’s SpaceX is set to list its shares on Nasdaq as early as June 12 under the ticker 'SPCX', according to three sources familiar with the matter. The company has expedited its IPO timeline, originally planned for late June, due to a quicker SEC review of its paperwork. SpaceX plans to release its prospectus as early as May 22, launch a roadshow on June 4, and complete the share sale by June 11. The IPO would mark SpaceX’s debut as a public company, with a potential valuation of US$1.75 trillion and a fundraising target of US$75 billion, making it the largest stock market flotation in history. This valuation surpasses the combined US$1.25 trillion valuation set when SpaceX merged with Musk’s AI startup xAI in February. Nasdaq’s new 'fast entry' rules, designed to expedite the inclusion of large-cap companies in its Nasdaq-100 index, have likely contributed to SpaceX’s decision to list there. The move also secures a major victory for Nasdaq over its rival, the New York Stock Exchange. Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs are leading the offering, with 16 additional banks supporting institutional, retail, and international channels. SpaceX previously held the 'SPCX' ticker, which became available after Tuttle Capital Management switched to 'SPCK' in April. The IPO comes amid a rebounding IPO market, following years of volatility caused by US tariff policies and geopolitical uncertainty. SpaceX did not respond to requests for comment, and neither did Nasdaq or the SEC.
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