SpaceX isn't public yet, but Wall Street is already building ETFs for it
Wall Street is preparing for SpaceX's potential IPO by launching or filing nine space-related ETFs, with some indexes changing rules to allow fast entry for megacap IPOs. SpaceX could list as soon as June, targeting a valuation of around $1.75 trillion and a raise as large as $75 billion.
SpaceX has confidentially filed IPO paperwork but has not listed yet. Its private market price has surged nearly 700% since 2023, giving it an estimated valuation near $1.5 trillion. Nine space-related ETFs have been launched or filed over the past three months, with one existing space ETF index changing its rules to allow a company like SpaceX to become eligible as early as the close of its first day of exchange trading after an IPO. Nasdaq has adopted a fast-entry path that could allow a massive new listing into the Nasdaq 100 after only 15 trading days. SpaceX could list as soon as June, targeting a valuation of around $1.75 trillion and a raise as large as $75 billion. Faster index entry could turn SpaceX from a hard-to-access private market name into a forced holding for index-tracking funds much sooner than IPO investors are used to.
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