Elon Musk’s aerospace and satellite company, SpaceX, is preparing to go public as early as June 12 in what could become the largest initial public offering (IPO) in history, according to sources familiar with the matter.
The company is expected to list on the Nasdaq under the ticker symbol SPCX, with plans to publicly file its prospectus next week and begin a roadshow for investors on June 4. The share sale could take place as early as June 11, ahead of the anticipated market debut the following day.
If completed as planned, the IPO could raise approximately $75 billion, valuing SpaceX at around $1.75 trillion. That would surpass all previous stock market debuts and mark a significant increase from the company’s estimated $1.25 trillion valuation following its merger with Musk’s artificial intelligence startup, xAI, earlier this year.
Accelerated Timeline
SpaceX initially aimed for a late June listing, but the timeline was moved forward after a faster-than-expected review of its registration documents by the U.S. Securities and Exchange Commission (SEC).
SpaceX’s decision to choose Nasdaq over the New York Stock Exchange represents a major victory for the tech-heavy exchange.
The company is reportedly seeking rapid inclusion in the Nasdaq-100 Index, aided by Nasdaq’s newly introduced “fast entry” rules, which are designed to accelerate the addition of large-cap newly listed companies to the benchmark.
The IPO is being led by some of the world’s largest investment banks, including: Morgan Stanley, Bank of America, Citigroup, JPMorgan and Goldman Sachs
An additional 16 banks are participating in institutional, retail, and international distribution roles.
SpaceX’s public debut is widely seen as one of the most anticipated stock listings in recent years. The offering could pave the way for other high-profile technology companies, including Anthropic and OpenAI, which are also expected to consider public listings.
