SpaceX Expedes IPO Timeline Ahead, Aims for Nasdaq Listing on June 11

SpaceX's Highly Anticipated IPO Set to Launch in June

SpaceX, the rocket and satellite maker founded by Elon Musk, is gearing up to launch its initial public offering (IPO) as early as June 11, with a listing venue confirmed as the Nasdaq stock exchange. According to sources familiar with the matter, the company has accelerated its IPO timeline, aiming to make its prospectus public as early as next Wednesday, June 7, with a roadshow launch targeted for June 4 and a market debut as early as June 12.

This new plan represents a quicker-than-expected timeline for SpaceX's offering, pulling forward a process that had initially been targeted for late June. The sources attribute the accelerated timeline to a faster-than-expected review of the company's IPO paperwork by the U.S. Securities and Exchange Commission (SEC). Prior to this, the IPO was expected to take place around the time of Elon Musk's birthday.

SpaceX's decision to list on the Nasdaq has been widely anticipated, with the company previously seeking early inclusion on the Nasdaq 100 index. The ticker 'SPCX' has been assigned to the company, which was previously used by Tuttle Capital Management's SPAC-focused ETF before switching to the 'SPCK' ticker in April.

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A Record-Breaking IPO

SpaceX's highly anticipated IPO is set to raise approximately $75 billion at a valuation of around $1.75 trillion, making it the biggest stock market flotation of all time. This valuation represents a significant step up from the combined valuation of $1.25 trillion set when SpaceX merged with Musk's artificial intelligence startup xAI in February.

The lead bookrunners for the offering include Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs, with 16 other banks in smaller roles spanning institutional, retail, and international channels. Despite the accelerated timeline, the company has not commented on the matter, while Nasdaq and the SEC have also declined to comment.

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