Elon Musk’s rocket and satellite maker SpaceX is preparing for one of the most closely watched stock market debuts in recent years, with the company targeting an initial public offering as early as June 12, according to people familiar with the matter cited by Reuters.
The company plans to price its IPO as early as June 11 and has selected Nasdaq as its listing venue, the report said.
The stock will be listed under the ticker SPCX, the report added.
SpaceX has also accelerated its IPO timeline and is now aiming to publicly file its prospectus as early as next Wednesday, while a roadshow launch is expected around June 4.
The accelerated schedule advances a process that had originally been planned for late June, around Elon Musk’s birthday, according to three people familiar with the matter cited in the report.
The people said a faster-than-expected review of the company’s filing by the US Securities and Exchange Commission helped move the timeline forward.
Reuters had previously reported in March that SpaceX was leaning toward a Nasdaq listing as it pursued early inclusion in the Nasdaq 100 index.
Nasdaq 100 inclusion seen as strategic goal
SpaceX’s potential inclusion in the Nasdaq 100 appears central to its exchange choice.
The Nasdaq 100, owned by Nasdaq Inc., is widely viewed as a benchmark index for major technology and growth companies, including Nvidia, Apple, and Amazon.com.
The index gained about 21% last year and has gained 15% in this year so far.
Nasdaq proposed a new rule in February and implemented it on May 1 to speed up the addition of newly listed megacap companies to the Nasdaq 100 index.
The “Fast Entry” rule allows a newly listed company to join the index in less than a month if its market capitalization ranks among the top 40 companies already in the benchmark.
The rule is designed to attract high-value private companies such as SpaceX, Anthropic and OpenAI to list on the exchange.
SpaceX targets $2 trillion valuation
A Bloomberg report said that SpaceX is seeking a valuation of around $2 trillion in the IPO, making it the largest IPO of all time.
The potential valuation highlights investor enthusiasm for companies tied to space technology, satellite communications, and artificial intelligence infrastructure.
Admission into a major benchmark such as the Nasdaq 100 or the S&P 500 can provide companies with broader access to institutional investors, many of whom purchase shares through index-tracking funds.
That additional demand can improve liquidity and expand a company’s shareholder base over time.
For executives and early investors, deeper liquidity may also reduce the market impact of large share sales after lockup periods expire, which typically occurs 90 to 180 days after an IPO.
The post SpaceX eyes Nasdaq debut on June 12: report appeared first on Invezz