Summary
- SpaceX is set to list on the Nasdaq in June in what could be the biggest IPO in history.
- SpaceX is targeting a valuation of $1.75 trillion and a fundraising goal of $75 billion.
- SpaceX is aiming for inclusion in the Nasdaq-100 Index at the time of its listing, with major global investment banks serving as underwriters.
Forecast Trend Report by Period
Elon Musk’s SpaceX is poised to go public on the Nasdaq in June in what may be the largest initial public offering in history.
Reuters reported on May 15 that SpaceX plans to set its offering price on June 11 and begin trading on Nasdaq on June 12 under the ticker SPCX. The listing had initially been expected in late June, but the schedule was moved up after the U.S. Securities and Exchange Commission completed its filing review faster than expected. SpaceX plans to release its prospectus as early as next week and start its roadshow on June 4.
SpaceX is targeting a valuation of $1.75 trillion and aims to raise $75 billion. That would far exceed the $1.25 trillion valuation it received in February when it merged with Musk’s artificial intelligence company, xAI.
The company is also aiming for early inclusion in the Nasdaq-100 at the time of its listing. Major exchanges, including Nasdaq, have recently introduced rules to add large new listings to key indexes more quickly. Morgan Stanley, Bank of America, Citigroup, JPMorgan and Goldman Sachs will serve as underwriters on the deal.
Doohyun Hwang
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