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Elon Musk's SpaceX weighs Nasdaq listing after seeking early index entry: Reuters
SpaceX aims for early Nasdaq 100 inclusion under a new Fast Entry rule to access institutional investors and boost liquidity for its potential $1.75 trillion IPO.
- Elon Musk's rocket and satellite maker SpaceX is leaning toward listing on the Nasdaq for what could be the biggest IPO, seeking early Nasdaq 100 inclusion as a condition.
- Last month, Nasdaq proposed a Fast Entry rule to speed inclusion of megacap firms like SpaceX, Anthropic and OpenAI by allowing accelerated entry for top-40 market caps.
- Advisers to SpaceX have reached out to index providers including Nasdaq as the New York Stock Exchange also competes, while SpaceX seeks a valuation of around US$1.75-trillion.
- Broader index inclusion could give companies like SpaceX access to institutional investors and improve liquidity, especially for executives and early investors, after lockup periods of 90 days.
- Reuters previously reported SpaceX's IPO could occur as early as June, but Nasdaq's proposed 'Fast Entry' rule is not final and may take months to implement.
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Space X is aiming for a record-breaking exchange. The favorite is the US technology exchange Nasdaq, which could make Space X one of the largest companies in the US.
·Düsseldorf, Germany
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Elon Musk's SpaceX weighs Nasdaq listing after seeking early index entry
Elon Musk's rocket and satellite maker SpaceX is leaning toward listing its shares on the Nasdaq for what could rank as the biggest initial public offering of all time, according to four people familiar with the company's thinking.
·India
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Exclusive: Elon Musk's SpaceX weighs Nasdaq listing after seeking early index entry, sources say
Elon Musk's rocket and satellite maker SpaceX is leaning toward listing its shares on the Nasdaq for what could rank as the biggest initial public offering of all time, according to four people familiar with the company's thinking.
·United Kingdom
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Total News Sources8
Leaning Left0Leaning Right3Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
C 57%
R 43%
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