SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq, sources say
The offering could raise about $75 billion at a roughly $1.75 trillion valuation, making it the biggest stock market flotation on record.
- SpaceX is accelerating its initial public offering, aiming to list on Nasdaq under ticker 'SPCX' as early as June 12, with pricing expected by June 11, sources told Reuters on Friday.
- A faster-than-expected Securities and Exchange Commission review of IPO paperwork prompted the acceleration, while Nasdaq's recently implemented 'fast entry' rules expedite large-cap inclusion in its Nasdaq-100 benchmark index.
- Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs serve as lead bookrunners, targeting a valuation of roughly $1.75 trillion and a raise of about $75 billion, supported by 16 other banks.
- Prospectus filing and investor roadshow are scheduled for June 4, pulling forward the timeline from the previously anticipated late June debut and reflecting urgency in SpaceX's market entry strategy.
- Positioning itself to potentially achieve the largest stock market flotation ever, SpaceX aims to capture investor interest amid concerns over the shrinking number of publicly listed companies in America.
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SpaceX targets June 11 IPO pricing, picks Nasdaq for historic market debut
Elon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.
SpaceX accelerates IPO timeline, targets June 11 pricing on Nasdaq
Elon Musks SpaceX is accelerating its IPO plans, with pricing expected around June 11 and a potential market debut by June 12 on Nasdaq. The company has fast-tracked filings after a quicker SEC review, moving ahead of its earlier late June timeline as it eyes strong investor demand.
SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq, sources say
Elon Musk's rocket and satellite maker SpaceX is planning to price its blockbuster initial public offering as early as June 11 and has picked Nasdaq as its listing venue, people familiar with the matter told Reuters on Friday.
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