SpaceX Plans Major IPO on Nasdaq by June 12, Targeting $75 Billion Raise
Elon Musk’s SpaceX fast-tracks IPO timeline, eyes June 12 Nasdaq listing: Report
Mint
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SpaceX, the aerospace company founded by Elon Musk, is accelerating its IPO timeline, aiming for a stock market debut on Nasdaq as early as June 12, 2026. The company is targeting a raise of approximately $75 billion at a valuation of around $1.75 trillion, potentially making it the largest IPO in history.
- 01SpaceX plans to trade under the ticker 'SPCX' on Nasdaq, previously held by Tuttle Capital Management's ETF.
- 02The IPO could raise about $75 billion, significantly higher than the initial valuation of $1.25 trillion set during its merger with xAI in February.
- 03The faster timeline is attributed to a quicker review process by the U.S. Securities and Exchange Commission.
- 04Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs are the lead bookrunners for the IPO.
- 05The listing is expected to be one of the largest and most closely watched public offerings in recent years.
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Elon Musk's SpaceX is set to make its stock market debut on Nasdaq, targeting a listing as early as June 12, 2026. This fast-tracked timeline comes after a quicker-than-expected review of its IPO paperwork by the U.S. Securities and Exchange Commission. SpaceX aims to raise approximately $75 billion, valuing the company at about $1.75 trillion, which would mark the largest IPO in history. The company plans to trade under the ticker 'SPCX', which was recently vacated by Tuttle Capital Management's ETF. This listing is significant for Nasdaq, as it seeks to enhance its position against the New York Stock Exchange. The IPO is part of a broader resurgence in the IPO market, which has seen renewed interest after a period of volatility. With major players like Anthropic and OpenAI also eyeing public offerings, the market is poised for a busy year ahead. The lead underwriters for the offering include major financial institutions such as Morgan Stanley and Goldman Sachs, indicating strong support for this marquee offering.
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The successful IPO could lead to increased investment in the aerospace sector and create new jobs within SpaceX and its supply chain.
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