Reuters was informed by persons familiar with the subject on Friday that Elon Musk’s rocket and satellite firm, SpaceX, is gearing up to launch what might become the biggest initial public offering ever recorded. The deal may be priced as early as June 11 and the company is anticipated to list on the Nasdaq exchange.
A news agency has reported—citing three persons familiar with the matter—that SpaceX intends to make its prospectus public as early as next Wednesday, bringing its IPO timetable up to speed. The investor roadshow is set to begin on June 4, and trading might commence as early as June 12.
According to the sources, the business had originally aimed for late June, which was coincident with Musk’s birthday, but the new timeframe is weeks ahead of that. The timeline was expedited, according to the sources, since the U.S. Securities and Exchange Commission’s review procedure was faster than expected.
Sparking Ripple Effects Across Tech and Crypto Markets
The news broke in March via Reuters that SpaceX was leaning toward listing on Nasdaq, in part because that exchange may speed up the process of getting the business included in the Nasdaq-100 index.
SpaceX is aiming to raise around $75 billion at a valuation of nearly $1.75 trillion; it filed its S-1 with the SEC in April. With that scale, the initial public offering would surpass Saudi Aramco’s $29 billion flotation in 2019 and set a new record for the biggest stock-market debut.
Already, discussions on Wall Street are raging about the magnitude of the offering and the potential effects it may have on the movement of money between stocks and digital assets.
Institutional investors closely follow MSCI’s indexes. In a scenario analysis conducted in February, the index provider expressed concern that the megacap IPOs set to occur in 2026 could lead to massive passive investment flows, sector reallocations across benchmark indices, and a reduction in liquidity in markets that are not directly affected by the newly listed companies.
Due to their growing integration into the speculative capital ecosystem that underpins high-growth tech and AI companies, cryptocurrency markets may also experience the effects.