SpaceX is reportedly accelerating its initial public offering (IPO) plans and could list on Nasdaq as early as June 12 under the ticker SPCX.
SpaceX is reportedly seeking to raise about $75 billion at a valuation of roughly $1.75 trillion. If completed at that size, the offering could become the largest stock market debut in history.
The reported valuation is sharply higher than the company’s earlier $1.25 trillion combined valuation after SpaceX merged with xAI in February.
The company is aiming to make its IPO prospectus public as early as Wednesday, Reuters reported, citing people familiar with the matter. The investor roadshow could begin on June 4, while the share sale may happen as early as June 11.
Reuters previously reported that SpaceX has been preparing a major push to retail investors as part of the IPO process.
BlackRock May Invest Billions
BlackRock is reportedly considering investing $5 billion to $10 billion in the SpaceX IPO, Reuters reported, citing The Information.
The final amount could still depend on IPO pricing and other factors before the launch. BlackRock declined to comment, while SpaceX did not respond to Reuters’ request for comment.
SpaceX Expands Beyond Rockets
The IPO report comes as SpaceX continues to expand beyond its core rocket and satellite business.
The company filed an application in January to launch up to one million satellites as part of an “orbital data center” plan, according to the source text. Musk also reportedly shifted near-term priorities toward building a lunar city instead of focusing first on Mars colonization.
SpaceX’s acquisition of xAI earlier this year could also play into the company’s higher valuation, as investors weigh its role in artificial intelligence, satellites, and space infrastructure.
Plans Could Still Change
The IPO details have not been officially announced by SpaceX.
The timing, valuation, share sale size, and final ticker could still change before the listing. However, the reported June timeline suggests SpaceX may be moving closer to one of the biggest public listings ever.
Market manipulation. Nothing more.