Overview
- SpaceX, which several outlets reported this weekend is speeding its timetable, is aiming to set the share price on June 11 with a Nasdaq debut on June 12.
- The company plans to sell roughly $75–80 billion of stock, a sum that would make it the largest initial public offering on record.
- Bloomberg reports SpaceX is seeking a valuation above $2 trillion, a sharp jump from the roughly $1.25 trillion figure cited when it merged with Elon Musk’s AI firm xAI in February.
- Reuters says the SEC’s review moved faster than expected, with a prospectus expected Wednesday, May 20, and an investor roadshow slated to begin on June 4.
- Investor interest appears strong, with The Information reporting BlackRock is considering a $5–10 billion stake, and the listing could fund Starlink, Starship and new AI efforts.