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2h ago

SpaceX Is Said to Target June 12 Nasdaq Debut at About $1.75 Trillion

A thin public float plus faster index inclusion could force large passive buys that swing prices early.

The SpaceX Falcon 9 rocket booster is shown outside the company’s facility in Hawthorne California, U.S., April 23, 2026. REUTERS/Mike Blake
Image
The outside of a SpaceX facility on a cloudy day with the SpaceX Falcon 9 rocket on display
The SpaceX building, as the company prepares to file for an initial public offering (IPO), in Hawthorne California, U.S., April 23, 2026. REUTERS/Mike Blake

Overview

  • SpaceX, which sources said Friday selected Nasdaq and the ticker SPCX, plans to price the IPO as early as June 11 with trading as early as June 12.
  • Reporting points to a roughly $1.75 trillion valuation with about $75 billion raised, which would rank as the largest U.S. market debut on record.
  • Index operators recently adopted fast‑entry rules for mega listings, and market voices such as CNBC’s Jim Cramer warn a small float could ignite speculative spikes.
  • Estimates cited by Morningstar put 2025 revenue near $15.8 billion, mostly from Starlink, while SpaceX also absorbed Musk’s AI venture xAI earlier this year.
  • The company confidentially filed with the SEC in early April, and critics highlight that much of the value jump from about $350 billion to the target range occurred before public investors could participate.