SpaceX is accelerating its blockbuster initial public offering, now planning to price the shares on June 11 and begin trading on Nasdaq on June 12 under the ticker SPCX, sources tell Reuters.
The company moved its timeline forward by about two weeks after a faster-than-expected SEC review of its IPO paperwork. A public prospectus could be filed as soon as next Wednesday, with a roadshow starting June 4.
SpaceX, valued at roughly $1.75 trillion, aims to raise about $75 billion in what would be the largest flotation in stock market history. That valuation jumped from $1.25 trillion following its merger with Musk’s AI startup xAI in February.
The lead underwriters are Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs, with 16 other banks in smaller roles.
Nasdaq recently adopted “fast entry” rules to expedite inclusion of large IPOs into the Nasdaq-100, as exchanges compete for listings from richly valued startups like Anthropic and OpenAI.