SpaceX is set to debut on the Nasdaq on June 12, poised to become the most valuable company to ever go public. The company is targeting a $1.75 trillion valuation and aims to raise $75 billion, making it the largest initial public offering in history.
MSCI confirmed it will fast-track SpaceX into its Global Standard Indexes, adding the stock roughly ten trading days after the debut. This moves well ahead of the standard quarterly rebalance schedule.
The offering carries a thin free float of just seven percent. With the vast majority of shares held by insiders, including CEO Elon Musk, index-tracking funds will face intense buying pressure to establish positions. That supply constraint could trigger significant volatility in the shares immediately following inclusion.
Financially, SpaceX reported $18.67 billion in revenue for 2025, marking a 33 percent year-over-year increase. However, the company posted a $4.94 billion net loss. At the target price, shares trade at roughly 94 times revenue. Heavy capital expenditures for Starship and satellite manufacturing continue to weigh on profitability.
Institutional investors are positioning for a predictable catalyst. The rapid index inclusion guarantees forced buying within two weeks of the listing. This move underscores a broader shift, as megacap private firms increasingly turn to public markets after years of staying out.