Elon Musk’s SpaceX is poised to launch the largest initial public offering (IPO) ever recorded, accelerating its listing process according to sources familiar with the matter. The company is expected to unveil its business plan to the public next week, with the share pricing process on Nasdaq potentially beginning as soon as June 11.
IPO timing moved forward
Previously scheduled for late June, SpaceX’s IPO timeline has now been pushed up by roughly two weeks. Three sources briefed on the matter indicated that a fast-track review by the U.S. Securities and Exchange Commission (SEC) could enable SpaceX to complete the process ahead of schedule. The investor roadshow is set to start on June 4, and the company’s shares are anticipated to begin trading on June 12.
SpaceX reportedly filed its IPO paperwork with the SEC in April, targeting a massive $75 billion in proceeds and an overall company valuation of around $1.75 trillion. This figure far surpasses the $29 billion raised by Saudi Aramco’s historic 2019 listing, making SpaceX’s IPO the largest in recent history.
Nasdaq selection and index implications
As reported by Reuters in March, SpaceX has chosen leading U.S. electronic exchange Nasdaq for its IPO. The move is strategic, giving the company a better chance to join high-profile indices like the Nasdaq-100 more quickly. SpaceX’s listing is expected to prompt rapid changes in the index compositions.
An analysis published by MSCI in February noted that the expected mega-IPOs in 2026 could unleash billions in passive investment inflows, lead to major shifts in sector-specific portfolios, and even pose liquidity risks for other markets outside these newly listed companies.
These developments have sparked debate on Wall Street about how such a large IPO might impact the balance of capital markets. Experts believe that this unprecedented listing could have far-reaching effects on both traditional equities and the digital assets landscape.
Potential impact on crypto markets
In recent years, the correlation between Bitcoin, Ether (ETH), other major cryptocurrencies, and traditional indices like Nasdaq and S&P 500 has grown stronger. Analysts suggest that the flow of capital toward major IPO opportunities could reduce interest in the more volatile crypto markets temporarily.
SpaceX is also drawing attention as it goes public with a direct Bitcoin holding. The company owns 8,285 Bitcoins via Coinbase Prime, a stash valued at approximately $656 million. With the implementation of new fair value accounting standards in 2024, SpaceX is set to become the first newly public company with a significant Bitcoin portfolio under these guidelines.
