Elon Musk’s SpaceX is accelerating plans for a blockbuster IPO that could become the largest in history, with pricing targeted as early as June 11 and a Nasdaq debut potentially following the next day.
Reuters, citing sources familiar with the matter, reported that the rocket and satellite company has moved up its timeline after a faster-than-expected review by the U.S. Securities and Exchange Commission. SpaceX is now expected to publish its prospectus as soon as next Wednesday, kick off its investor roadshow on June 4, and begin trading as early as June 12.
The updated schedule is several weeks ahead of the company’s earlier late-June target, which had loosely aligned with Musk’s birthday. Sources said the accelerated SEC process enabled the company to advance its plans.
SpaceX is expected to list on Nasdaq, a move previously reported by Reuters and partly driven by the potential for faster inclusion in the Nasdaq-100 index.
The company filed its S-1 in April and is aiming to raise about $75 billion at a valuation of roughly $1.75 trillion. At that scale, the offering would surpass Saudi Aramco’s 2019 IPO to become the largest public listing ever.
The sheer size of the deal is already prompting discussion across Wall Street about its potential to reshape capital flows. Analysts expect a listing of this magnitude to drive significant passive inflows, force index rebalancing, and pull liquidity from other segments of the market.
MSCI warned in a February scenario analysis that megacap IPOs expected in 2026 could attract billions in passive investment, trigger sector shifts across benchmark indexes, and divert capital away from assets outside newly listed firms.
Crypto markets could also feel indirect pressure. Over recent cycles, bitcoin, ether, and other major digital assets have shown increasing correlation with U.S. equities such as the Nasdaq and S&P 500, suggesting that large IPO allocations may come at the expense of flows into more volatile assets.
SpaceX may also introduce direct bitcoin exposure to public market investors. The company holds 8,285 bitcoin—worth roughly $656 million—custodied with Coinbase Prime, making it the first major IPO to feature a sizable bitcoin treasury under fair-value accounting standards introduced in late 2024.
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