Elon Musk’s SpaceX is fast-tracking plans for what could become the largest initial public offering in history, with pricing now expected as early as June 11 and a Nasdaq debut to follow shortly after.
According to Reuters, citing people familiar with the matter, the rocket and satellite company has accelerated its IPO timeline following a quicker-than-anticipated review by the U.S. Securities and Exchange Commission. SpaceX is now preparing to release its prospectus as soon as next Wednesday, begin its investor roadshow on June 4, and potentially start trading by June 12.
The revised schedule comes weeks ahead of earlier expectations for a late-June launch, which had loosely coincided with Musk’s birthday. Sources said the expedited SEC process enabled the company to move forward more quickly.
Reuters previously reported that SpaceX is leaning toward listing on Nasdaq, in part due to the exchange’s potential to facilitate faster inclusion in the Nasdaq-100 index.
SpaceX filed its S-1 with the SEC in April and is aiming to raise approximately $75 billion at a valuation of around $1.75 trillion. If achieved, the deal would eclipse Saudi Aramco’s $29 billion IPO in 2019, making it the largest public offering on record.
The scale of the listing is already sparking debate across Wall Street over its potential impact on global capital markets. Analysts expect a deal of this size to drive significant passive inflows, trigger sector rebalancing across major indexes, and potentially divert liquidity from other asset classes.
MSCI noted in a February scenario analysis that megacap IPOs anticipated in 2026 could channel billions of dollars into passive investment strategies, reshaping index allocations and pulling capital away from markets outside newly listed companies.
Cryptocurrency markets could also feel secondary effects, as they increasingly trade alongside high-growth equities within a shared speculative capital pool. Over recent cycles, bitcoin, ether, and other major digital assets have shown stronger correlations with benchmarks such as the Nasdaq and S&P 500, raising the possibility that large IPO allocations could reduce flows into more volatile assets like crypto.
SpaceX may also bring direct bitcoin exposure to public equity investors. The company reportedly holds 8,285 bitcoin—valued at roughly $656 million—custodied with Coinbase Prime. The listing would mark the first IPO of a company with a sizable bitcoin treasury disclosed under fair-value accounting standards introduced in late 2024
