SpaceX is pushing for a Nasdaq listing on June 12, with plans to price shares the day before, according to a single source. The rocket and satellite firm is targeting a staggering valuation of up to $1.75 trillion, which would make it the largest initial public offering in history.
The accelerated timeline marks a dramatic shift for the company, which has long been private under founder Elon Musk. A public debut of this scale would inject massive liquidity into one of the most closely watched private enterprises in the space industry, reshaping investor access to commercial spaceflight.
The targeted valuation of up to $1.75 trillion is a significant jump from SpaceX's last private fundraising rounds, which valued the company at around $150 billion. This figure, if realized, would dwarf the IPOs of tech giants like Alibaba and Meta.
A successful listing could unlock capital for SpaceX's ambitious projects, including the Starship rocket and Starlink satellite internet expansion. However, the offering's size could pressure market demand and regulatory scrutiny, especially given the company's heavy reliance on government contracts.
Critics may question whether the valuation is sustainable given SpaceX's cyclical revenue streams and the inherent risks of space exploration. The timeline remains ambitious, and any delays could cool investor enthusiasm.