SpaceX Sets Sights on June 12 for Record-Breaking $1.75 Trillion IPO on Nasdaq
SpaceX is fast-tracking its initial public offering (IPO) timeline, potentially making its Nasdaq debut as early as June 12, 2026, according to insiders familiar with the matter who spoke to Reuters. The company is anticipated to publicly announce the date by next Wednesday, setting the stage for the largest IPO in stock market history.
The aerospace behemoth has scheduled a roadshow for June 4 and plans to set share pricing on June 11, with trading set to commence under the ticker symbol SPCX. This expedited timeline follows a quicker-than-anticipated review of SpaceX’s IPO paperwork by the Securities and Exchange Commission.
SpaceX is aiming for a valuation between $1.75 trillion and $2 trillion, while seeking to raise approximately $75 billion. The company, which merged with Elon Musk’s AI firm xAI in February 2026, offers space launch services (Falcon 9, Falcon Heavy, Starship), the Starlink satellite internet constellation, and AI infrastructure. Combined revenue for 2025 reached approximately $18.67 billion, a significant increase from $9.7 billion in 2023.
The IPO includes an unprecedented 30% retail allocation, representing roughly $22.5 billion of the total raise—the largest retail tranche in IPO history. Lead underwriters include Morgan Stanley, Goldman Sachs, JPMorgan, Citigroup, and Bank of America.
Source: Drive Tesla Canada