Elon Musk’s rocket and satellite maker SpaceX is reportedly leaning toward listing its shares on the Nasdaq for what could be the biggest IPO ever. The company is seeking a valuation of around $1.75 trillion, which would rank it as the sixth-largest company in the U.S. Sources indicate that early inclusion in the Nasdaq 100 is a primary goal.
SpaceX has reached a level of maturity that few private companies ever achieve, with multiple profitable business lines. The Starlink satellite network and the company’s commercial launch services have created a robust and diversified revenue stream. This technological lead is a key factor in the company’s upcoming public market entry.
Nasdaq has proposed a new “Fast Entry” rule that could speed up the addition of newly listed megacap companies to the Nasdaq 100. Under this rule, SpaceX would be eligible for accelerated inclusion in just under a month. This is a critical factor for the company, as it seeks to attract large institutional investors from day one.
The listing of SpaceX is expected to provide a major boost to the Nasdaq 100, adding a significant amount of market weight to the index. It provides investors with a way to bet on the future of global infrastructure and satellite technology. The IPO is likely to be the most significant financial event of the decade.
While the NYSE is also in the running, the Nasdaq’s focus on high-growth technology brands makes it the preferred venue for now. The discussions are currently confidential, and the final timeline could shift based on market conditions. However, the momentum for a mid-year launch continues to build.