SpaceX Aims for Nasdaq IPO Pricing on June 11, Accelerates Timeline

Deep News03:01

According to sources on Friday, Elon Musk's rocket and satellite manufacturing company, SpaceX, plans to price its highly anticipated initial public offering (IPO) as early as June 11 and has selected the Nasdaq for its listing.

Three individuals familiar with the matter stated that SpaceX has accelerated its IPO schedule. The current target is to publicly file its prospectus as early as next Wednesday, May 20, with the roadshow expected to commence on June 4 and trading to begin as early as June 12.

These sources indicated that the expedited timeline moves the process forward from its original plan for late June, around the time of Elon Musk's birthday. They added that the U.S. Securities and Exchange Commission's (SEC) review of the company's listing application documents has progressed faster than anticipated, contributing to the earlier schedule.

It was previously reported in March that SpaceX favored a listing on the Nasdaq, as the company aims for early inclusion in the Nasdaq 100 index.

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