SpaceX Is Aiming to Go Public on June 12 in What Stands to Be Biggest IPO Ever -- WSJ

Dow Jones05-16

By Corrie Driebusch

SpaceX is aiming to go public on June 12, according to people familiar with the matter, setting the stage for what is expected to be the biggest initial public offering of all time.

Elon Musk's rocket company is aiming to raise as much as $80 billion or more. It is expected to list on the Nasdaq, some of the people said.

At one point, advisers on the deal had expected it to debut on or around June 17, but the timing was recently accelerated, the people said. It could still change.

If it proceeds as planned, SpaceX's debut will come soon after artificial-intelligence chip maker Cerebras's splashy IPO this week that raised around $5.6 billion. Its shares closed up 68% on its first day of trading Thursday, underscoring the ravenous investor demand for AI-related offerings.

For a June 12 debut, SpaceX would likely need to make its IPO paperwork public by the middle of next week. Investors have been eager to pore over the details, which will include financial statements, details of SpaceX's various businesses -- including the recently added xAI artificial-intelligence business -- and the ownership structure.

Reuters earlier reported on SpaceX's planned timing and noted it is expected to trade under the ticker "SPCX."

Write to Corrie Driebusch at corrie.driebusch@wsj.com

(END) Dow Jones Newswires

May 15, 2026 15:42 ET (19:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It is expected to list on the Nasdaq, some of the people said. \n\n\n  At one point, advisers on the deal had expected it to debut on or around June 17, but the timing was recently accelerated, the people said. It could still change. \n\n\n  If it proceeds as planned, SpaceX's debut will come soon after artificial-intelligence chip maker Cerebras's splashy IPO this week that raised around $5.6 billion. Its shares closed up 68% on its first day of trading Thursday, underscoring the ravenous investor demand for AI-related offerings. \n\n\n  For a June 12 debut, SpaceX would likely need to make its IPO paperwork public by the middle of next week. 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