SpaceX is accelerating preparations for what would be the largest initial public offering in history, with people familiar with the plans saying the company is aiming to price the deal as early as June 11 and begin trading on Nasdaq around June 12.
The rocket and satellite company submitted a confidential S-1 filing to the Securities and Exchange Commission in April and is seeking to raise roughly $75 billion at a valuation of about $1.75 trillion, according to multiple reports.
An offering of that size would dwarf the previous record, the $29 billion flotation of Saudi Aramco in 2019, and rank as the biggest stock-market debut ever completed.
The public version of the prospectus is expected to be filed between May 18 and 22, with an investor roadshow planned for the week of June 8. SpaceX has selected Nasdaq as its listing venue.
The scale of the deal has prompted debate on Wall Street over its effect on the wider market. MSCI warned in a February analysis that megacap listings expected in 2026 could trigger billions of dollars in passive investment flows, force reallocations across benchmark indexes and drain liquidity from other stocks.
Some analysts have urged caution. The investor Jim Cramer this week warned of speculative excess in the IPO market, pointing to a run of large, richly valued debuts as a sign that enthusiasm may be running ahead of fundamentals.