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Elon Musk has pushed SpaceX’s IPO plans back into focus after saying the company needs to move its listing work forward ‘pretty soon.’ The comment came as reports said the rocket and satellite company could target a June NASDAQ debut, although the timing still depends on filings, investor demand, and market conditions.
SpaceX could make its public IPO filing available in mid-May after earlier confidential paperwork, according to reports. The company has reportedly chosen NASDAQ and may list under the ticker 'SPCX,’ with share pricing discussed for June 11 and trading possible ‘as early as’ June 12.
The reported schedule also points to an investor roadshow around June 4. However, those dates remain proposed dates rather than a final listing notice. SpaceX has not issued a public statement confirming each step, and Reuters said the company did not immediately comment on the split report.
Musk addressed the listing process during a virtual appearance at the Samson International Smart Mobility Summit in Tel Aviv. He said he was back in Texas because ‘we have got to get the SpaceX IPO stuff going here pretty soon.’
The wording gave investors a clear sign that IPO work remains active. However, it did not confirm final pricing, share count, or the exact date for public trading. Reports still describe the offering as subject to regulatory review and market conditions.
SpaceX has grown through launch services, Starlink satellite internet, and government contracts. It also remains active in US space and defense work. Those business lines are expected to receive close review once the S-1 filing becomes public.
BlackRock is reportedly in talks to invest between $5 billion and $10 billion as an anchor investor in the IPO. Such a purchase would place a large institutional buyer near the center of the offering before public trading starts.
Reports have also linked Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs to the planned listing. According to analysts, Wall Street banks could earn large fees from the IPO, with some estimates reaching about $1 billion if the offering reaches its reported size.
The planned raise could reach about $75 billion, while valuation reports range from about $1.75 trillion to $2 trillion. Those numbers would place the deal above past global IPO records. Still, final valuation will depend on shares sold, roadshow demand, and the final IPO price.
SpaceX shareholders have approved a 5-for-1 stock split, according to Bloomberg reporting cited by Reuters. The split adjusted the fair market value per share to about $105.32 from $526.59 and is expected to complete by May 22.
The split does not change ownership percentages. However, it lowers the per-share value before the IPO and may make the listing easier for retail buyers to access. Reports have also said Musk wants to reserve up to 30% of IPO shares for individual investors.
Musk has said he will not sell SpaceX shares. In a post on X, he wrote, “I’m not selling any shares,” after a user mentioned selling after a lockup period. Reports also say SpaceX may use a dual-class share structure, with Class B shares carrying 10 votes each.
Also Read: SpaceX IPO Faces Union Pressure Over Valuation and Disclosure Concerns
