SpaceX is speeding up its plans for that long-anticipated initial public offering, and there's a chance it could start trading on the NASDAQ Composite as soon as June 12, under the ticker SPCX, as reported by Reuters.
The company's expected to make an official announcement about the offering this week, with investor meetings kicking off on June 4. Pricing could happen on June 11.
They're aiming for a valuation around $1.75 trillion, which would rank it among the largest IPOs ever and might pull in about $75 billion.
This move comes after several strategies aimed at boosting SpaceX's growth, like its merger with xAI and partnerships with big names like Alphabet and Anthropic on projects related to orbital AI data centers.
If this IPO goes through, it'll be the first chance for investors to grab shares in Elon Musk's rocket and satellite company on the public market.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.