By Echo Wang and Anirban Sen
NEW YORK, May 15 (Reuters) – SpaceX, Elon Musk’s rocket and satellite maker, aims to list its shares as soon as June 12 and has chosen the Nasdaq as the trading venue for its successful market debut, people familiar with the matter told Reuters on Friday.
The listing, one of the most anticipated in years, is expected to headline this year’s crowded IPO calendar that could also include AI heavyweights Anthropic and OpenAI, both of which are expected to tap the public markets.
SpaceX’s debut comes at a crucial time for the IPO market, which has recovered after struggling for the past few years amid volatility fueled by US tariff policy and geopolitical uncertainty.
The company, which will trade under the symbol ‘SPCX’, has accelerated the timeline for its initial public offering and now aims to make its prospectus public next Wednesday, with a roadshow launch planned for June 4 and a share sale as early as June 11, according to three sources familiar with the matter.
The new IPO plan during the second week of June represents a faster-than-expected timeline for SpaceX’s offering, advancing a process that had initially been planned for late June, around the time of Musk’s birthday, the sources said, requesting anonymity as the discussions are private.
A faster-than-expected review of the company’s IPO paperwork by the U.S. Securities and Exchange Commission was partially responsible for the company’s decision to move up the listing timeline, the sources added.
SPCX was previously the symbol for Tuttle Capital Management’s SPAC-focused ETF before the company switched to the symbol SPCK in April. The move at the time sparked speculation that SpaceX might choose the newly available symbol.
Reuters first reported in March that SpaceX was leaning toward listing its shares on the Nasdaq as it sought early inclusion in the Nasdaq-100 index.
SpaceX did not immediately respond to requests for comment. Nasdaq and the SEC declined to comment.
MARKET OFFER
The listing would mark a big win for Nasdaq, staving off competition from its cross-town rival, the New York Stock Exchange.
It comes on the heels of Nasdaq’s recent launch of its much-anticipated “express entry” rules to speed up the entry of newly listed large-cap companies into its benchmark Nasdaq-100 index. Other leading index operators such as S&P Dow Jones Indices and FTSE Russell have also launched similar rules to accelerate new listings in their respective benchmark indices, seeking to boost the IPO pipeline.