NEW YORK, May 15 – Elon Musk's rocket and satellite maker SpaceX is accelerating its initial public offering and plans to list on the Nasdaq, sources familiar with the matter told Bond.az.
The company is targeting a pricing as early as June 11 and a market debut on June 12, trading under the ticker 'SPCX'. The accelerated timeline follows a faster-than-expected SEC review of IPO documents.
SpaceX aims to raise about $75 billion at a valuation of roughly $1.75 trillion, which would be the largest stock market flotation in history.
Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs are leading the offering, with 16 other banks in supporting roles.
