SpaceX speeds up IPO, aims for June 11 Nasdaq pricing

SpaceX, Elon Musk’s rocket and satellite company, plans to price its major initial public offering as soon as June 11 and has chosen Nasdaq for the listing, sources told Reuters Friday.

SpaceX has accelerated its IPO timeline and is now aiming to flip its prospectus public as early as next Wednesday, with a roadshow launch targeted for June 4 and a market debut as early as June 12, according to three people familiar with the matter, News.Az reports, citing Reuters.

The accelerated schedule pulls forward a process that had originally been planned for around late June, around Elon Musk’s birthday, the people said, asking not to be identified because the discussions are private. A faster-than-expected SEC review of the company’s filing partially drove the timeline forward, they added.

Reuters was first to report in March that SpaceX was leaning toward listing its shares on Nasdaq, as it sought early inclusion on the Nasdaq 100 index.

SpaceX did not immediately respond to requests for comment. Nasdaq declined to comment. 

News.Az 

By Ulviyya Salmanli