BlockBeats News, May 16th, according to Reuters, sources said SpaceX is set to determine the initial public offering (IPO) price as early as June 11th, with the stock set to debut on June 12th.
SpaceX will choose Nasdaq as the venue for its IPO, and the SpaceX stock will trade under the symbol "SPCX."
Earlier, according to CNBC, SpaceX plans to unveil its IPO prospectus as early as next week, with the goal of starting a global roadshow on June 8th to formally introduce the deal to investors. The company secretly submitted its IPO application in April this year.
This IPO is expected to be the largest ever. In February this year, following the merger with Elon Musk's AI company xAI, SpaceX's post-merger entity was valued at $1.25 trillion. The company is reportedly targeting an IPO fundraising of around $700 billion to $750 billion, more than twice the record set by Saudi Aramco in 2019. SpaceX's IPO valuation expectations have surged from $1.75 trillion to $2 trillion.
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