SpaceX accelerates IPO timeline, sets June 11 price on Nasdaq

SpaceX accelerates IPO timeline, sets June 11 price on Nasdaq

Elon Musk’s rocket and satellite maker SpaceX is pricing its blockbuster initial public offering as early as June 11 and has chosen Nasdaq as its listing venue, people familiar with the matter told Reuters on Friday.

SpaceX has accelerated its IPO timeline and now aims to flip its prospectus to the 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.

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The accelerated schedule moves forward a process that was originally planned for 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 filings partially pushed the timeline forward, they added. Reuters first reported in March that SpaceX was leaning toward listing its shares on the Nasdaq, as it sought initial inclusion in the Nasdaq 100 index.

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

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