SpaceX targets a June 11 IPO pricing, with Nasdaq tapped for its high-profile debut.

Elon Musk’s SpaceX is advancing plans for a record-setting IPO, with the company now targeting pricing as early as June 11 and a Nasdaq debut potentially the following day.

According to Reuters, which cited sources familiar with the matter, the rocket and satellite firm has accelerated its timeline after moving through the U.S. Securities and Exchange Commission review process faster than expected. SpaceX is preparing to publish its prospectus in the coming days, begin its investor roadshow on June 4, and could start trading as early as June 12.

The updated schedule brings the offering forward from an earlier late-June target, which had loosely aligned with Musk’s birthday. Sources said the quicker regulatory turnaround enabled the company to fast-track its listing.

Nasdaq is expected to host the IPO, a move that could support quicker inclusion in the Nasdaq-100 index and attract early passive investment flows.

SpaceX filed its S-1 in April and is seeking to raise approximately $75 billion at a valuation of around $1.75 trillion. At that level, the offering would surpass Saudi Aramco’s 2019 debut to become the largest IPO ever.

The scale of the deal is already prompting discussion across financial markets about its potential impact on capital allocation. Analysts say an IPO of this size could drive significant inflows into index-tracking funds, trigger portfolio rebalancing, and divert liquidity from other asset classes.

MSCI has previously warned that mega-cap IPOs expected in 2026 could pull billions into passive strategies, reshaping benchmark weightings and reducing capital flows to assets outside newly listed firms.

Digital asset markets may also be affected. Bitcoin, ether, and other major cryptocurrencies have shown increasing correlation with U.S. equities such as the Nasdaq and S&P 500, suggesting that large IPO allocations could weigh on flows into more speculative segments.

At the same time, SpaceX could introduce direct bitcoin exposure to public market investors. The company holds 8,285 bitcoin—valued at roughly $656 million—custodied with Coinbase Prime, making it the first major IPO to feature a meaningful bitcoin treasury under fair-value accounting standards introduced in late 2024.