๐ SpaceX Targets June 11 IPO Pricing, Nasdaq Debut June 12
โน๏ธ Elon Muskโs rocket giant is racing toward the biggest IPO in history after a faster-than-expected SEC review.
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Accelerated Timeline
โถ๏ธ SpaceX now aims to price the deal June 11 and start trading on Nasdaq as early as June 12.
โถ๏ธ The roadshow kicks off June 4, weeks ahead of the original late-June plan tied to Muskโs birthday. Nasdaq was chosen partly to secure faster Nasdaq-100 inclusion.
๐ฐ Historic Scale
โถ๏ธ Seeking $75B at a โผ$1.75T valuation, the IPO would dwarf Saudi Aramcoโs $29B record.
โถ๏ธ MSCI warns megacap IPOs could trigger billions in passive flows, shift sector weightings, and drain liquidity from other equities and crypto.
โฟ Bitcoin Exposure in Public Markets
โถ๏ธ SpaceX holds 8,285 BTC worth โผ$656M in Coinbase Prime custody.
โถ๏ธ This would make it the first major IPO with a disclosed bitcoin treasury under fair-value accounting rules.
โถ๏ธ Analysts note cryptoโs rising correlation with Nasdaq/S&P 500 means a huge IPO allocation could pull speculative capital away from BTC, ETH, and other tokens.
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