Elon Musk's space venture, SpaceX, is reportedly planning its public market debut with a June 12 Nasdaq listing, while a 5-for-1 stock split lowers the per-share price.
SpaceX IPO Timeline Moves Ahead Faster Than Expected Musk's company plans to trade under the ticker "SPCX." The space venture could publicly file its prospectus as early as next week, with a roadshow beginning June 4 and pricing expected around June 11, Reuters reported Friday, citing people familiar with the matter. 5-for-1 Stock Split Lowers Share Price For Investors SpaceX has also informed shareholders of a 5-for-1 stock split, reducing its fair market value per share from about $526.59 to $105.32, Bloomberg reported on Friday.
SpaceX did not immediately respond to Benzinga's request for comments.
Read Also: SpaceX, OpenAI, And Anthropic's Exit Wave Could Trigger A Private Market Repricing Potentially Largest IPO Ever At $1.75 Trillion Valuation SpaceX is aiming for a $75 billion raise at an estimated valuation of $1.75 trillion.
The valuation marks a major jump from its prior $1.25 trillion combined valuation after its merger with Musk's AI venture xAI in February earlier this year.
