SpaceX is preparing what could become the largest initial public offering in history, with a valuation that would place Elon Musk’s rocket company somewhere between $1.75 trillion and $2 trillion.
The IPO could raise up to $75 billion in proceeds, a figure that would dwarf every previous public listing. Nasdaq is reportedly prepared to change its index inclusion rules specifically to accommodate SpaceX’s entry into the Nasdaq-100.
The index problem, explained
Nasdaq is reportedly considering a rule change that would allow SpaceX to be fast-tracked into the Nasdaq-100 within just 15 trading days of its listing. Under current rules, that kind of rapid inclusion would be unusual for any new entrant, regardless of size.
Fast-tracked inclusion would mean index funds would need to start buying SpaceX shares almost immediately, creating a built-in demand floor from day one.
