SpaceX is about to become the most valuable company to ever go public, and it won’t have to wait in line to join the indexes that matter most to institutional money.
MSCI announced on June 8 that it will apply its existing early inclusion rules for large IPOs to SpaceX’s Global Standard Indexes ahead of the company’s Nasdaq debut on June 12. Under this fast-track process, SpaceX is expected to be added to the indexes roughly ten trading days after it starts trading. For context, most newly public companies wait months for their first scheduled index rebalance.
The numbers behind the biggest IPO in history
SpaceX is targeting a valuation of approximately $1.75 trillion, with the offering expected to raise around $75 billion. That would make it the largest initial public offering ever, by a considerable margin.
The final IPO price is scheduled to be set on June 11, one day before trading begins. Only about 7% of SpaceX shares are expected to be available as free float, meaning the vast majority of the company’s equity stays locked up with insiders, including CEO Elon Musk.
