SpaceX just cleared the last regulatory gate standing between it and the public markets. The SEC declared the company’s S-1 registration statement effective on June 11, paving the way for pricing later that same day and a Nasdaq debut on June 12 under the ticker SPCX.
The target valuation: approximately $2 trillion.
How we got here
The road to this moment has been methodical, if brisk by IPO standards. SpaceX confidentially filed a draft S-1 with the SEC on April 1. The public filing followed on May 20, giving investors their first detailed look at the company’s financials and structure.
An amended S-1 landed on June 3, bringing notable updates. Among them: details on a $1.25 billion monthly credit facility and a disclosed collaboration with Tesla, Elon Musk’s electric vehicle company.
