SpaceX, the rocket and satellite manufacturer led by Elon Musk, has advanced the timeline for a proposed initial public offering and is planning to price the sale of shares as early as June 11, with Nasdaq chosen as the preferred exchange for the listing, people familiar with the matter said.
Those people said the company is preparing to release its prospectus as soon as next Wednesday, and is aiming to start a traditional investor roadshow on June 4. If the plan proceeds on the current accelerated timetable, SpaceX could make its market debut as early as June 12.
The updated timetable represents a clear pull-forward from an earlier schedule that had targeted a late-June process - a window that had been roughly aligned with Elon Musk's birthday, the sources said. The acceleration was driven in part by what people described as a faster-than-expected review by the U.S. Securities and Exchange Commission of the company's filing.
Sources also noted that the company had been weighing exchanges and that it has settled on Nasdaq as the listing venue, a decision that had previously been reported in March when the firm was said to be seeking early inclusion on the Nasdaq 100 index.
Requests for comment sent to the company did not receive an immediate response, and Nasdaq declined to comment on the listing plans, according to the people familiar with the matter.
The timeline described by those familiar with the discussions remains contingent on procedural steps and the ongoing regulatory review. The people who provided the details requested anonymity because the conversations are private.
As the company prepares for a potentially rapid sequence of public filings, prospectus publication, and investor roadshows, market participants and observers will watch closely to see whether the schedule holds and how quickly the listing proceeds once formal steps are completed.
Summary: SpaceX has accelerated its IPO schedule, with plans to price as early as June 11 and list on Nasdaq. The company aims to publish its prospectus next Wednesday, launch a roadshow on June 4, and could begin trading as early as June 12. A faster-than-expected SEC review helped prompt the change; the firm previously appeared to favor Nasdaq in part to target early inclusion in the Nasdaq 100. SpaceX and Nasdaq did not provide immediate comments.