SpaceX is set to launch what is anticipated to be the largest initial public offering (IPO) in history. According to reports, the rocket company, led by Elon Musk, plans to list on the Nasdaq as early as June 12, aiming to raise up to $80 billion or more.

Sources indicate that advisors initially projected a listing around June 17, but the schedule has been moved forward recently. However, these plans remain subject to change. This IPO is among the most highly anticipated in recent years and is expected to be a highlight in this year's busy IPO calendar, which may also feature major artificial intelligence firms like Anthropic and OpenAI.

SpaceX is expected to trade under the ticker symbol "SPCX." The company has accelerated its IPO timeline, now planning to file its public prospectus as early as next Wednesday. It aims to begin its roadshow by June 4 and commence the share sale as soon as June 11.

The company prefers a Nasdaq listing as it seeks to be included in the Nasdaq-100 index at the earliest opportunity. This listing would represent a significant victory for Nasdaq, allowing it to outpace its cross-town rival, the New York Stock Exchange.

Nasdaq has previously introduced a notable "fast entry" rule designed to expedite the inclusion of newly listed large companies into its benchmark Nasdaq-100 index. Other leading index providers, such as S&P Dow Jones Indices and FTSE Russell, have implemented similar rules to accelerate the addition of new companies to their respective benchmark indices, aiming to significantly boost IPO activity.

To meet a June 12 listing date, SpaceX will likely need to make its IPO documents public by the middle of next week. Investors have been eagerly awaiting details, including financial statements, specifics on SpaceX's various business segments—which now incorporate the recently added xAI artificial intelligence unit—and the company's equity structure.

In a related move, SpaceX shareholders were notified on Friday that the company is executing a 5-for-1 stock split. This action will reduce the price per share that investors need to pay in the upcoming IPO. As a result of the split, the current fair market value per share has been adjusted from $526.59 to approximately $105.32.

Furthermore, Elon Musk has stated that he will not sell any of his SpaceX shares. "I'm not selling a single share," Musk wrote in a response on the X platform to a user who had previously suggested he reduce his holdings after the lock-up period ends.