SpaceX accelerates IPO timeline, targets June 12 Nasdaq listing

Elon Musk's space company SpaceX has pulled forward its initial public offering, according to a report from Investing.com citing Reuters. The company is targeting pricing as early as June 11 and a Nasdaq debut on June 12, roughly two months ahead of the late-summer window previously floated. Bankers are said to be working through the weekend to lock the schedule.

Sources say Wall Street is keen to lock in the late-spring market window. Friday's pullback in high-valuation Nasdaq names and the renewed move higher in Treasury yields underline how time-sensitive the pricing has become. SpaceX could come to market at a valuation north of 350 billion dollars, above the level set in its most recent private rounds.

A successful float would be the biggest US listing of the year and could pull other rocket and satellite operators behind it. SpaceX is preparing a registration draft that highlights rising cash flow from Starlink consumer broadband and a steady commercial launch cadence. Final terms still depend on a formal filing; the company has not commented.