Elon Musk's rocket and satellite manufacturing company SpaceX plans to price its high-profile initial public offering (IPO) as early as June 11 and has selected Nasdaq for a listing, people familiar with the matter said on Friday.
Three people familiar with the matter said that SpaceX has accelerated its IPO timetable and currently aims to make its prospectus public as early as next Wednesday (May 20). The road show is planned to start on June 4 and the company will be listed for trading on June 12 at the earliest.
The accelerated timeline moves forward a process originally planned for late June, around Elon Musk’s birthday, these people said. They added that a faster-than-expected review of the company's IPO filings by the U.S. Securities and Exchange Commission (SEC) was part of the reason for the earlier timeline.
It was first reported in March that SpaceX was leaning toward listing on Nasdaq as the company hoped to be included in the Nasdaq 100 Index as soon as possible.