SpaceX Eyes Record-Breaking IPO, Aims for Nasdaq's Top Index

0:00On March 10, SpaceX is eyeing a massive initial public offering on Nasdaq that could become the largest ever. The rocket company, led by Elon Musk, aims for a valuation around $1.75 trillion, positioning it as the sixth biggest U.S. firm by market value. A key goal is fast entry into the Nasdaq 100 index, which Insiders say is a must for the listing. Nasdaq is pushing a new fast track rule to lower giants like SpaceX. Under this plan, top-value newcomers could join the index in under a month, skipping the usual year-long wait. This change targets other big private players, too, like Enferropic and OpenAI to boost the exchanges appeal. The New York Stock Exchange is in the mix, competing hard for SpaceX's debut, though no final call has been made. Getting into a top index like Nasdaq 100 opens doors to huge institutional investors, who pour in cash for their funds and ramp up stock, liquidity right away.

1:01Past reports confirm SpaceX has talked with index providers about quicker access since February, with an IPO I'd as soon as June. Plans remain fluid and private, but this fits into a hot year for listings from venture backstars. Index inclusion could ease selling pressure from insiders after lockups end, helping stabilize shares amid big trades, as SpaceX gears up for what. Let's see as the IPO event of the year.