Reports from The Wall Street Journal and Reuters on June 2 narrow SpaceX's IPO valuation target to roughly 1.75 trillion dollars, inclusive of a greenshoe option. The offering remains structured as all-primary shares with an unchanged fundraising goal of approximately 75 billion dollars.
Pricing is expected to occur on June 11, followed by the first trade on June 12 on Nasdaq under the ticker SPCX. No alterations to the dual-class share structure or employee directed share program appear in the latest filings referenced by these outlets.
Morningstar has initiated coverage with a fair-value estimate of 780 billion dollars. The firm cites elevated multiples relative to current revenue projections as a factor supporting its lower assessment.
These details reflect consensus from multiple June 2 sources and remain subject to final confirmation at pricing. Canadian investors considering indirect exposure through U.S. listings should note that any participation would occur via established brokerage channels on Nasdaq.
Key timeline elements include:
- Valuation target set at approximately 1.75 trillion dollars
- Pricing announcement anticipated June 11
- First trading day scheduled for June 12
Further updates on offer price and demand indicators are expected to emerge closer to the pricing date.