Intercontinental Exchange Vies to Host $1.75T SpaceX IPO, Secures $25B OKX Deal
Intercontinental Exchange is competing to host SpaceX’s potential June IPO that could value the company near $1.75 trillion. Deutsche Bank upgraded the company to Buy with a $188 target after investing in OKX at a $25 billion valuation, securing a board seat and crypto data license for regulated futures.
1. SpaceX IPO Competition
Intercontinental Exchange’s New York Stock Exchange is vying to host SpaceX’s potential initial public offering as soon as June, with talks exploring a listing that could value the company near $1.75 trillion. Early inclusion in the Nasdaq-100 Index is a major consideration in SpaceX’s exchange selection process.
2. Deutsche Bank Upgrade
On March 6, Deutsche Bank raised its rating on Intercontinental Exchange to Buy from Hold and set a $188 price target, reflecting bullish expectations for the company’s diversified market infrastructure and growth opportunities.
3. OKX Investment and Crypto Strategy
Intercontinental Exchange invested in cryptocurrency exchange OKX at a $25 billion valuation, earning a board seat and partnering to license spot crypto data. The collaboration aims to develop U.S.-regulated crypto futures, enhanced clearing and risk management, multi-chain custody solutions and institutional market access.