Elon Musk has indicated long-time Tesla investors could receive pre-IPO SPARC units or other allocations to participate in SpaceX’s proposed $50 billion offering, rewarding loyalty and potentially increasing Tesla stock demand. Details on eligibility criteria and allocation mechanism remain undecided, with a SPARC merger structure under consideration to facilitate the transaction.

SpaceX is seeking early inclusion in the Nasdaq 100 index as a listing condition to ensure passive fund inflows and allow insider selling, a move that guarantees support from index-tracking vehicles. Investment manager Ross Gerber criticized the demand as “highly unusual,” warning it circumvents standard market price discovery and could distort initial trading dynamics.

Rumors point to a June 2026 IPO targeting $50 billion in fresh capital and a confidential SEC filing to streamline the process and control post-IPO narrative. Valuation estimates near $1.5 trillion would make it the largest IPO in history, with proceeds earmarked for Starlink expansion, Starship development and xAI compute infrastructure deployment.