SpaceX confidential IPO targets $1.75T valuation, 15-day Nasdaq entry
SpaceX filed confidentially for an initial public offering targeting a $1.75 trillion valuation and raising up to $75 billion. Nasdaq’s new Fast Entry rule could force SpaceX into 401(k) portfolios within 15 trading days despite a potential 5% float and expose insiders to large post-lockup sell-offs.
1. IPO Filing and Valuation
SpaceX confidentially filed for an IPO on April 1 seeking a $1.75 trillion valuation and up to $75 billion in proceeds.
2. Nasdaq Fast Entry Rule
Nasdaq’s new Fast Entry rule reduces index inclusion waiting period to 15 trading days and waives the 10% public float requirement for top-40 market cap listings, compelling major ETFs and index funds to purchase SpaceX shares almost immediately.
3. Insider Float and Lockup Concerns
With a projected public float of just 5% (around $87.5 billion), SpaceX faces potential volatility as insiders controlling most shares can sell into passive demand once 90- to 180-day lockup periods expire.