SpaceX Files $75B IPO at $1.75T Valuation, Secures 15-Day Nasdaq Entry
SpaceX confidentially filed for a $75B IPO valuing the company at $1.75T—triple Alibaba’s 2014 U.S. record. A new Nasdaq Fast Entry rule could add SpaceX to Nasdaq-100 funds within 15 days by waiving the 10% public float requirement.
1. IPO Filing Details
SpaceX has submitted a confidential IPO registration to raise up to $75 billion by offering a portion of its equity at a target valuation of $1.75 trillion, more than tripling the U.S. IPO record set in 2014.
2. Nasdaq Fast Entry Rule
Nasdaq’s new Fast Entry rule reduces the inclusion waiting period for top-40 market-cap listings from three months to 15 trading days and removes the 10% public float requirement for immediate index eligibility.
3. Index Inclusion and ETF Impact
At a $1.75 trillion valuation, SpaceX would rank among the top ten Nasdaq-100 constituents day one, triggering required purchases by index-tracking ETFs and funds representing over $1.4 trillion in combined exposure.
4. Insider Liquidity Concerns
With as little as a 5% public float—roughly $87.5 billion of tradable stock—critics warn that early-stage insiders could capitalize on passive ETF demand when standard 90- to 180-day lockups expire to exit large positions.