SpaceX to Finalize Nasdaq IPO Offering Price on June 11... Targeting $1.5 Trillion Valuation

SpaceX has solidified its move toward the largest initial public offering (IPO) in U.S. history. It aims to finalize the offering price for its Nasdaq listing on June 11, 2026, a strategic move targeting a valuation of $1.5 trillion. Led by Elon Musk, the aerospace giant is expected to begin full-scale trading as early as June 12, following a faster-than-expected review process by the U.S. Securities and Exchange Commission (SEC).

The company is preparing for its Nasdaq debut ahead of its original schedule. As the SEC review progressed rapidly, SpaceX was able to accelerate the timing of its listing, reflecting high market interest. This shortened timeline is stimulating investor sentiment and heightening expectations for its performance on the first day of trading.

This listing will be recorded as one of the most monumental events in the history of the U.S. capital market and will open a new economic chapter for the space industry.

The $1.5 trillion valuation target is receiving significant market attention. This demonstrates that Starlink's satellite communication dominance and Starship's reusable rocket technology, both owned by SpaceX, are receiving overwhelming evaluations in the market. Experts predict that this listing will exert enough influence to reshape the structure of the tech-heavy Nasdaq market.

Governance and Details of the S-1 Prospectus

According to the recently released S-1 registration statement, Elon Musk controls approximately 79% of the voting rights despite holding about a 42% stake. This dual-class voting structure allows Musk to maintain strong control over the company's strategic decision-making even after going public. The public S-1 registration statement issuance period, which began on May 15, is scheduled to continue until May 22, and the market is currently focusing on the detailed figures.

• May 1, 2026: Nasdaq 'Fast Entry' rule takes effect
• May 15–22, 2026: Public S-1 registration statement issuance period
• Week of June 8, 2026: Start of roadshow for institutional investors
• June 11, 2026: Target date for finalizing the IPO offering price
• June 12, 2026: Expected start of trading on the Nasdaq market

The $1.5 trillion valuation is close to the historic market capitalization recorded by Saudi Aramco at the time of its listing in 2019. This suggests that SpaceX is being recognized for its value as a global communications and space infrastructure company, beyond just being a rocket manufacturer. Investors are showing deep interest in whether this IPO can break Saudi Aramco's record.

Prominent investors such as Ron Baron and Cathie Wood highly value SpaceX's long-term growth potential. Baron mentioned that SpaceX is still in the early stages of value creation and predicted that its investment value could increase more than tenfold within the next 10 years. Cathie Wood is also showing strong confidence, with SpaceX being the largest holding in her ARK Venture Fund.

Gap with the Existing Aerospace Industry and Market Strategy

SpaceX's overwhelming valuation stands in stark contrast to the market position of Boeing, an existing industry leader. As of May 6, 2026, Boeing's market capitalization was reported at approximately $181.23 billion, which is only about 12% of SpaceX's target value. In particular, Boeing is under severe financial pressure due to $8 billion in debt that must be repaid within 2026 and a series of production setbacks.

Nasdaq plans to support SpaceX's early inclusion in the Nasdaq-100 index through the 'Fast Entry' rule, which has been in effect since May 1, 2026. This rule has the effect of accelerating the inflow of institutional capital by allowing large-scale IPO companies to be included in the index immediately after listing. SpaceX's choice of Nasdaq over the New York Stock Exchange is interpreted as an intention to combine these institutional advantages with its brand image as a technological innovation company.

The investor roadshow, the final hurdle for listing, is scheduled to begin the week of June 8, 2026. According to SEC regulations, the public registration statement must be disclosed at least 15 days before the start of the roadshow, making the current mid-May period a critical time for investors to closely examine the company's financial health. During this period, the company will conduct final demand forecasting for institutional investors to determine the offering price.

Despite complex geopolitical situations and economic conditions, institutional investors' confidence in SpaceX remains very solid. Cathie Wood's ARK Venture Fund holding its largest position in the company is a prime example of these market expectations. SpaceX's NASDAQ listing is evaluated to be the most significant turning point in the global financial market in 2026.