finance
SpaceX Files for IPO and Joins Major Indexes
Proposed rule changes may allow faster inclusion of SpaceX in major stock indexes after an initial public offering. The changes could create an initial share price increase for investors who receive allocations.
May 25, 5:40 AM·1m read1 source
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Proposed changes to Nasdaq listing rules could allow SpaceX to join the Nasdaq-100 index as soon as 15 days after an IPO. Similar expedited inclusion may also apply to the S&P 500 under separate proposals. A post on X stated that SpaceX is valued at $2 trillion while reporting $6.6 billion in earnings and $18.7 billion in revenue.
The same post noted that index inclusion and distribution arrangements could produce an initial share price increase for investors allocated shares.
The proposed Nasdaq rule would shorten the standard waiting period for new public companies to join the index. Goldman Sachs Group Inc. and Morgan Stanley are identified as firms that could handle share distribution. The post questioned whether the current private valuation is supported by the reported financial results.
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