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Elon Musk’s SpaceX Eyes $1.75T Nasdaq IPO on Early Index Membership
Billionaire Elon Musk’s SpaceX space company may consider filing its blockbuster $1.75 trillion initial public offering (IPO) on Nasdaq if granted early entry into the Nasdaq 100 index, according to Reuters.
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People familiar with the matter told the outlet the private space giant is looking to ride on fast-entry changes proposed by Nasdaq last month. Nasdaq’s new rules, if implemented, could see eligible, newly listed companies join top indices in under a month rather than waiting for up to a year.
The Nasdaq-100 is a tech-heavy index that tracks 100 of the largest non-financial companies listed on Nasdaq. The benchmark is heavily influenced by index leaders such as Nvidia NVDA +2.72% ▲ , Apple AAPL +0.94% ▲ , Microsoft MSFT +0.11% ▲ , Meta META +0.39% ▲ , Alphabet GOOGL +2.70% ▲ , and Tesla TSLA +0.49% ▲ .
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