🚀 SpaceX Targets June 11 IPO Pricing, Nasdaq Debut June 12

⏹️ Elon Musk’s rocket giant is racing toward the biggest IPO in history after a faster-than-expected SEC review.

📅 Accelerated Timeline
▶️ SpaceX now aims to price the deal June 11 and start trading on Nasdaq as early as June 12.
▶️ The roadshow kicks off June 4, weeks ahead of the original late-June plan tied to Musk’s birthday. Nasdaq was chosen partly to secure faster Nasdaq-100 inclusion.

💰 Historic Scale
▶️ Seeking $75B at a ∼$1.75T valuation, the IPO would dwarf Saudi Aramco’s $29B record.
▶️ MSCI warns megacap IPOs could trigger billions in passive flows, shift sector weightings, and drain liquidity from other equities and crypto.

₿ Bitcoin Exposure in Public Markets
▶️ SpaceX holds 8,285 BTC worth ∼$656M in Coinbase Prime custody.
▶️ This would make it the first major IPO with a disclosed bitcoin treasury under fair-value accounting rules.
▶️ Analysts note crypto’s rising correlation with Nasdaq/S&P 500 means a huge IPO allocation could pull speculative capital away from BTC, ETH, and other tokens.

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