The biggest IPO in history is coming! SpaceX confirms the "target date" for listing: June 12th.

SpaceX is accelerating its process of going public, aiming for the largest IPO in history. Local time on Friday, The Wall Street Journal reported, citing sources, that Elon Musk's rocket company SpaceX is planning to officially go public on June 12th, with expected funds raised of up to $80 billion or even more, with the Nasdaq as the listing location. If the plan progresses smoothly, this will be the largest IPO in global capital markets history. The funds raised in this round will mainly be used to drive the large-scale launch plans of the "Starship" project and build a data center network in near-earth orbit. According to Reuters, SpaceX has significantly advanced its original schedule - originally planned to complete the IPO process around late-June (around Musk's birthday), it has now been adjusted to publicly file its prospectus as early as next Wednesday, start roadshows on June 4, and officially go public on June 12. The progress of the Securities and Exchange Commission (SEC) review of the relevant documents is faster than expected, which is a partial reason for the acceleration of this process. Ahead of schedule, prospectus disclosure imminent It was previously estimated by the advisory team that SpaceX would go public around June 17, but the timeline has been moved up recently. If they maintain the goal of going public on June 12, SpaceX will need to publicly file an IPO registration statement by mid-next week at the latest. Investors are highly interested in the content of the prospectus. The relevant documents will cover financial statements, details of SpaceX's various business sectors - including the recently added xAI artificial intelligence business - and company ownership structure. According to previous media reports, SpaceX leans towards listing on the Nasdaq, partly because the company hopes to be included in the Nasdaq 100 index as soon as possible. One of the highlights of this IPO is that SpaceX has incorporated xAI, Musk's AI company, into its business portfolio. The prospectus will disclose the financial details of this business to the public for the first time, providing important reference for investors to evaluate SpaceX's overall valuation. Sources caution that the above schedule is subject to change, and the final IPO date may be adjusted. Large IPO waves could impact US market liquidity? SpaceX's listing plan coincides with a high sentiment in the IPO market. Nvidia challenger and AI chip giant Cerebras Systems completed its highly-anticipated IPO this week, raising approximately $5.6 billion, with its stock price rising 68% on the first trading day on Thursday, highlighting investors' strong demand for AI-related assets. If SpaceX's IPO successfully lands, the fundraising scale will far exceed Cerebras and will set a new record in global IPO history, becoming a landmark event in the market. In response to market concerns about the potential impact of a "large IPO wave" on US market liquidity, Tony Pasquariello, from Goldman Sachs Trading Department, believes the market is fully capable of absorbing it. He pointed out that the total market value of the US stock market is as high as $77 trillion; at the same time, Goldman Sachs expects the number of US IPOs to be only about 100 in 2026, far lower than the 380 in the 1999 Internet bubble period. Pasquariello said that compared to the large number of companies with varying qualities that went public in 1999, the market now focuses more on "asset quality," and SpaceX is clearly one of the very few super assets with long-term narratives and core technological barriers. It should be noted that the timing of SpaceX's IPO filing may coincide with the window for the 12th test flight of the "Starship." The market expects this test flight to take place as early as next Tuesday. This article is reprinted from "Wall Street View", GMTEight Editor: Li Junleng.