SpaceX plans an IPO with a $700 billion to $750 billion valuation, with shares to list on Nasdaq under the ticker SPCX.

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SpaceX is set to price its IPO as early as June 11, with shares listing on Nasdaq under the ticker SPCX on June 12. The company, which merged with Elon Musk's xAI in February, aims to raise $700 billion–$750 billion, with a valuation exceeding $2 trillion. The IPO prospectus could be filed next week, with a global roadshow beginning June 8. On-chain data shows rising interest in altcoins to watch amid major market movements.

BlockBeats news: On May 16, according to Reuters, sources familiar with the matter said SpaceX could set its initial public offering price as early as June 11, with shares listing on June 12.

SpaceX will choose Nasdaq as the listing venue for its initial public offering, and SpaceX shares will trade under the ticker symbol "SPCX".

Previously, CNBC reported that SpaceX plans to publicly file its IPO prospectus as early as next week, with a target date of June 8 to launch its global roadshow and officially pitch the offering to investors. The company secretly submitted its IPO application in April this year.

This IPO is expected to be the largest in history. In February of this year, SpaceX merged with Elon Musk’s artificial intelligence company, xAI, resulting in a combined entity valued at $1.25 trillion. According to reports, the company aims to raise approximately $70 billion to $75 billion in its listing, more than double the record set by Saudi Aramco in 2019. SpaceX’s IPO valuation expectation has risen from $1.75 trillion to $2 trillion.

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