Odaily Planet Daily reports that four individuals familiar with the company’s plans say Elon Musk’s SpaceX is leaning toward listing on the Nasdaq. SpaceX aims to be included in the Nasdaq 100 Index as soon as possible, which is seen as one of the necessary conditions for its listing on the exchange. Previous reports indicated that SpaceX is planning an IPO as early as June. According to sources, the New York Stock Exchange is also competing for this listing, and neither exchange has been informed of the final decision. Last month, Nasdaq proposed a new rule that could accelerate the inclusion of newly listed large companies into the Nasdaq 100 Index. Under the “fast-track inclusion” rule, a newly listed company would qualify for accelerated inclusion if its market capitalization ranks within the top 40 of the index’s current constituents, allowing inclusion within less than a month after listing. The proposed changes have not yet been finalized and may take several months to take effect. Sources say SpaceX is seeking a valuation of approximately $1.75 trillion in this IPO, which, based on its latest share price, would make it the sixth-largest company by market capitalization in the United States. (Reuters)
SpaceX tends to list on Nasdaq, aiming for inclusion in the Nasdaq 100 Index.
KuCoinFlashShare
Summary
SpaceX is reportedly moving toward a Nasdaq listing, with inclusion in the Nasdaq 100 Index as a top priority. The company is targeting a $1.75 trillion valuation, which would make it the sixth-largest U.S. company by market cap. Nasdaq is considering a rule change to fast-track large listings into the index if they enter the top 40 by market cap. The New York Stock Exchange is also in contention. Market news suggests the decision could take months. On-chain activity remains closely watched as the listing race unfolds.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.