SpaceX is reportedly moving faster toward its IPO, as Elon Musk’s rocket and satellite company now plans to price the blockbuster offering as early as June 11 and list on the Nasdaq (NDAQ). According to Reuters, the company has accelerated its timeline and could make its prospectus public as soon as next Wednesday. SpaceX is also aiming to start its investor roadshow on June 4, with a possible market debut as early as June 12.
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The new schedule is earlier than originally expected. People familiar with the matter told Reuters that the IPO process had previously been planned for late June, around Musk’s birthday, but the timeline was pulled forward after a faster-than-expected SEC review of the company’s filing. The sources asked not to be identified because the discussions are private.
The Nasdaq choice is also important. Indeed, it was previously reported in March that SpaceX was leaning toward Nasdaq because the company wanted an early path into the Nasdaq 100 index. If the current timeline holds, SpaceX could move from public prospectus to roadshow to trading in just a short window, making it one of the most closely watched IPOs in market history.
What Is the Prediction for TSLA Stock?
When it comes to Elon Musk’s companies, most of them are privately held. However, retail investors can invest in his most popular company, Tesla (TSLA). Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 12 Buys, 12 Holds, and five Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $403.86 per share implies 4.6% downside risk.
