SpaceX bumps up IPO after quick regulatory review
SpaceX plans to go public earlier than expected, Reuters reports, citing anonymous sources, who say the startup has selected Nasdaq as its listing venue. The new timeline, accelerated by an unexpectedly fast federal regulatory review, has SpaceX targeting a market debut as early as June 12, with its prospectus now expected to become public as soon as May 20.
SpaceX plans to go public earlier than expected, according to a Reuters report citing anonymous sources. The company has selected Nasdaq as its listing venue.
The new timeline was accelerated by an unexpectedly fast federal regulatory review. SpaceX is now targeting a market debut as early as June 12, with its prospectus expected to become public as soon as May 20.
Last month, SpaceX moved up the vesting date for employee-held shares by several weeks. The move was intended to address concerns over how much stock employees would have available to sell when the company goes public, according to Bloomberg.
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