The initial public offering (IPO) market has spent the last three years stuck in neutral. Rising interest rates, weak post-IPO performance, and a long list of overhyped debuts have kept companies private for longer and investors cautious. But now comes SpaceX — and suddenly Wall Street is acting like the drought never happened.
SpaceX plans to begin trading on the Nasdaq Exchange on June 12 under the ticker SPCX after filing its S-1 registration statement. The offering could value the company at as much as $2 trillion, making it the largest IPO in history.
