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SpaceX Set to Disclose IPO Prospectus as Historic Offering Takes Shape

SpaceX plans to disclose its IPO prospectus as soon as next week, marking the final regulatory step before what is expected to be the largest share offering ever. The reusable rocket company, which confidentially filed for the public listing in April, aims to launch its investor roadshow on June 8. The prospectus disclosure precedes the roadshow by more than the required 15 calendar days, giving investors time to review financials. SpaceX's valuation reached $1.25 trillion following its February merger with xAI. Underwriters are targeting a listing size between $70 billion and $75 billion, more than double Saudi Aramco's 2019 record IPO. Given the unprecedented scale, SpaceX's advisers are pursuing unconventional distribution channels. These include brokers in the U.S., Japan and Canada to secure allocations for long-term retail investors.