Keep pulling the thread on NASDAQ 100.
SpaceX is scheduled to make its debut on the Nasdaq on Friday under the ticker SPCX.
The initial public offering of SpaceX is anticipated to be the largest in history.
SpaceX has already secured over $75 billion in demand from investors for its initial public offering.
SpaceX's initial public offering is targeting a $1.77 trillion valuation with a fixed price of $135 per share, aiming to raise $75 billion.
In the first quarter, approximately 80% of SpaceX's launches were for its own Starlink constellation.
Elon Musk stated that SpaceX is going public to raise capital for a "massive new growth phase."
SpaceX's S-1 filing explicitly states that the company's future success is dependent on Elon Musk's continued involvement.
SpaceX requires capital from its IPO primarily to purchase GPUs for running its artificial intelligence models.
SpaceX's future business model projects that the vast majority of its revenue will come from selling AI software, not from launch services.
SpaceX took the unusual step of pre-pricing its IPO before its investor roadshow had begun.
SpaceX is expected to be added to the NASDAQ 100 index in early July, 15 trading days after its IPO.
Analysts predict that SpaceX may not become eligible for inclusion in the S&P 500 until 2027 or 2028.