SpaceX Completes Record $86 Billion IPO, Key Index Inclusion and Lock-Up Dates Ahead

Corporate Action Impact 5
โดย The Motley Fool·Read original
Summary · why it matters

Space Exploration Technologies Corp has completed its initial public offering, raising nearly $86 billion after underwriters exercised the greenshoe option. The IPO is the largest in history, with the company surpassing a $2.5 trillion market cap as of June 15. SpaceX is expected to join several major U.S. market indexes within its first three weeks of trading, with options and leveraged ETFs beginning on June 16, CRSP U.S. Large Cap and S&P Total Market index inclusion on June 18, Russell and MSCI indexes on June 26, and the Nasdaq-100 on July 6. Lock-up provisions will allow insiders to sell shares in stages, starting with 20% of their holdings after the second full trading day following second-quarter earnings results, expected in late July or early August, with additional tranches on August 21, September 10, September 25, October 10, October 25, and all remaining shares on December 9. These inclusion and lock-up events are expected to create artificial demand and excess supply, making it difficult to assess the company's true market value until after the first 180 days.

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Financials · 2 stocks
MSCI Inc
MSCI
▲ PositiveCapitalrelevance

SpaceX's IPO and index inclusion may drive demand for MSCI's index services, but the article does not specify MSCI's role.

Space Economy · 1 stocks
Digital Finance & Tokenization · 1 stocks
Nasdaq Inc
NDAQ
▲ PositiveCapitalrelevance

SpaceX's listing on Nasdaq and inclusion in Nasdaq-100 could boost Nasdaq's exchange revenue and index licensing.

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