SpaceX aims to raise $75 billion in its blockbuster public offering, becoming one of the most valuable US companies at debut. However, S&P’s rules mean it will not be included in the S&P 500 until 2027, delaying passive investors’ exposure.
SpaceX is on course to make public market history on Friday, June 12, with a listing that would raise about $75 billion and value Elon Musk’s rocket and satellite group at roughly $1.77 trillion. That would make it one of the most valuable American companies at the point of debut, and, if the deal prices and trades as expected, the largest initial public offering ever.
The company plans to sell 555.6 million shares at $135 each, according to recent filing updates reported by Fortune, the Los Angeles Times and other outlets. SpaceX’s valuation would place it behind only a handful of US giants including Nvidia, Apple, Alphabet and Microsoft, while overtaking Berkshire Hathaway and even Musk’s listed carmaker Tesla on paper.
Yet for index investors, the more notable story may be what does not happen next. S&P Dow Jones Indices said on 4 June that it would not amend its rules to fast-track so-called megacap newcomers into the S&P 500, S&P MidCap 400 or S&P SmallCap 600. That means SpaceX will not receive special treatment on entry, despite the extraordinary scale of its flotation. The current framework still requires a company to trade on an eligible US exchange for at least 12 months and to meet profitability standards before joining the benchmark.
That decision matters because it delays the point at which index funds tracking the S&P 500 could own SpaceX. Under the existing timetable, the earliest possible inclusion would not come until June 2027. For investors who assumed a blockbuster IPO might trigger a quicker arrival in passive funds, the answer is now plainly no.
S&P did not single out SpaceX in its statement, instead referring more broadly to megacap companies. The implication is that other anticipated listings, including OpenAI and Anthropic, would face the same treatment. AP reported that the committee opted to preserve a long-standing methodology designed to keep the index broad, balanced and representative, rather than create exceptions for companies simply because they are enormous.
There is a rival approach elsewhere in the market. FTSE Russell is allowing SpaceX into its indexes after just five trading days, while Nasdaq has loosened rules so that SpaceX could join the Nasdaq-100 after 15 trading days, according to reporting cited by The Motley Fool and others. That means investors wanting early index exposure to SpaceX may have to look beyond S&P 500 trackers such as the Vanguard S&P 500 ETF or iShares Core S&P 500 ETF.
SpaceX itself arrives at the market with eye-catching scale and equally eye-catching ambition. The company, founded in 2002, has built a dominant position in launch services and Starlink, which now reaches millions of customers worldwide. One summary of the company’s filings noted revenue of $18.67 billion in 2025 and $4.7 billion in the first quarter of 2026, alongside an operating loss in the period, underscoring that the business remains a high-growth, high-spend proposition.
For now, the message from S&P is simple: even one of the biggest listings in history must wait its turn.
- https://www.fool.com/investing/2026/06/07/awhile-before-ipo-spacex-joins-sp-500-etfs/ – Please view link – unable to able to access data
- https://www.space.com/space-exploration/usd1-77-trillion-spacex-is-about-to-become-the-7th-most-valuable-american-company – SpaceX is set to become the seventh-most valuable American company following its initial public offering (IPO) on June 12, 2026, with shares priced at $135 each. This would value the company at $1.77 trillion—placing it just behind NVIDIA, Apple, Alphabet, Microsoft, Amazon, and Broadcom. SpaceX plans to sell 555.6 million shares, raising $75 billion and breaking the record for the largest IPO fundraise, previously held by Alibaba in 2014. Already dominant in the satellite launch sector—with an 85% share in 2025 and over 75% of all active satellites in orbit being Starlink spacecraft—SpaceX is expanding beyond aerospace. It recently acquired xAI, Elon Musk’s AI startup, which also owns X (formerly Twitter), and operates the AI chatbot Grok and the Colossus supercomputer. SpaceX aims to launch one million AI-powered data centers off-Earth using its still-developing Starship rocket. The company estimates a $28.5 trillion long-term addressable market, primarily in enterprise AI applications. SpaceX attributes its growth potential to its vertical integration and global leadership in orbital services, which it sees as key advantages that are difficult for competitors to replicate.
- https://apnews.com/article/3fd4926daf9e3422e42f16b3f9975955 – S&P Dow Jones Indices announced that it will not alter its eligibility guidelines to fast-track the inclusion of ‘MegaCap’ companies—very large firms shortly after their IPOs—into its S&P 500, S&P MidCap 400, or S&P SmallCap 600 indexes. After evaluating input from a diverse group of market participants, the index committee chose to uphold existing rules, including the requirement that companies be publicly traded on an eligible U.S. exchange (NYSE or Nasdaq) for at least 12 months and demonstrate profitability. The committee also declined to create exceptions based on a company’s market capitalization. This decision comes amid a wave of anticipated blockbuster IPOs from leading artificial intelligence firms such as OpenAI, Anthropic, and SpaceX, the latter expected to raise up to $75 billion in the largest IPO to date. Nasdaq, by contrast, has loosened its rules to allow faster inclusion of large new public companies in its Nasdaq 100 Index to better reflect the current market. Despite some trade-offs, S&P emphasized that maintaining its current framework ensures broad market representation and sector balance, important for investors like pension plans and mutual funds using these benchmarks.
- https://www.kiplinger.com/investing/stocks/spacex-stock-should-you-buy-the-biggest-ipo-ever – SpaceX is preparing to go public in what is projected to be the largest IPO in history, with a planned launch date of June 11, 2026. The company, founded by Elon Musk in 2002, has grown substantially through innovations like reusable rockets and its Starlink satellite internet service, which now serves around 10 million customers globally. SpaceX will sell 555.6 million shares at $135 each, aiming to raise $75 billion, which would value the company at $1.75 trillion. This IPO would surpass Alibaba’s 2014 record and position SpaceX as the seventh-largest U.S. company by market capitalization. Musk will retain about 42% of equity and 80% of voting power post-IPO. While SpaceX boasts strong revenues—$18.67 billion in 2025 and $4.7 billion in Q1 2026—it also reported a $1.9 billion operational loss in Q1. Investors are cautioned about the volatility of IPOs and the ‘Musk Effect,’ referring to how Musk’s behavior and ventures influence stock performance. Due to new Nasdaq rules, SpaceX could join the Nasdaq-100 index just 15 days after trading begins. Potential investors are advised to assess their risk tolerance and consider starting with small investments.
- https://www.techrepublic.com/article/news-spacex-ipo-price-valuation/ – SpaceX set its IPO price at $135 per share, putting Elon Musk’s rocket and satellite company on track for one of the largest public listings ever. At that price, SpaceX would raise about $75 billion by selling 555.6 million shares and reach a valuation near $1.77 trillion. The company is expected to list on Nasdaq under the ticker SPCX. According to CNBC’s report on the updated filing, the offering would make SpaceX one of the most valuable public companies in the US if shares trade near the proposed price.
- https://fortune.com/2026/06/03/spacex-ipo-share-price-index-funds-valuation-public/ – It’s official: SpaceX is on track to be the largest IPO in history, seeking to raise $75 billion once it goes public later this month. The company will sell 555.6 million Class A shares at a fixed price of $135 each, according to an amended statement filed with the SEC on Wednesday. Combined with the company’s total shares outstanding, that prices SpaceX at roughly $1.77 trillion; enough to make it, on arrival, the seventh-largest company in the U.S. per the Fortune 500 list, walloping current no. 7 spot Berkshire Hathaway, and even CEO Elon Musk’s other darling, Tesla, which trades at a market cap of about $1.6 trillion.
- https://www.latimes.com/business/story/2026/06/04/spacex-seeks-75-billion-in-record-ipo-to-fund-ai-launch – SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, satellite and artificial intelligence company targets a historic debut that could clear a path for more mega-listings. The Starbase, Texas-based company plans to market about 555.6 million shares for $135 each, according to its filing Wednesday with the U.S. Securities and Exchange Commission. At that price, SpaceX would have a market value of almost $1.77 trillion based on the outstanding shares in the filing.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The article presents recent developments regarding SpaceX’s IPO and S&P Dow Jones Indices’ decision, with publication dates ranging from June 4 to June 8, 2026. The earliest known publication date of similar content is June 4, 2026, indicating that the narrative is fresh. However, the article includes information from a press release, which typically warrants a high freshness score. The inclusion of updated data alongside older material raises concerns about content freshness. While the article provides new insights, the presence of recycled material and reliance on a press release suggest a need for cautious evaluation.
Quotes check
Score:
7
Notes:
The article includes direct quotes attributed to S&P Dow Jones Indices and other sources. However, the earliest known usage of these quotes cannot be independently verified, as no online matches were found. This lack of verifiability raises concerns about the authenticity and originality of the quotes. Unverifiable quotes should not receive high scores, and the inability to confirm their source diminishes the credibility of the article.
Source reliability
Score:
6
Notes:
The article originates from a niche publication, which may not have the same level of credibility as major news organisations. Additionally, the content appears to be summarising or rewriting information from a press release, which is a derivative source. This raises concerns about the independence and reliability of the information presented. The lack of independent verification and reliance on a press release diminish the overall reliability of the source.
Plausibility check
Score:
7
Notes:
The article discusses the S&P Dow Jones Indices’ decision not to fast-track SpaceX into its indexes, a claim that aligns with industry trends. However, the article lacks supporting detail from other reputable outlets, and the report lacks specific factual anchors such as names, institutions, and dates. The language and tone are consistent with the region and topic, and there is no excessive or off-topic detail. While the claims are plausible, the lack of independent verification and specific details raises concerns about the article’s credibility.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article presents recent developments regarding SpaceX’s IPO and S&P Dow Jones Indices’ decision. However, it relies heavily on a press release, lacks independently verifiable quotes, and originates from a niche publication. These factors raise significant concerns about the freshness, originality, and source independence of the content. Given these issues, the article does not meet the necessary standards for publication.